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DATA FOR A BETTER FUTURE
Dubai, September 3 2018
The UAE’s National Committee on Sustainable Development Goals (SDGs), which includes 17 federal entities, recently held its third meeting for 2018, primarily discussing preparations for the upcoming second edition of the UN World Data Forum, set to be held in Dubai on October 22-24, 2018.
The meeting was attended by Her Excellency Hessa Buhumaid, Minister of Community Development, and H.E. Jameela Al Muhairi, Minister of State for Public Education, both of whom applauded the Committee for its efforts and preparations for the Forum, stressing the necessity of ensuring governance when implementing SDGs and of harmonising efforts among Committee members, as per the directives of the UAE’s leadership. Their Excellencies reiterated their support for the member entities’ efforts to provide the Federal Competitiveness and Statistics Authority (FCSA) with accurate and current data.
“This Committee was formed in 2017, and in its one year and eight months of existence, it has registered outstanding achievements,” said H.E. Buhumaid, expressing her delight at the fact that the representatives of the 17 member entities are young Emiratis with great enthusiasm to serve their country.
For her part, H.E. Al Muhairi said: “We all work together to promote our country and continuously enhance its international standing in terms of sustainable development, and the UN World Data Forum presents an ideal platform to showcase our national achievements. The UAE has progressed from 77th place to 60th on the SDG Index; this is testament to the exceptional leadership of the National Committee on Sustainable Development Goals 2030.”
Thanking Their Excellencies the Ministers for their attendance and contribution to the meeting, H.E. Abdullah Nasser Lootah, FCSA Director General and Chairman of the Organising Committee of the UN World Data Forum 2018, said: “Our work with the member entities of the Committee centres around the National Agenda’s metrics, which, in turn, offer the necessary support to achieve the Sustainable Development Goals 2030. Furthermore, we concentrate on data and statistics, which are essential for driving success at the Government level till 2021 and beyond.”
The 17 Committee members were thoroughly introduced to the upcoming UN World Data Forum (www.unwdf.ae) set to be held in the UAE under the theme “Better Data for Better Generations”. The event will be hosting more than 80 sessions that feature over 100 speakers from all around the world.
The team organising the Forum reiterated its potential as a platform for forging international partnerships and closer relations with the private sector – a key step for implementing SDGs. The meeting then moved on to a case study on DP World and its progress in achieving SDGs locally, regionally and internationally.
On the same note, the team outlined the progress made with regards to the Global Leadership Councils for SDGs initiative, announced at the World Government Summit, where work is underway to expand these Councils.
The National Committee on Sustainable Development Goals holds periodic meetings at the Federal Competitiveness and Statistics Authority’s headquarters in Dubai.
Dubai, August 20, 2018
The Federal Competitiveness and Statistics Authority (FCSA) announced the signing of a strategic partnership agreement with Abu Dhabi Ports. The agreement is aimed to support the United Nations (UN) World Data Forum 2018, which will be hosted by the FCSA in Dubai, United Arab Emirates in October this year.
The official partnering ceremony was held at the FCSA headquarters in Dubai, with the agreement signed by HE Mohamed Hassan Ahli, Executive Director of the National Statistics and Data Sector at the FCSA and Abdullah Humaid Al Hamli, Executive Vice President of Corporate Support at Abu Dhabi Ports, in the presence of senior officials from both parties.
"Effective, efficient and accurate data collection improves the performance and efficiency of the logistics sector. It is a vital contributor to sustainable economic development as it leads to the formulation of long-term plans and strategies that support transport and shipping. As well as strengthening the logistics sector’s role as a vital resource for local economies, it is a key factor in maintaining the UAE’s leading position on global competitiveness indicators,” said HE Abdullah Nasser Lootah, FCSA Director-General and Organising Committee Chairman of the UN World Data Forum 2018.
“The participation of Abu Dhabi Ports in the United Nations World Data Forum is of particular importance as it contributes to highlighting the UAE’s achievements in the use of statistical data and information. The organisation’s inclusion places a spotlight on the development of the UAE’s world-class port sector and showcases its role in meeting the growing demands of maritime transport and logistics," he added.
