Overcoming economic headwinds, the United Arab Emirates (UAE) economy is expected to grow by 5.7 percent in 2024. This is according to the latest forecast by the UAE Central Bank. And central to this growth are the UAE’s top industries.
The UAE economy in 2024
While oil remains a vital pillar of the country’s economy, the UAE has been recording impressive growth in its non-oil sector. Speaking to the state-run Emirates News Agency, Younis Hajji Al-Khoori, undersecretary of the UAE’s Ministry of Finance, lauded the country’s efforts to expand its economic horizons.
“Our efforts to diversify the economy and promote sustainable growth have proven effective. The country expects non-oil GDP growth to reach 5.9 percent in 2023 and to grow by 4.7 percent in 2024,” he stated.
The UAE’s top industries
According to Statista, the UAE’s GDP will continuously rise between 2023 and 2028. It will increase by around $143.3 billion, hitting $652.44 billion by the end of the forecast…
