Page 552 - MOET ENGLISH PR REPORT - JUNE 2025

6/16/25, 9:30 AM UAE posts 4% GDP growth in 2024 as economic diversification accelerates

FCSC Managing Director Hanan Mansour Ahli saId that the UAE’s 4 percent
GDP growth in 2024 reflects the country’s strong economic performance,
driven by a forward-looking vision centered on sustainable, non-oil-led

development.

The entral ank f he AE as aintained ts eal DP rowth orecast t 4 ercent or 2 024, ith n C B o t U h m i r
expected cceleration o 4 .5 ercent n 2 025 nd 5 .5 ercent n 2 026. ikipedia a t p i

As per the WAM report, the transport and storage sector was the fastest-

growing contributor to the country’s GDP last year, expanding by 9.6 percent
year-on-year. Thi s surge was largely attributed to the outstanding performance
of the country’s airports, whi ch handled 147.8 million passengers, marking a

rise of nearly 10 percent.

It added tha t the building and construction sector registered an 8.4 percent
growth in 2024, driven by robust investments in urban infrastructure. Financial
and insurance activities grew by 7 percent, while the hospitality sector,

including hot els and restaurants, saw a 5.7 percent increase.

The real estate sector also posted a 4.8 percent rise during the same period.

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