Page 252 - MOE ENGLISH PR REPORT - DECEMBER 2024

1/2/25, 5:53 PM UAE economy climbs 3.6% as GDP hits $239.5bn in H1; transport, finance and construction lead charge - Arabian Business: Latest …

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Bin Touq noted strong performance in key sectors, including transport, storage, finance,

and construction, fuelled by initiatives to promote entrepreneurship, trade, and investment,
as well as major developmental projects launched earlier this year.

Tourism also recorded sustained growth, further reinforcing the UAE’s standing as a global

tourism hub.

Additionally, the Minister underscored the importance of continued efforts and sector-wide
integration to drive sustainable and inclusive economic progress.

Hanan Mansour Ahli, Managing Director of the Federal Competitiveness and Statistics

Centre (FCSC), said: “The GDP figures for the first half of this year, published by the FCSC,
reaffirm the UAE’s dedication to implementing its policy of economic openness as a

consistent national strategy.

“By leveraging its capabilities, the UAE aims to strengthen its economic standing on both
regional and global levels as one of the most dynamic and diversified economies, driven by

forward-thinking strategies and sustainable diversification plans.”

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