The UAE economy has performed very well in 2024 It grew quickly in the first half of the year and is expected to continue growing strongly in the second half as well Many new records were broken for important economic numbers.
The stable environment in the UAE helps its economy do well even as other parts of the world face economic challenges The government supports businesses and investments continue to happen at high levels This leads to more jobs and higher incomes for people.
Many major projects covered by the news agency help power economic growth The expansion of industries and sectors creates more opportunities Both domestic sectors and foreign trade perform very positively Tourism numbers also rose substantially post pandemic.
Overall the economy gains in quality and depth People living standards benefit from the resilient and diversified nature of the UAE economyWith able leadership and a commitment to progress the nation is well placed to keep achieving ambitious targets.
The growth was broad based with both the oil and non oil sectors performing robustly Hydrocarbon increased substantially due to higher oil prices and output At the same time, sectors like real estate tourism aviation aexportsnd finance saw strong rebounds as business activity normalized after the pandemic The government vision to diversify away from oil is yielding results as non oil industries assume a larger role in driving the economy.
All of this has translated into better opportunities and conditions for the people of the UAE Unemployment declined sharply while wages and disposable incomes climbed Citizens could enjoy higher living standards on the back of lower inflation and strong fiscal surpluses Quality of life was further raised through ongoing investments in infrastructure healthcare education and social programs This balanced and inclusive progress is a testament to the farsighted policies of the leadership to ensure shared prosperity.
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