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Emirati economy grows 5.3 percent in non-oil businesses

[07/09/2025 11:55]

ABU DHABI-SABA
The real GDP of the United Arab Emirates (UAE) recorded a growth of 3.9 percent, reaching 455 billion dirhams in the first quarter of 2025, compared to the same period in 2024.

The non-oil GDP achieved a growth of 5.3 percent, amounting to 352 billion dirhams, while oil businesses contributed 22.7 percent in the first quarter of 2025.

The Minister of Economy and Tourism Abdullah al Mari told the Emirates News Agency (WAM) that the initial estimates issued by the Federal Competitiveness and Statistics Center about the economic performance in the country during the first quarter of 2025 confirm the robustness and resilience of the national economy and its ability to continue its extraordinary growth trajectory.

He noted that the contribution of non-oil economic activities to real GDP has reached a new record level, as it stood at 77.3 percent for the first time in the nation's history, reflecting the momentum of economic diversification that the UAE enjoys.

It also confirms the effectiveness of national policies and strategies aimed at building an economic model based on knowledge and innovation, in line with the objectives of the (We are the UAE 2031) vision, which aims to raise the country's GDP to 3 trillion dirhams by the next decade, the Minister noted.

Manufacturing activities outperformed other economic activities in terms of growth rate during the first quarter of this year compared to the same period last year, witnessing a growth of 7.7 percent, followed by the finance and insurance sectors and the construction and building sector, which achieved a growth of 7.0 percent. Meanwhile, real estate activities grew 6.6 percent, and trade activities grew by 3.0 percent.

The trade sector ranked first with a contribution rate of 15.6%, followed by the finance and insurance sector in second place with a contribution of 14.6%, then the manufacturing industries at 13.4%.

The contribution of the construction sector was 12.0%, and the real estate activities contributed 7.4%.