Page 243 - MOE ENGLISH PR REPORT - DECEMBER 2024

1/2/25, 5:47 PM UAE’s GDP grows by 3.6% in H1 2024 – UAE BARQ
percent, followed closely by construction activities at 7.3 percent. Information and communication activities ranked fourth,
achieving a growth rate of 5.3 percent.

The restaurants and hotels sector secured the fifth spot, achieving 5.1 percent growth in the first half of 2024, fuelled by
exceptional tourism activity across the country. Hotel revenues exceeded AED24.6 billion during this period, registering a 7
percent increase, while the total number of hotel guests across the UAE’s seven emirates reached around 15.3 million,
representing a 10.5 percent growth.

Trade activities emerged as the largest contributor to the UAE’s non-oil GDP, accounting for 16.5 percent, followed by
manufacturing at 15 percent. Financial and insurance activities took third place with a 12.5 percent contribution, while
construction accounted for 11.6 percent. Real estate activities ranked fifth, contributing 7.6 percent.

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