Mr. Abdullah Humaid Al Hamli, Executive Vice President of Corporate Support at Abu Dhabi Ports, reiterated that the signing of the agreement with the FCSA was in line with the directives of UAE’s wise leadership to encourage all parties to strengthen cooperation to achieve the goals and aspirations of UAE Vision 2021.
“Hosted by the UAE, the United Nations World Data Forum 2018 is a strategic event for government and private entities, universities and experts from around the world, to increase awareness of the UN’s 2030 SDGs. Abu Dhabi Ports is proud to support the forum, which confers numerous benefits to companies and institutions from the public and private sectors, as well as individuals involved in the field of data," Al Hamli said.
HE Mohamed Hassan Ahli, Executive Director of Statistics Data at the FCSA, said: "Data and statistical information are fundamental building blocks that contribute to the development of SDGs, which meet the current and future needs of societies. The United Nations World Data Forum 2018 is a premium platform that promotes the exchange of ideas on the best ways to implement modern technologies and to benefit from the collection of data, statistics and accurate information to achieve SDGs at the local, regional and global levels.”
The agreement was signed to strengthen cooperation frameworks and activate joint action for the forum, which will see the participation of government leaders, policy decision-makers and more than 1,500 global experts and specialists in the field of data and statistics. The world’s most prominent gathering in its field, the UN World Data Forum examines how to improve upon data collection and analysis to achieve the UN’s 2030 Agenda Sustainable Development Goals (SDGs).
The UN World Data Forum 2018 is the world’s most prominent international gathering of data and statistics experts and acts as a scientific incubator to enhance the contribution of data and statistics to the achievement of the 2030 SDGs. The event provides an ideal opportunity to build a broad network of relationships with prestigious corporations, institutions and universities, as well as experts, specialists and data leaders from around the world.
Memorandum supports UN World Data Forum 2018 to be held in Dubai this year
Dubai August 6, 2018
The Federal Competitiveness and Statistics Authority (FCSA) has signed a partnership agreement with the Statistical Centre of the Gulf Cooperation Council for the Arab States of the Gulf (GCC-Stat), as it prepares to host the second UN World Data Forum in the UAE on October 22, 2018.
The Memorandum of Understanding (MoU) took place at the Authority’s headquarters in Dubai, with His Excellency Abdullah Nasser Lootah, FCSA Director General and Chairman of the Organising Committee of the UN World Data Forum 2018, and H.E. Saber bin Saeed Al Harbi, Director General of GCC-Stat, as signatories. Attending the ceremony were a number of dignitaries and officials from both sides.
“This MoU is a tangible result of the wise leadership’s directives to build bridges of cooperation between the UAE and the GCC. The agreement outlines the framework of collaboration that will enhance the UAE’s readiness to host the UN World Data Forum 2018, which seeks to achieve the United Nations’ 2030 Agenda for Sustainable Development (2030 Agenda), not only in the UAE but also across the region and the world. The effort to bring together local and regional organisations to work together reflects our commitment to producing a premium platform for the forum – one that befits such a prestigious global event,” said H.E. Abdullah Nasser Lootah.
For his part, H.E. Saber bin Saeed Al-Harbi explained that the agreement is a confirmation of GCC-Stat’s commitment to supporting initiatives and events related to statistics, in general, and the UN World Data Forum 2018, in particular. He described the MoU as one of the most important to facilitate a global platform for seamless Gulf-wide statistical work, and one that stands to benefit all related stakeholders in the region.
Dr Fahad Bin Sulaiman Al Tekhaifi, President of the General Authority for Statistics (GaStat), asserted that the forum brings together leaders, decision makers and experts in the field of data science and statistics, as well as data producers and users from around the world. He reiterated that it represents an ideal opportunity to highlight the most important topics and introduce the latest technologies related to statistics in an interactive environment that endorses the exchange of information and ideas, as well as promotes innovative initiatives aimed at strengthening the capacity of participating states to harness data and statistical systems, and implement the 2030 SDGs globally.
“We are delighted to join hands with the UAE and to support it with the hosting of the UN World Data Forum 2018. This joint venture will help ensure the success of the 2018 Forum – an event that will enhance the position and stature of GCC statistics agencies globally,” said Othman Abdullah Al-Othman, Acting General Director of the Central Statistics Bureau and Assistant Undersecretary for the Statistics Sector, Kuwait.
