The UAE’s GDP rose by 3.6 per cent H1 of 2024, reaching AED 879.6 billion, as per a recent report submitted by Federal Competitiveness and Statistics Centre, His Excellency Abdulla bin Touq Al Marri, Minister of Economy, UAE, said. The transport and storage sector spearheaded non-oil economic growth, achieving 8.4 per cent growth rate, emerging as the fastest-growing sector, he added. “The achievements highlight the visionary leadership of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President, UAE, and guidance of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. The UAE has laid the foundation for a sustainable, diversified economy driven by innovation and knowledge, aligning with global trends, while maintaining its position as a premier economic hub regionally and internationally. This progress paves the way for achieving the economic goals outlined in ‘We the UAE 2031’ vision, including raising the UAE’s GDP to AED 3 trillion within the next decade,” he added.
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