UAE, 2 April, 2025 : Abu Dhabi’s economy expanded by 3.8% in 2024, reaching a record AED1.2 trillion, according to preliminary estimates from the Statistics Centre - Abu Dhabi (SCAD). The non-oil sector was the key driver, growing by 6.2% and contributing 54.7% to total GDP, the highest on record.
Key sectors, including manufacturing, construction, finance, information and communication, and retail trade, achieved their highest-ever values. The manufacturing sector maintained a stable 9.5% GDP share, reaching AED111.6 billion, while construction grew by 11.3% to AED107.4 billion. The financial sector expanded by 10.7%, reaching AED77.8 billion, reinforcing Abu Dhabi’s status as a leading financial hub.
The transportation and storage sector recorded the highest growth at 16.9%, driven by logistics advancements and trade activity. Real estate grew by 4.2%, surpassing AED41.7 billion, while education and health services reached record values of AED20.4 billion and AED17 billion, respectively.
Ahmed Jasim Al Zaabi, Chairman of ADDED, attributed the growth to Abu Dhabi’s economic diversification strategies and proactive policies, positioning the emirate as a global investment hub. SCAD Director-General Abdulla Gharib Alqemzi highlighted the record non-oil sector contribution as a sign of Abu Dhabi’s progress toward economic transformation.
In Q4 2024, GDP grew by 4.4%, with non-oil GDP expanding by 6.6%, maintaining its record contribution to the economy. The strong performance reflects Abu Dhabi’s commitment to industrial development, foreign investment, and sustainable economic growth.
Source : www.zawya.com
