Page 553 - MOET ENGLISH PR REPORT - JUNE 2025

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

Based on the FCSC findings, the news agency stated that with regard to non-oil
economic activities tha t contributed most to the GDP, the trade sector
contributed 16. 8 percent, the manufacturing sector accounted for 13.5 percent,

and financial and insurance activities contributed 13.2 percent.

The ransport nd torage ector as he astest-growing ontributor o he ountry’s DP ast ear, t a s s w t f
expanding y 9 .6 ercent ear-on-year. ile/WAM b p

“Construction and building contributed 11.7 percent, while real estate activities

accounted for 7.8 percent of the non-oil GDP,” it concluded.

According to WAM, passenger traffic through the UAE’s airports also saw a

notable rise of 10 percent, reachi ng a total of 147.8 million travelers.

Meanwhi le, financial and insurance activities grew by 7 percent, while the

hos pitality sector, including restaurants and hotels, expanded by 5.7 percent.
The real estate sector posted a 4.8 percent growth, underscoring its continued
importance in the nation’s economic landscape.

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