According to Amac News, this growth was due to the significant expansion in the non-oil sectors, which grew by 4.5% to AED 987 billion, demonstrating the success of the country’s economic diversification strategy.
The share of non-oil activities in the UAE’s real GDP reached 74.6%, reflecting the growing role of these sectors in supporting economic growth, while oil-related activities accounted for 25.4%.
Abdullah bin Tawq Al Marri, UAE Minister of Economy, described the country’s economic strategies as important in strengthening economic diversification, facilitating trade activities and promoting the expansion of new economic sectors.
He said that under the leadership of President Mohamed bin Zayed Al Nahyan, the UAE has focused on creating an innovative economic model based on global best practices that is able to adapt to global economic changes and challenges.
Bin Touq added that efforts are ongoing to increase the share of non-oil sectors in the UAE's national economy, and to develop more flexible and competitive economic regulations.
These efforts support the goals of the "We the Emirates 2031" vision, which aims to increase the country's GDP to 3 trillion dirhams over the next decade and transform the UAE into a global hub for the new economy.