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1/2/25, 5:42 PM UAE economy grows 3.6% in the first half of 2024 on non-oil boost | The National
UAE economy grows 3.6% in the first half of 2024 on non-oil boost

Tourism, trade and transport among sectors driving expansion in the country's GDP

Aarti Nagraj
December 30, 2024

The UAE's economy grew by 3.6 per cent annually in the first half of this year, driven by the non-oil

sector as the country continues its economic diversification strategy.

The country's real gross domestic product (GDP) at constant prices rose to Dh879.6 billion ($239.5

billion) for the six-month period, while non-oil GDP increased by 4.4 per cent annually to reach
Dh660 billion, contributing 75 per cent to the total, the Ministry of Economy said.

The strong performance of the non-oil sector was attributed to efforts in boosting entrepreneurship,

trade and investment activities, development projects launched at the beginning of the year, as well

as tourism activities, Minister of Economy Abdulla bin Touq said.

The UAE, the Arab world's second-largest economy, has been focusing heavily on diversifying its
economy away from oil by developing sectors such as technology, manufacturing, tourism, trade and

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