“The collation of accurate statistical data is a fundamental pillar for the development process, as it provides indicators that play a pivotal role in decision-making, planning and the preparation of economic, social and environmental policies. Strong and effective statistical systems are vital to generate the large amount of data that is required to plan effective policies that cover all aspects of community activity,” he added.
Al Othman highlighted the importance of hosting major statistical platforms such as the UN World Data Forum, as it reflects the GCC countries’ support to Sustainable Development Goals (SDGs), facilitating partnerships between GCC, regional and international organisations. This, he said, leads to the enhancing of cooperation between users and producers of statistical data and improves the effectiveness of economic and development policies at the national, regional and international levels.
“Through the UN World Data Forum, we look forward to addressing important issues, such as national capacity-building and financing, improving data collection, integrating non-traditional sources of data and reviewing the progress of the Cape Town Global Plan of Action for Sustainable Development Data, which was agreed upon at the first World Data Forum. By addressing challenges in global data collection and collation, we can examine the solutions that will enable us to meet the 2030 Agenda,” Al Othman concluded.
Dr Nabeel Mohammed Shams, Deputy CEO, Statistics & Population Registry in Bahrain, stressed the importance of this Forum as it brings together the leading producers and users of data from around the region and the world, which will endorse global efforts in launching innovative initiatives that improve the quality of data generated on health, migration, refugees, education, income, environment, human rights and other core areas of sustainable development.
“The UN World Data Forum is an important gateway to exploring innovative approaches to applying data and statistics in measuring progress globally. It provides an ideal platform to launch initiatives and solutions that will provide better data for all by sharing experiences that will enrich discussions and improve the use of data in sustainable development,” said Dr Shams, who praised the Federal Competitiveness and Statistics Authority for its efforts to host the event.
Dr Khalifa bin Abdullah bin Hamad Albarwani, CEO of the National Centre for Statistics and information, Oman, noted that the Sultanate has placed great emphasis on statistics since the very beginning of the renaissance sweeping across the country, under the leadership of His Majesty Sultan Qaboos bin Said, by virtue of its great role in decision and policy making.”
“The UN World Forum 2018 is a great event, and one we can count on to discover innovative ways to utilise data and statistics to quantify international progress,” he added.
The second edition of the UN World Data Forum 2018 will provide an opportunity to network with organisations, companies, institutions, universities and experts from all over the world, all the while promoting the 2030 Agenda. With global leaders in data and statistics attending, along with a large number of officials from government and business sectors, the forum is expected to receive wide media coverage from various local, regional and international media agencies.
Dubai, August 5, 2018
The SDGs and the upcoming UN World Data Forum were discussed in a meeting between DSG Amina Mohammed and Abdulla Lootah, DG of FCSA at the UN HQ in New York. In particular, how advanced technologies and data can be utilised to serve nations as they strive to achieve the Sustainable Development Goals (SDGs).
Lootah discussed the UAE’s experience in this regard, highlighting its national and international efforts in support of the SDGs. Hosting the 2nd UN World Data Forum is another opportunity to bring together all stakeholders and focus the world on how to harness the power of data to serve humanity.
"The UN World Data Forum in Dubai ignites the possibilities of technology giving ambition to the critical role of data in monitoring, measuring and achieving progress towards an inclusive, resilient and sustainable future for everyone. The
data revolution creates the opportunity to harness new technologies making the invisible visible and giving the most vulnerable communities a voice in determining a dignified future," said Amina Mohammed, Deputy Secretary-General of the United Nations.
"With a host of international experts, government officials, the private sector and civil society actors set to attend, the upcoming UN World Data Forum is going to offer a truly global platform to share experiences and innovations that can support nations in their drive to meet or exceed the Sustainable Development Goals," said H.E. Lootah, Director General of the FCSA. "We are hosting the UN World Data Forum to highlight UAE’s leadership commitment and to advance this important global commitment; that every nation in the world, can enjoy a decent level of living, health care and education. The Forum will provide an opportunity for participants to learn about the latest data, which will contribute to finding solutions to these challenges in the future."
As the host country, the UAE is working closely with the United Nations and the High-level Group for Partnership, Coordination and Capacity Building to bring together major producers and users of data to collaborate and launch innovative initiatives that will deliver better data on health, education, economy, environment, gender equality, disables (people of determine), and other aspects of sustainable development. A special emphasis will be on advanced technologies, such as artificial intelligence, and its role in driving data transformation in support of the Sustainable Development Goals, with the UAE showcasing a wide range of best practices and innovations in the field of data and statistics.
