According to World Bank projections, the UAE’s economy will continue to rise, hitting 4.6% in 2025 before levelling out at 4.9% in 2026 and 2027. With a projected growth rate of 4.9 percent in 2025, the World Bank verified that the UAE’s non-oil industries remain a major contributor to growth.
The World Bank’s most recent Gulf Economic Update (GEU), which is based on data as of June 1st, projects that the GCC countries’ economies would develop at a moderate rate, with growth of 3.2 percent in 2025 and 4.5 percent in 2026.
The World Bank claims that Gulf economies’ growth is mostly due to robust expansion in non-oil industries. According to the most recent edition of the GEU, the region’s economy grew by a noteworthy 1.7 percent in 2024, up from 0.3 percent in 2023.
With a 3.7 percent gain, the non-oil sector showed that it was still resilient, according to the study. Private consumption, investment, and structural changes carried out in GCC nations were major drivers of this expansion. While Kuwait’s economy is predicted to rebound considerably and reach 2.2 percent in 2025, Bahrain’s growth is predicted to steady at 3.5 percent.
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