The Federal Competitiveness and Statistics Centre (FCSC) released preliminary estimates of the UAE’s GDP growth in Q12024, which Minister of Economy Abdulla Bin Touq Al Marri said demonstrated the country’s economy’s resiliency and vitality and capacity to maintain sustainable growth.
He emphasised that the non-oil GDP increased by 4% over the same period last year, while the country’s real GDP reached Dhs430 billion in Q1 2024, registering an astounding growth of 3.4 percent over the same period in 2023.
Along with effective national economic strategies, enhancing openness to the world, promoting partnerships, and moving towards an innovative and flexible economic model, the nation adopted an innovative economic model that supports its future vision, guided by President His Highness Sheikh Mohamed Bin Zayed Al Nahyan and decreed by Vice President, Prime Minister, and Ruler of Dubai, His Highness Sheikh Mohammed Bin Rashid Al Maktoum. Bin Touq continued.
He emphasised that the nation’s economy is performing well, which supports reaching the “We the UAE 2031” vision’s economic goals, which include bringing the GDP of the nation to Dhs3 trillion by the end of the following ten years.
Also Read:
A Visionary Coach And Empowerment Expert: Neetu Choudhary
The Future Of High-Speed Internet With VSL Networks LLP: Tarik Al Mamun Chowdhury
About Author
