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H.E. Abdulla bin Touq Al Marri: Under the wise leadership’s vision, the UAE has built an innovative economic model based on global best practices. The continuous growth of the national economy reflects the success of the UAE’s economic diversification policies.
We remain committed to achieving the goals of “We the UAE 2031”, aiming to expand the UAE’s GDP to AED 3 trillion by the next decade and securing the UAE’s position as a global hub for new economy.
Hanan Ahli: The UAE’s robust economic performance is backed by a clear future-oriented vision focused on sustainable economic growth.
Additional Subtitles:
• UAE’s real GDP reaches AED 1.322 trillion
• Non-oil GDP reaches AED 987 billion
• Contribution of non-oil sectors to real GDP is 74.6%
• Top-growing sectors: Transport, construction, finance, government, and hospitality
• Leading contributors to non-oil GDP: Trade, manufacturing, finance, construction, and real estate
• Nominal GDP reaches AED 1.486 trillion (6% growth)
• Nominal non-oil GDP reaches AED 1.136 trillion (6.6% growth)
The UAE has recorded significant growth in its real GDP by 3.8%, reaching AED 1.322 trillion in the first nine months of 2024, compared to the same period in 2023. Meanwhile, non-oil GDP expanded by 4.5% to AED 987 billion, accounting for 74.6% of total real GDP, while oil-related activities accounted for 25.4%.
Commenting on this performance, H.E. Abdulla bin Touq Al Marri, Minister of Economy, emphasized that the UAE’s sustained economic growth is a testament to the success of its policies and strategies aimed at enhancing economic diversification, streamlining business operations, and driving the expansion of new economy sectors as key drivers of sustainable economic and social development. He highlighted that, under the leadership of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, and the 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 built an agile and globally competitive economic model capable of adapting to global challenges and rapid changes.
“The UAE continues to increase the contribution of non-oil sectors to the national economy by developing flexible economic legislation, enhancing global trade openness, and building strategic partnerships with key international markets. These efforts align with the “We the UAE 2031” vision, which aims to grow the UAE’s GDP to AED 3 trillion within the next decade and secure its position as a global economic hub,” H.E. bin Touq added.
Hanan Ahli, Managing Director of the Federal Competitiveness and Statistics Centre, stated: “The UAE’s GDP growth over the past nine months reflects our strong economic performance and future-driven vision focused on sustainable economic expansion, led by non-oil sectors.”
“Economic diversification remains a key pillar of the UAE national strategy, ensuring long-term growth in the economy and in key economic and development indicators,” she emphasized.
Top-Growing Economic Sectors
During the first nine months of 2024, the UAE’s fastest-growing economic sectors showcased remarkable expansion compared to the same period in 2023. The transport and storage sector experienced a significant growth of 7.9%, largely driven by a surge in passenger traffic at UAE airports, which welcomed over 103 million travelers, marking a 20% increase. Similarly, the construction and building sector expanded by 7.4%, fueled by substantial investments in large-scale urban infrastructure projects. The financial and insurance sector also saw steady growth, rising by 6.8%, while government activities expanded by 5.0%. Additionally, the hospitality and restaurant sector recorded a 4.9% increase, reflecting the continued momentum in the tourism industry.
When examining the key contributors to non-oil GDP, trade emerged as the largest sector, accounting for 16.5% of total non-oil economic output. Following closely behind, manufacturing contributed 15.1%, underscoring the UAE’s industrial strength. The financial and insurance sector played a crucial role, making up 12.1% of non-oil GDP, while construction and building activities contributed 11.7%, and the real estate accounted for 7.6%.
Overall, the UAE’s nominal GDP reached AED 1.486 trillion during the first nine months of 2024, reflecting an impressive 6% year-on-year growth. The nominal non-oil GDP also grew significantly, reaching AED 1.136 trillion, with a 6.6% increase. Notably, non-oil sectors contributed 76.5% to the total GDP, further highlighting the UAE’s progress in economic diversification and sustainable growth.
