UAE economy to grow by 6% this year : Minister

The United Arab Emirates is set to experience robust economic expansion in 2025, with growth projections ranging between 5 and 6 per cent. This positive outlook was highlighted by Abdullah bin Touq Al Marri, Minister of Economy, during the second day of the World Government Summit (WGS) 2025 in Dubai.

A Resilient and Expanding Economy

The UAE's gross domestic product (GDP) growth averaged 4.8 per cent between 2021 and 2024, with non-oil GDP growth reaching an impressive 6.2 per cent. This trend underscores the nation's commitment to diversifying its economy beyond oil. Non-oil sectors now contribute 75 per cent to the national GDP, marking a significant milestone in achieving the ambitious goals of the “We the UAE 2031” vision.

Key Growth Drivers

Several vital sectors are fueling this economic surge, including:

• Technology: Rapid advancements and innovation continue to push the UAE to the forefront of the global tech landscape.

• Renewable Energy: Investments in sustainable energy solutions are reducing reliance on oil while promoting eco-friendly alternatives.

• Trade and Financial Services: The UAE remains a global hub for trade and finance, attracting foreign investments and strengthening its economic foundation.

• Infrastructure Development: Ongoing mega projects enhance connectivity and boost various industries across the country.

A Clear Economic Strategy

Minister Al Marri emphasized the UAE’s structured approach to economic growth, which includes pioneering initiatives in the circular economy, space economy, and emerging sectors. The country is also exploring new economic blocs, forging strategic partnerships, and fostering an environment conducive to foreign investments.

Sustained Growth Amid Global Challenges

Despite global economic uncertainties, the UAE remains resilient, thanks to its visionary leadership and proactive economic strategies. The nation’s focus on a knowledge-based economy, innovation, and advanced technology further strengthens its position as a leading global economy.

With a well-defined roadmap and strategic initiatives, the UAE is on a steadfast path to sustainable and high-growth economic development, setting a benchmark for the region and beyond.