UAE's economy grows 3.6% in 2024, driven by non-oil sector, aiming for $816.7B GDP by 2031.

The UAE's economy is projected to grow by 3.6% in 2024, reaching $239.4 billion. The non-oil sector, contributing 75% of the GDP, grew by 4.4%, while the overall nominal GDP increased to around $266.7 billion. Key drivers include strong performance in transportation, storage, finance, and a thriving tourism sector. The UAE aims to reach a GDP of $816.7 billion by 2031, supported by diversification efforts and robust economic reforms.

3 months ago
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