United Voices for 2045: UAE Launches a Global Survey to Shape the Future of Sustainable Development
Dubai, Wellington- 7 August 2019
In the recent official visit to the head office located in New Zealand’s capital Willington, the senior management of the New Zealand’s G2G Know-How Foundation welcomed H.E. Abdullah Nasser Lootah, Director-General of the Federal Competitiveness and Statistics Authority (FCSA).
G2G Know-How is a public foundation that reports to the New Zealand government. It dedicates all its efforts in developing innovative government solutions through exchange of ideas and experiences with the most significant experts from the public and private sectors from around the world.
H.E. Lootah’s visit to New Zealand G2G Know-How came as part of his tour of New Zealand’s government, semi-government and private institutions this week. During the meetings held at its premises, the G2G Know-How teams briefed H.E Lootah on their wide range of activities and successful experiences in areas of developing innovative government projects.
FCSA’s Director-General and New Zealand’s task forces discussed FCSA’s initiatives that are channeled towards developing the UAE’s National Statistical System for improving the Competitiveness Strategy and achieving the Sustainable Development Goals (SDGs).
The G2G Know-How officials introduced the foundation’s methodology in collaboratively developing initiatives of various government entities in New Zealand. Their process includes identifying challenges, defining development goals, drawing up a master plan to develop and implement solutions, identifying partnerships with experienced foreign governments, and examining and analyzing results.
On his visit to the G2G Know-How Foundation, H.E. Lootah stated, “New Zealand is featured by the foremost global competitiveness reports and indicators as one of the most developed countries. It is an exciting opportunity for the UAE to be G2G Know-How Foundation’s first-ever international co-operation experience. Learning from this experience inspires us to further excellent the efficiency and effectiveness of UAE’s National Teams and the innovative services offered to individuals and institutions in our homeland.”
A meeting was held between H.E. Lootah and Mr. Malcolm Miller, Executive Director of the G2G Know-How Foundation and former New Zealand Ambassador to UAE. Mr. Miller availed this opportunity to appreciate the active collaboration between New Zealand and the UAE’s public institutions. He noted the similarity and convergence of government visions on various aspects of government initiatives, including establishing an innovation culture, the role of accurate and up-to-date data in supporting decisions and placing sustainability as part of the government priorities in all areas and sectors.
FCSA’s – Director General’s visit to New Zealand included visiting several semi-government and private institutions specializing in the field of data such as the Data Ventures of the New Zealand Statistics Center and the head office of Creative Company. Data Ventures is a global provider of specialized and innovative services and products of data-driven insight while Creative Company is a private company that aims to build and promote innovation and creativity culture across the government and private institutions through the development of individual and institutional skills of work teams.
H.E. Lootah concluded his statement by saying: “Our visit to the capital of New Zealand was very successful. I am happy with the results of the meetings held with all the institutions. It has been agreed to intensify bilateral efforts by organizing more activities, exchanging experiences and launching projects and initiatives in various specialties and fields of common interest, particularly in fields of developing Statistical Activities, Management of Competitive Strategy and Governance of initiatives dedicated to achieving SDGs.”
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The emirate is hosting the event for 4 days, under the patronage of H.H. Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, Minister of Finance.
- The event is organised by the World Bank Group, with the support of the UAE’s Federal Competitiveness and Statistics Authority (FCSA).
- H.E. Hessa Buhumaid, Minister of Community Development: The UAE welcomes the findings of the Doing Business Report with an open mind, implementing them to rank among the top countries in the world on the index.
- H.E. Abdulla Lootah, FCSA Director General: The UAE uses the Report’s findings to launch projects and update legislations and procedures to be in line with reality and pave the way for a better future.
- H.E. Matthew Hawkins, New Zealand’s Ambassador to the UAE: The ease of doing business in the UAE is one of the leading factors that have made it an important business and commercial hub for our country.
Dubai, December 10, 2019
The third high-profile Doing Business Technical Deep Dive kicked off in Dubai today, hosted by the Federal Competitiveness and Statistics Authority (FCSA) in coordination with the Ministry of Finance.
