UAE Expects 5.7 Percent Growth In 2024

  • Abu Dhabi, United Arab Emirates
  • 1 February 2024
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The UAE estimated economic growth of 3.1 percent in 2023, rising to 5.7 percent in 2024. Emerging markets and developing economies are expected to grow by 4 percent in 2023 and 2024.

The UAE's non-oil foreign trade reached a record AED 1.239 trillion ($337 billion) in the first half of 2023, representing a growth of 14.4 percent compared to the same period in 2022. Foreign direct investment inflows to the UAE reached AED 83.5 billion in 2022.

Source (Al-Sharq Al-Awsat Newspaper, Edited)

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