Media Center
DATA FOR A BETTER FUTURE
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
Officials and leaders from the UAE delegation at the United Nations High-Level Political Forum (HLPF) on Sustainable Development 2024 in New York affirmed the UAE’s strong commitment to enhancing international cooperation to achieve global sustainable development goals. In statements following their participation, they emphasised the importance of continued efforts to accelerate the implementation of these goals.
Rashid Al Mansouri: HLPF Provided a Platform to Highlight ERC’s Experience
H.E. Rashid Mubarak Al Mansouri, Secretary-General of Emirates Red Crescent (ERC), highlighted that the participation in the United Nations HLPF on Sustainable Development 2024 provided a platform to showcase the Authority’s sustainable development initiatives. These initiatives address social, economic, and environmental dimensions, optimise resource use to meet community needs, and aim to combat poverty, hunger, disease, and climate change; challenges that threaten societal stability and development. He emphasised that sustainability is crucial for mitigating these risks.
Al Mansouri stated that the Emirates Red Crescent implements initiatives that aim to create a lasting positive impact on people’s lives. The development projects focus on fragile communities and address key areas such as food sustainability, health, education, and essential services like electricity, water, sanitation, and clean energy. Additionally, the projects include infrastructure development, such as constructing housing units and facilities for refugees and displaced persons, and supporting their stability to enhance their productivity and integration into local communities.
Mohammed Al Suwaidi: UAE’s Historic Achievements in Advancing Development Goals
H.E. Mohammed Saif Al Suwaidi, Director-General of the Abu Dhabi Fund for Development, stated that under the guidance of its wise leadership, the United Arab Emirates has achieved remarkable milestones in supporting sustainable development goals and fostering global economic cooperation. The UAE’s efforts have established a unique model for assisting developing countries in addressing economic and development challenges.
Al Suwaidi added: “The Abu Dhabi Fund for Development receiving the United Nations Small Island Developing States Partnerships Award 2024 exemplifies the Fund’s and its strategic partners’ forward-looking vision. This recognition underscores their commitment to finding innovative and effective solutions for accelerating the transition to renewable energy, empowering communities, and building capacities as key components of a comprehensive strategy for sustainable development in developing countries".
H.E. Dr. Alanoud Alhaj, Assistant Under-Secretary for Green Development and Climate Change at the Ministry of Climate Change and Environment, emphasised that the UAE’s climate action is centred on achieving sustainable development goals. These include ensuring access to adequate and affordable food, quality education, health care, and the optimal use of resources.
Dr. Alhaj added: “The UAE is dedicated to enhancing food security and advancing towards SDG 2 (Zero Hunger). Through strategic planning, innovative solutions, and international collaboration, we are making significant progress in eliminating hunger, improving food security, and promoting sustainable agriculture on a global scale".
She further noted that, amid the challenges of climate change, such as global warming and environmental degradation, it is crucial to recognise their impact on economic, social, and health outcomes. To address these challenges, a unified strategy for sustainable development is essential. Specifically, SDG 13 (Climate Action) is closely connected to goals addressing water scarcity, hunger, health, economic growth, and other critical issues.
Dana Al Marzooqi: Achieving Sustainable Development Goals as a Pillar of the UAE’s Vision and Mission
Lieutenant Colonel Dana Humaid Al Marzooqi, Director-General of the International Affairs Bureau at the Ministry of Interior, said: “The UAE has long recognised the vital connection between sustainability, security, and climate action. Therefore, we, together with our partners at the United Nations and beyond, are committed to leading global efforts to ensure that everyone can live a life of dignity".
Mohamed Al Ramahi: Committed to Climate Action Through a Just Energy Transition
Mohamed Jameel Al Ramahi, Chief Executive Officer of Abu Dhabi Future Energy Company (Masdar), stated that Masdar is committed to climate action through a fair and equitable energy transition and by supporting countries and communities in achieving their net zero targets. With global partnerships and projects spanning over 40 countries across six continents, Masdar is committed to increasing renewable energy production capacity to 100 gigawatts by 2030. This goal aligns with the UAE’s historic agreement to triple global renewable energy production capacity by the same year.
The UAE Government Knowledge Exchange Office organized as part of the activities of the UAE delegation at the High-Level Political Forum on Sustainable Development 2024 in New York. A pivotal session on the central role of the principle of building and expanding bilateral strategic partnerships at the international level in accelerating the achievement of the 17 sustainable development goals adopted by the United Nations for the year 2030 with a global consensus, where the UAE delegation presented the country’s pioneering model in concluding partnerships whose sustainable impact is reflected in developing the work of governments and supporting the growth paths of economies and societies. The session, titled ‘Building and Strengthening Impactful Partnerships to Accelerate the Achievement of the Sustainable Development Goals’, addressed the UAE’s efforts at the level of international cooperation in exchanging experiences and successful models with the seventeenth goal of the Sustainable Development Goals (SDGs), which is "Partnerships to achieve the Goals".
The session showcased the UAE government’s knowledge-sharing partnership approach with more than 37 countries and governments around the world.
The session was organized with the aim of documenting the global impact of the government knowledge exchange program and its role in achieving The objectives of Sustainable Development Goal 17, which is concerned with activating global partnerships for sustainable development, including governments, the private sector and civil society, as this documentation of achievements will contribute to enriching academic institutions with the information and data required to measure and monitor the progress of partnership development and their direct and indirect contribution to the achievement of other sustainable development goals.