Held under the patronage of His Highness Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, UAE Minister of Finance, the event addresses the World Bank’s Doing Business Report, bringing together a host of renowned policymakers and experts in economics and business to explore opportunities and exchange expertise.
The meeting is scheduled to take place over the course of four days, under the theme ‘Global Aspiration Towards Business Growth and Economic Prosperity”. It brings together more than 350 experts from 45 countries in Sub-Saharan Africa, the Middle East and North Africa (MENA), and Asia. The agenda includes several panel discussions, workshops, lectures, and field trips to explore best practices in government entities around the UAE that have earned high global rankings on the Doing Business Report.
In her opening speech, Her Excellency Hessa bint Essa Buhumaid, Minister of Community Development, said: “The UAE has established partnerships with the World Bank and the International Finance Corporation that have led to a host of successes and accomplishments across various sectors. Our cooperation to support competitiveness is one of our most successful; the UAE believes in the Doing Business Report, welcomes its findings with an open mind, and implements its recommendations to advance through the ranks and assume the top spots among the countries of the world on the index.”
“Our journey with competitiveness has had its fair share of challenges and successes that have propelled the UAE to the top ranks on numerous international competitiveness indexes,” H.E. added. “What the United Arab Emirates accomplished in the past few decades, and what it still plans to accomplish, will serve as a solid foundation upon which we can build a competitive knowledge economy driven by human skills, and capable of materialising the Fourth Industrial Revolution as on-the-ground projects and initiatives that serve to achieve the UAE Centennial 2071 Plan.”
“We are gathered here today to discuss the Doing Business Report, but there are other reports we need to focus on as well,” H.E. Hessa Buhumaid explained, citing the report titled ‘Women, Business, and the Law’ and the Human Capital Index. “With an abundance of reports available, governments now look to technical committees in the World Bank to listen to opinions and suggestions from relevant entities in their respective countries, and accept their feedback with an open mind.”
For his part, His Excellency Abdulla Nasser Lootah, Director General of the FCSA, said: “We take international reports very seriously here in the UAE; we use them to launch projects and update legislations and procedures to be in line with reality and pave the way for a better future. We all have a common goal: to develop a single, unified approach for analysing and understanding the Doing Business Report and its projections for the upcoming years. We are here to exchange expertise and connect with experts and specialists.”
“I have no doubt that the World Bank team will be taking this opportunity to have a closer look at the countries covered by the report, and exploring ways for countries to work together and make the study more credible and pertinent,” H.E. Lootah concluded.
Meanwhile, H.E. Matthew Hawkins, New Zealand’s Ambassador to the UAE, said: “The ease of doing business in the UAE is one of the leading factors that have made it an important business and commercial hub for our country. The UAE’s success is our success; we are delighted to see the momentous leaps it has taken in the past decades on the Ease of Doing Business Report.”
Participants at the Doing Business Technical Deep Dive will explore the opportunities and challenges facing efforts to draft and improve business legislations and procedures, highlighting the various stages economic establishments go through from beginning their operations, to securing construction permits and electricity services, registering trademarks, applying for credit, protecting minority investors, paying taxes, cross-border trade, enforcing contracts, and conflict resolution.
Dubai, UAE, December 8, 2019
The World Bank Group, with the support of the United Arab Emirates Federal Competitiveness and Statistics Authority (FCSA) will host, from December 10 to December 13, 2019 in Dubai, the third Doing Business Technical Deep Dive, a Masterclass and a knowledge sharing platform on the reforms counted by the World Bank Group’s Doing Business report. The event will welcome participants from over 30 countries in Africa, Asia, Europe, the Middle-East and Oceania.
The Technical Deep Dive gathers reform experts and policy makers to discuss the methodology and indicators of the Doing Business report, share best practice on identifying bottlenecks to private sector development and enacting relevant reforms, participate in targeted capacity building and networking sessions and use those interactions to update their country reform action plans.
