Non-Oil Sector

Stories tagged Non-Oil Sector

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  UAE GDP Grows 3.6% in H1 2024 on Non-Oil Strength

  The UAE's real GDP reached AED 879.6 billion ($239.5 billion) in H1 2024, a 3.6% year-on-year rise. Non-oil sectors drove 75% of output, with transport, finance, and construction posting the strongest gains as the country advances its 2031 diversification goals.

  31 Dec 2024

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  UAE Economy Growth to Hit 4.8% by 2025

  Oxford Economics forecasts UAE economy growth will accelerate to 4.8% by 2025, with the non-oil sector rising 4.6% in 2024. Chief Economist Scott Livermore credits record Dubai tourism, 100% foreign ownership rules, and Vision 2031 initiatives for driving the expansion.

  22 Sep 2024