The session was attended by His Excellency Abdullah Nasser Lootah, Assistant Minister of Cabinet Affairs for Knowledge Exchange and Competitiveness and Chairman of the National Committee for Sustainable Development Goals, His Excellency Mohamed Saif Al Suwaidi, Director General of the Abu Dhabi Fund for Development, Her Excellency Dr. Alanoud Al Hajj, Assistant Undersecretary for Green Development and Climate Change, Lt. Col. Dana Humaid Al Marzouqi, Director General of the International Affairs Office at the Ministry of Interior, Hashem Al Attas, Senior Portfolio Manager for the Middle East and North Africa at Masdar, in addition to experts, academics and makers. Decision, and government officials from Rwanda, Mongolia, Serbia, Malaysia, Malta, Uzbekistan and Fiji.
The session was moderated by Afshin Molavi, Senior Fellow, Institute for Foreign Policy at the College of Advanced International Studies at Johns Hopkins University.
The session discussed the value of influential partnerships in promoting progress towards achieving sustainable development goals, through government modernization, supporting positive transformations, and consolidating partnership concepts that support countries, governments and societies in achieving sustainable development goals and transforming future challenges into opportunities. The roundtable session then turned into a workshop on the future of partnerships in accelerating the achievement of the five goals focused on the 2024 edition of the United Nations High-Level Political Forum on Sustainable Development: Goal 1 to eradicate poverty in all its forms everywhere, Goal 2 to end hunger, achieve food security, improve nutrition and promote sustainable agriculture, Goal 13 to support climate action and call for urgent action to combat climate change and its repercussions, and Goal 16 to promote peaceful societies. inclusive of all categories to achieve sustainable development, provide justice for all and build effective and efficient institutions; Goal 17, which focuses on global partnerships to promote the implementation of development goals.
The participants were distributed from Academics, researchers, government officials and experts in groups, each group discussed one of the sustainable development goals under discussion, where they prepared in brainstorming a series of practical recommendations to promote accelerated international partnerships to achieve sustainable development for the future, foremost of which is the call for the exchange of knowledge and expertise, the sharing of best experiences and practices, and inter- and international cooperation at the level of governments, UN organizations, international institutions and development programs to reach the goal of sustainable development and preserve the planet’s resources for future generations.
The first group included H.E. Dr. Alanoud Al Hajj, Assistant Undersecretary for Green Development and Climate Change, H.E. Ambassador Ernest Rwamusio, Permanent Representative of the Republic of Rwanda to the United Nations, H.E. Chinokhai Pat Ardenni, Deputy Permanent Representative of the Permanent Mission of Mongolia to the United Nations, and H.E. Mohamed Raslan, First Secretary for Agricultural Affairs at the Malaysian Embassy in Washington.
The group discussed the achievements of the government knowledge exchange program and its impact on the first two development goals of eradicating poverty in all its forms. The second goal is to end hunger, achieve food security, improve nutrition and promote sustainable agriculture.
Participants in the first group addressed the role of technological innovations in efforts to combat poverty, and the importance of investment and policy development to increase the contribution of education and health care to reducing global poverty levels.
The session also touched on global trade policies and market movement and their impact on food access to all countries and their role in reducing hunger and improving global food security.
The second group addressed Goal 13, which supports climate action and calls for urgent action to combat climate change and its repercussions, and included Lieutenant Colonel Dana Humaid Al Marzouqi, Director General of the International Affairs Office at the Ministry of Interior, Her Excellency Marta Arsowska Tomovska, Advisor to the Speaker of Parliament of the Republic of Serbia and Special Envoy for Expo 2027 in Belgrade, Joseph Caruana, from the Ministry of Environment, Energy and the Grand Port Renovation in Malta, and Hashim Al Attas, Senior Portfolio Manager for the Middle East and North Africa at Masdar.
The second group discussed issues of importance Current globality, such as the role of governments in leading the transition to alternative energy sources, the responsibility of advanced economies in this area and the possibility of playing a greater role in reducing carbon emissions, and ways to support societies to withstand the effects of climate change.
The third group discussed Goal 17, which focuses on global partnerships to enhance the implementation of the SDGs, and was attended by His Excellency Abdullah Nasser Lootah, Assistant Minister of Cabinet Affairs for Competitiveness and Knowledge Exchange and Chairman of the National Committee for Sustainable Development Goals, His Excellency Mohamed Saif Al Suwaidi, Director General of the Abu Dhabi Fund for Development, His Excellency Shukrat Vavayev, Executive Director of the Uzbekistan Fund for Reconstruction and Development, and His Excellency Viotti Kisonyo, from the Permanent Mission of the Republic of Fiji to the United Nations.
Participants addressed the role of global partnerships in making rapid progress in achieving the Sustainable Development Goals, the role of multilateral financial institutions and the role of concessional loans in supporting sustainable development, and the prospect of partnership between public and private sector institutions in this regard.
The High-Level Political Forum on Sustainable Development is the main platform. Since its establishment in 2012, it has played a pivotal role in following up and reviewing what has been implemented at the country level in the 2030 Agenda for Sustainable Development.
This edition of the International Forum was held under the theme "Promoting the 2030 Agenda for Sustainable Development and Eradicating Poverty in Times of Multiple Crises: Effectively Implementing Sustainable, Resilient and Innovative Solutions".
International day of sign language
His Highness Sheikh Mohammed bin Hamad bin Mohammed Al Sharqi, Crown Prince of Fujairah, received, at his office at the Amiri Diwan, the members of the Higher Committee for Coordination of Statistical Work at the State level
Professor Jeffrey D. Sachs, President of the UN Sustainable Development
Highlights of H.E Noor AlKhulaif, Minister of Sustainable Development
Intro to UNCEBD Task Team Training Competencies Capacity Level
UN Regional Hub for BIG DATA in UAE WEBINAR SERIES
Close X
Date will get updated
test