The second UN World Data Forum will welcome more than 1,500 data experts, policy-makers, and representatives from academia, private sector and CSOs from around the world. The event follows the inaugural forum, which took place in 2017 in Cape Town, South Africa.
The Federal Competitiveness and Statistics Authority signs agreement with Dubai Electricity and Water Authority to support the UN World Data Forum 2018
DUBAI, 28th July, 2018 (WAM)
The Federal Competitiveness and Statistics Authority (FCSA) has signed a memorandum of understanding (MoU) with the Dubai Electricity and Water Authority (DEWA) to build a strategic relationship to support the United Nations 2018 World Data Forum, to be hosted by the United Arab Emirates in October 2018. More than 1,500 leaders, decision makers, experts and specialists in the field of data and statistics from around the world will attend the event.
The MoU was signed by H.E. Abdullah Nasser Lootah, FCSA Director General, and Chairman of the Organising Committee of the UN World Data Forum 2018, and HE Saeed Mohammed Al Tayer, MD & CEO of DEWA, in the presence of senior officials of both organisations.
H.E. Abdullah Nasser Lootah, FCSA Director General, said: "Energy sustainability and efficiency improvement is one of the key sustainable development goals. Underlining its visionary leadership, the UAE has adopted a long-term strategy to promote this goal, and reduce that nation’s dependence on traditional energy sources. Our nation has taken concerted initiatives to diversify energy sources and increase the contribution of clean energy to the overall mix to ensure sustainability for our future generations. The availability of accurate statistical data and information will support the development of future scientific and knowledge plans that will drive the efforts of national institutions in this field."
"The MoU signed with Dubai Electricity and Water Authority (DEWA) will integrate the efforts of national institutions to contribute international expertise and best practices in building national capacities in statistical fields. This will help provide data that serve the objectives of the national development agenda, and highlight the UAE’s leading position as one of the best countries in the world in the use of data and information to achieve sustainable development in all fields and sectors," he added.
"We are pleased to be the strategic partner of the UN World Data Forum, organised by the Federal Competitiveness and Statistics Authority. This underlines the position of the UAE as an ideal platform for hosting the biggest and most important conferences and forums, thanks to its robust infrastructure and capabilities to organise major events. The Forum will be an opportunity to discuss the growing importance of data for governments around the world and the need to develop ways for collecting and processing data to achieve the Sustainable Development Goals 2030. We are sponsoring this international forum because we believe in the important role data and statistics play in building smart cities and promoting the transformation towards a knowledge-based economy by encouraging creativity and innovation. This is achieved by utilising data to develop innovative solutions, smart applications, and value-added services. Through Digital DEWA, the digital arm of DEWA, we are redefining the concept of a utility to create a new digital future for Dubai. DEWA will disrupt the entire business of public utilities by becoming the world’s first digital utility using autonomous systems for renewable energy and its storage, expansion in Artificial Intelligence adoption, and digital services. Dubai will be the first city to provide AI-based electricity and water services. DEWA will launch a futuristic digital platform, a data hub named MORO, to improve the UAE’s digital capabilities to develop smart cities, provide state-of-the-art innovative solutions, and a successful model for Dubai and the world," said HE Saeed Mohammed Al Tayer, MD & CEO of DEWA.
Al Tayer appreciated the efforts of the Federal Competitiveness and Statistics Authority in preparing, managing and presenting the UAE’s bid dossier to host the UN World Data Forum 2018. He emphasised the importance of the forum’s topics, which focuses on sustainability. DEWA attaches great importance to supporting the UAE’s efforts in line with the UN’s Sustainable Development Goals 2030. DEWA is committed to adopting sustainability as a main priority for its strategic direction, plans and initiatives, to support the Dubai Clean Energy Strategy 2050, which aims to provide 7% of Dubai’s total power output from clean energy by 2020, 25% by 2030 and 75% by 2050, and the Dubai Plan 2021, which aims to make Dubai a city that is sustainable with its resources and supported by environmental elements that are clean, healthy, sustainable.
