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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
United Voices for 2045: UAE Launches a Global Survey to Shape the Future of Sustainable Development
- Women empowerment foundational to all 2030 SDGs, hears high-level roundtable at UN HLPF
- UAE delegation hosts roundtable on innovation and bridging the digital gender gap
Dubai- UAE. 19 July 2025 – The UAE has reaffirmed the critical role of women empowerment and gender equality in achieving the United Nations’ (UN) 2030 Agenda during the 2025 High-Level Political Forum (HLPF) on Sustainable Development in New York.
The UAE delegation highlighted the nation’s model for women empowerment, gender equality, and its focus on motherhood and childhood as the basis for inclusive and sustainable growth. The UAE built this model through the comprehensive empowerment system that it provides for women and families, who form the nucleus of society and guarantee the sustainability of human, social, and economic development.
The UAE delegation presented national policies and legislation that have contributed to increasing the number of women in leadership and decision-making positions. This includes the Equal Pay Law and the Constitution guaranteeing equal opportunities for both genders.
The delegation highlighted several milestones, including the fact that women now represent 50% of Federal National Council members and 26% of Cabinet members. Women also constitute 46% of STEM graduates in the UAE and 80% of the scientific leadership team in the Emirates Mars Mission.
The delegation also addressed the UAE’s role in supporting women empowerment globally through initiatives like Her Highness Sheikha Fatima bint Mubarak’s Women in Peace and Security Initiative. The delegation concluded by reiterating the UAE’s willingness to share its expertise and success with the international community to promote gender equality towards 2030 and beyond.
Promoting innovation and bridging the digital gender gap
The National Secretariat on SDGs and the UAE Consulate General in New York City hosted a roundtable on ‘Accelerating Innovation in Promoting Gender Equality to Continue Achieving Sustainable Development in the Post-2030.’
The discussion explored bridging the digital gender gap, transforming the care economy, and empowering women in leadership. It presented scalable solutions and practical models to drive progress around SDG 5.
The discussion featured contributions from Her Excellency Savannah Mazhya, Minister of Information and Communications Technology in the Kingdom of Eswatini and Chair of the Global Council for SDG 5; His Excellency Abdulla Lootah, Assistant Minister of Cabinet Affairs for Competitiveness and Experience Exchange and Chair of the National Committee on SDGs; Dr Manal Taryam, CEO and Board Member of Noor Dubai Foundation; while other participants included Chelsea Molden, Executive Director of the Public Policy Lab; Stephanie Sirota from RTW Investments in Life Sciences; and Andrew Billo, Head of Partnerships at the UN Initiative to End Violence Against Women and Girls.
HE Lootah: ‘The UAE has built a pioneering global model that supports social progress
HE Lootah, Assistant Minister of Cabinet Affairs for Competitiveness and Experience Exchange and Chair of the National Committee on SDGs, said: “Over decades of sustainable development centred on the family, the UAE has made community empowerment both the finish line and the starting point of development. This approach is what the UAE is ready to share with everyone around the world.
“Through the UAE’s participation in HLPF, and through the delegation’s meetings and partnerships, we are sharing knowledge gained in empowering society to ensure inclusive development.”
Additionally, the UAE delegation shared the country’s experiences in establishing the National Committee on SDGs in 2017 during its participation in an event organised by the Government of Qatar to introduce the agenda of the second edition of the Global Summit for Social Development, which will be held in Doha from 4-6 November.
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