According to figures released by the Federal Competitiveness and Statistics Centre (FCSC) on Sunday, the non-oil sector grew 4.4 per cent year-on-year to Dh660 billion during the January-June 2024 period, strengthening the country's position as a fast-growing global economic powerhouse. The non-oil sector's contribution to the country's GDP reached 75 per cent.
The value of the UAE's nominal GDP (at current prices) amounted to about Dh981 billion during the first half of 2024, recording a growth of 5.6 per cent, while the value of non-oil GDP at current prices increased during the same period to about Dh749 billion, with a growth rate of 6.8 per cent.
Abdullah bin Touq AI Marri, Minister of Economy, said the strong performance of non-oil sectors during the first half of 2024 reflected the vitality of the national economy and its ability to invest in promising opportunities in various fields.
This story is from the December 30, 2024 edition of Khaleej Times.
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This story is from the December 30, 2024 edition of Khaleej Times.
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