UAE economy grows 3.8% in first nine months of 2024

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.

UAE’s real GDP posted significant growth of 3.8% during first nine months of 2024#WamNews https://t.co/3thnLvzat4 pic.twitter.com/TF6GEIV2FI

— WAM English (@WAMNEWS_ENG) March 5, 2025