His Excellency Abdulla Nasser Lootah, Director General of the Federal Competitiveness and Statistics Authority (FCSA), said: “Holding the third Doing Business Technical Deep Dive here in the UAE is a testament to the country’s success in firmly establishing itself as a destination of choice for business and economic leaders, partners, and organizations. It reflects the great confidence our partners at the World Bank and IFC have come to place in the UAE to host meetings of this high caliber. With prominent delegations of decision-makers and accomplished economics and business experts slated to attend, the much-anticipated event marks yet another milestone on the UAE’s journey to achieve the UAE Vision 2021 and implement the Sustainable Development Goals 2030.”
The 2020 Doing Business report, which was launched on October 24, 2019, shows that reform expertise is growing in the Middle-East and Africa regions. Economies in the Middle East and North Africa implemented a record 57 business-friendly reforms and hosted four of the countries that improved the most world-wide in the ease of doing business – Saudi Arabia, Jordan, Bahrain, and Kuwait. Sub-Saharan African countries implemented a total of 73 reforms, with Nigeria and Togo making the list of the global top reforming countries while Mauritius ranked as 13th easiest place to do business in the world.
The UAE ranks 16th globally and is the highest-ranked economy in the Middle-East and North Africa region. The Technical Deep Dive will offer the opportunity to aspiring reformers from across the globe to learn from the UAE’s best practices and share their efforts aimed at narrowing the gap with top reforming economies in the world.
The Doing Business project provides objective measures of business regulations and their enforcement across 190 economies and selected cities at the subnational and regional level. Launched in 2002, it looks at domestic small and medium-size companies and measures the regulations applying to them through their life cycle.
During FCSA Participation in the Biggest Global Conference for Geospatial Systems Users held in San Diego
Dubai, 30th July 2019
The Federal Competitiveness and Statistics Authority (FCSA) has concluded participation at the Esri User Conference-2019, the largest international gathering of experts and users of geospatial information systems (GIS) and solutions and digital geospatial platforms, held at the San Diego Convention Centre in San Diego, California.
During the days of the conference, UAE was so keen to shed a spotlight on its latest efforts and achievements it realized in the practices and applications of modern technology in general, and GIS technologies in particular in support of its journey to achieve the agenda of Sustainable Development Goals (SDGs) 2030.
H.E. Mohamed Hassan, Executive Director of Statistics Sector at FCSA, headed the FCSA official delegation. He delivered a specialized presentation as part of the main agenda of the conference organized by Esri, the world leader in GIS technologies. The session was attended by an international audience of specialists, experts and users of GIS from around the world.
During the session, H.E. Mohamed Hassan put on display the UAE page available on the UN Sustainability Information Platform, which has more than 26 specialized contents. These contents include summaries of significant sustainability initiatives, in addition to data and studies, most importantly, the part on documenting and showcasing UAE’s sustainability initiatives.
Commenting on the documentation processes, H.E. Hassan stated: “UAE singled itself out by being the first in the world to add such a documentary part to its initiatives. This part turned out to be a knowledge center accessible to the public and features the achievements and successes of UAE institutions and how they were successful in addressing several subjects and issues related to sustainability.”
He also pointed out: “UAE is among the very first States to take the positive initiative to link sustainable development initiatives to the Global Esri Geospatial Platform. The information on several key sustainability initiatives could be displayed and updated in real-time on this platform. For example, presenting information on external assistance provided by UAE to many countries around the world to reduce poverty and improve the quality of life via the UN Sustainable Development Knowledge Platform which is based on Esri technology. Indeed, it has become the most important international platform showcasing the achievements of the world’s nations in the field of SDGs 2030.”
“UAE’s presence in these global platforms confirms the commitment of all federal and local government institutions, the private sector, and the society as a whole to harness the latest technologies and innovations to boost the achievements of UAE in the field of SDGs, and not only at the level of the State but regionally and globally,” Hassan commented on the UAE’s participation in this global conference.
