{"id":298,"date":"2025-06-26T08:01:30","date_gmt":"2025-06-26T00:01:30","guid":{"rendered":"https:\/\/halal.tv\/?p=298"},"modified":"2025-06-26T08:01:30","modified_gmt":"2025-06-26T00:01:30","slug":"non-oil-sectors-drive-uaes-4-economic-expansion-in-2024","status":"publish","type":"post","link":"https:\/\/halal.tv\/index.php\/2025\/06\/26\/non-oil-sectors-drive-uaes-4-economic-expansion-in-2024\/","title":{"rendered":"Non-Oil Sectors Drive UAE&#8217;s 4% Economic Expansion in 2024"},"content":{"rendered":"<p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/halal.tv\/wp-content\/uploads\/2025\/06\/Non-Oil_Sectors_Drive_UAEs_4_Economic_Expansion_in_2024_v1_generated_image_20250626080127.png\" alt=\"Article featured image\"\/><\/figure>\n<\/p>\n<p>The UAE economy demonstrated remarkable resilience in 2024, posting robust 4% GDP growth while cementing its transition into a diversified, knowledge-based economic model. This expansion pushed the nation&#8217;s total economic output to AED 1.78 trillion, with non-oil sectors now contributing over three-quarters of GDP\u2014a watershed moment in the country&#8217;s strategic shift from hydrocarbon dependence.<\/p>\n<p>Trade emerged as the backbone of this transformation, representing 16.8% of GDP, while manufacturing, finance, and construction each contributed double-digit shares. The non-oil economy expanded by 5% annually, reaching AED 1.34 trillion, as transport and tourism sectors led the charge. Dubai&#8217;s record 19 million international visitors and a 9.6% surge in transport activity underscored the UAE&#8217;s growing appeal as a global hub for travel and logistics.<\/p>\n<p>Strategic trade agreements played a pivotal role, with non-oil foreign trade hitting AED 3 trillion\u2014a 14.6% annual increase. Comprehensive Economic Partnership Agreements with key markets like India and Turkey fueled a 42.3% jump in exports, reinforcing the UAE&#8217;s position as a premier trade gateway. Meanwhile, construction and real estate maintained strong momentum, with major infrastructure projects and Dubai&#8217;s booming property market driving sectoral growth of 8.4% and 4.8%, respectively.<\/p>\n<p>Looking forward, the UAE&#8217;s economic trajectory appears even brighter, with projections of 4.7% growth in 2025 and 5.7% in 2026. Continued expansion will be supported by progressive reforms, including visa liberalization, digital business integration, and green energy investments. These measures solidify the UAE&#8217;s standing as both a regional leader and an emerging force in the global post-oil economy.<\/p>","protected":false},"excerpt":{"rendered":"<p>The UAE economy demonstrated remarkable resilience in 2024, posting robust 4% GDP growth while cementing its transition into a diversified, knowledge-based economic model. This expansion pushed the nation&#8217;s total economic output to AED 1.78 trillion, with non-oil sectors now contributing over three-quarters of GDP\u2014a watershed moment in the country&#8217;s strategic shift from hydrocarbon dependence. Trade&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-298","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/halal.tv\/index.php\/wp-json\/wp\/v2\/posts\/298","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/halal.tv\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/halal.tv\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/halal.tv\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/halal.tv\/index.php\/wp-json\/wp\/v2\/comments?post=298"}],"version-history":[{"count":1,"href":"https:\/\/halal.tv\/index.php\/wp-json\/wp\/v2\/posts\/298\/revisions"}],"predecessor-version":[{"id":299,"href":"https:\/\/halal.tv\/index.php\/wp-json\/wp\/v2\/posts\/298\/revisions\/299"}],"wp:attachment":[{"href":"https:\/\/halal.tv\/index.php\/wp-json\/wp\/v2\/media?parent=298"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/halal.tv\/index.php\/wp-json\/wp\/v2\/categories?post=298"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/halal.tv\/index.php\/wp-json\/wp\/v2\/tags?post=298"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}