Page 212 - MOE ENGLISH PR REPORT - DECEMBER 2024

1/2/25, 5:42 PM UAE economy grows 3.6% in the first half of 2024 on non-oil boost | The National
Information and communication activities grew 5.3 per cent, while the restaurant and hotels sector

rose 5.1 per cent during the first six months of 2024, driven by “unprecedented activity” in tourism.

Hotel establishments’ revenues rose to more than Dh24.6 billion during the first half of 2024, up 7
per cent annually, with guest numbers rising about 10.5 per cent to 15.3 million, the report said.

Passenger traffic at Abu Dhabi and Dubai international airports rose by 33.8 per cent and 8 per cent,

respectively, during the January-June period, according to Central Bank data.

For 2025, the regulator expects the country's economy to grow by 6 per cent, while the International

Monetary Fund forecasts expansion of 5.1 per cent.

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