- UAE economy is projected to grow by 3.9% in 2024, driven by the thriving non-oil sectors.
- A robust 4.3% year-on-year growth in Q4 2023, showcasing strong economic resilience.
The UAE’s economy is set to flourish with an anticipated growth rate of 3.9% in 2024, as per the UAE Central Bank’s latest report.
This optimistic projection comes despite a slight dip in oil activity last year. The non-oil sectors have shown remarkable performance, effectively turning the desert sands into fertile ground for economic prosperity.
The report highlights the country’s resilience and recovery, painting a hopeful picture for the year ahead. Key economic figures from the report reveal that the overall growth was 3.6% in 2023, with a strong surge of 4.3% year-on-year growth in Q4.
The non-oil sector outpaced the overall GDP, driving the economy forward, even as oil activity saw a decline due to lower production and prices.
