UAE economy grows 3.8% in first nine months of 2024

WAM

The UAE recorded a 3.8 per cent growth in real GDP in the first nine months of 2024, compared to the same period in 2023, reaching AED 1.322 trillion.

This growth was largely driven by a 4.5 per cent boost in non-oil sectors, contributing AED 987 billion and making up nearly 75% of the economy.

Abdullah bin Touq Al Marri, Minister of Economy, said this success highlights the effectiveness of the UAE’s economic diversification strategies.

With a focus on innovation and global partnerships, the country aims to raise its GDP to AED 3 trillion by 2031, positioning itself as a leading global hub for the new economy.

 

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