He went on to say: “These platforms adopt cutting-edge technologies of artificial intelligence, machine learning and linking satellite images with numbers and ground-based data. All of these factors serve our best interests to deliver high accuracy results, as well as saving time, efforts, and money.”
Noteworthy, members of the UAE delegation took part in various sessions and bilateral meetings that tackled the most recent developments in the fields of statistics, data, and geospatial systems. They were also briefed about specific leading international experiences, such as the feature of the Automatic Data Update developed by the USA Census Bureau and has already been adopted to implement its ongoing Census Project 2020.
H.E. Mohamed Hassan concluded his statement by saying: “Such global participations of the FCSA teams support the UAE’s efforts exerted to keep pace with the 17 SDGs. This is achieved by providing perfect data tools that facilitate planning, monitoring, following up the progress in realizing SDGs and reporting the progress achieved to the UN Statistics Division. Definitely, cooperation between FCSA, The UAE National Committee on SDGs and Esri in the field of e-linkage of the FCSA systems with the UN platform will boost its capacities and promote its planning capabilities in the future with sights set to further support the sustainability dossier at the national and global levels, as well as the achievement of the agenda of SDGs 2030.”
Abdullah Lootah: Local Government Entities Play a Key Role in Supporting the National Strategy for Global Competitiveness
Dubai, 22 July 2019
The High Level Committee for Competitiveness, a specialized committee to monitor competitiveness at the federal and local levels in the UAE, held its first meeting for 2019 at the head office of the Federal Competitiveness and Statistics Authority (FCSA) in Dubai. The meeting was attended by members of the committee, including the Ministry of Interior, the Abu Dhabi Competitiveness Office in the Department of Economic Development- Abu Dhabi, Dubai Competitiveness Office, Ajman Statistics and Competitiveness Center, Sharjah Department of Statistics and Community Development, the Executive Council of the Government of Ras Al Khaimah and the Municipality of Dibba Al Fujairah.
H.E. Abdullah Nasser Lootah, Director-General of FCSA and Chairman of the High Level Committee for Competitiveness, chaired the meeting. He welcomed the members of the committee and emphasized on the vital role played by local entities in supporting the UAE’s competitiveness strategy. He also highlighted their essential role in raising awareness among the employees of the federal and local authorities on the concept of competitiveness.
"Our experience in working on the global competitiveness strategy which the UAE had launched in the last ten years proved that continuous cooperation among all federal and local government entities along with the private sector is essential to further improve the performance of the UAE on the global competitiveness indices," Lootah said.
He highlighted: "Through this committee, we will constantly cooperate with all our local partners to spread the culture of competitiveness as a way of thinking, and as a means of promoting the outstanding performance of the government to provide government services to individuals and institutions efficiently and according to the highest global standards."
In the meeting, the UAE’s competitiveness strategy was thoroughly reviewed, with much focus laid on the most important milestones achieved during the last ten years. . Attendees also tackled the details of several current and future projects and initiatives. The meeting highlighted the initiatives of "Ease of Doing Business in Local Emirates" in (Abu Dhabi and Ajman and Ras Al Khaimah), developed in coordination between the World Bank, FCSA and the relevant authorities in the three emirates.
In the meeting, the UAE’s competitiveness strategy was thoroughly reviewed, with much focus laid on the most important milestones achieved during the last ten years. . Attendees also tackled the details of several current and future projects and initiatives. The meeting highlighted the initiatives of "Ease of Doing Business in Local Emirates" in (Abu Dhabi and Ajman and Ras Al Khaimah), developed in coordination between the World Bank, FCSA and the relevant authorities in the three emirates.
Members of the committee emphasized the need to develop a shared vision for improving the UAE’s performance in several high-priority indicators in vital sectors. They also underlined the need to remain updated on the latest competitiveness reports, as well as the most recent laws and procedures that will serve the best interest of all emirates in their current and future competitiveness projects.
SDGs Talk with HE Maitha Al Shamsi, Minister of State
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