The MoU provides for DEWA to share resources and expertise to contribute to the organising this important global gathering, which examines the impact of data and its role in achieving the goals of the Sustainable Development Agenda 2030, in a way that is commensurate with the distinctive position of the UAE and its role in stimulating international cooperation to achieve development goals at global levels. The two entities will review the UAE’s leading global experience in drawing on data to shape future policies and plans in many areas, including the energy sector. They will also highlight the most prominent national projects and achievements achieved by the nation to support the global commitment to promote energy sustainability.
The two organisations will also leverage the discussions and recommendations of the forum and benefit from international expertise to build the competencies of national talent, improve their skills and develop their expertise in statistical fields to deploy them in the development of plans, visions and common policies that serve the achievement of development goals at the local level, including the objectives of the National Agenda for Vision 2021 and the UAE Plan 2071.
The MoU will leverage the activities of the global forum, which is hosted by the UAE to consolidate its position and leading role in building bridges of cooperation and establishing effective partnerships for data exchange and promoting its optimal use to achieve the goals of sustainable development 2030.
The UN World Data Forum 2018 will provide an opportunity to network with organisations, companies, institutions, universities, as well as experts, specialists, and data workers from around the world.
The forum will be attended by leaders of data, and a large number of officials from government and business sectors, who will take part in specialized discussion sessions in establishing a scientific environment to enhance the contribution of data and statistics to achieving the goals of sustainable development 2030.
Smart Dubai, FCSA enhance cooperation for UN World Data Forum 2018
- The two sides signed an MoU to showcase Smart Dubai’s world-class initiatives
- Lootah: The partnership agreement reflects our commitment to work together to support the vision of the UAE
- Al Nasser: Dubai has the most comprehensive and ambitious data initiative worldwide
Dubai, June 27, 2018
The Federal Competitiveness and Statistics Authority has signed a strategic partnership agreement with Smart Dubai, to enhance cooperation for supporting the 2nd United Nations World Data Forum 2018. The forum will be held in the UAE in October, with more than 1500 experts in the field of data and statistics from different countries of the world expected to attend.
The partnership agreement aims at uniting efforts to contribute to the success of the world’s largest data event, and to use it as a platform to review the qualitative accomplishments achieved by UAE institutions and government entities by employing modern technologies to support the development and prosperity of the community.
The agreement was signed at the headquarters of the Federal Authority for Competitiveness and Statistics in Dubai by H.E. Abdullah Nasser Lootah, FCSA Director General, and Chairman of the Organising Committee of the UN World Data Forum 2018, along with HE Younus Al Nasser, Assistant Director General, Smart Dubai, and CEO, Dubai Data Establishment, in the presence of the accompanying delegates from both entities.
"The combination of efforts and effective cooperation among all parties will have a significant impact on the success of hosting the United Nations World Data Forum 2018, consolidating the UAE’s leading position as a global destination for world-class events," said H.E. Abdulla Nasser Lootah. “This agreement with Smart Dubai underlines our commitment to uniting efforts with various government entities to translate our wise leadership’s vision in achieving the goals of sustainable development according to data-driven plans and strategies.”
"The forum will provide a unique opportunity to utilize experiences, review best practices, exchange ideas and discuss the latest technologies related to statistical fields. This provides an ideal platform to review the achievements of Dubai in its quest to be the smartest city in the world, based on the directives of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, by developing holistic solutions that will drive sustainable development and support the well-being of society."
H.E. Younus Al Naser said: “"Our leadership’s vision has elevated our role to a global level, and any initiative we develop has an impact on global trends. This applies to “Dubai Data”, one of the most comprehensive and ambitious initiatives in the world. Our leadership sees data as the oil for the future, which makes Dubai the perfect venue for hosting the 2018 UN World Data Forum. The forum will provide an opportunity to inform the world of what we have achieved in a record time in terms of data as a tool to empower the future, as well as the opportunity to exchange experiences and ideas with the global experts participating in the event. "
"The partnership agreement is part of our keenness to translate the national plans, including the UAE 2071 Centennial Plan, due to the strategic role that the data will play in transforming our country to be the best in the world. We will use our expertise to ensure the event’s success, which is an accomplishment to our country, complementing its pursuit of a knowledge-based economy.” H.E. added. “While the world is still exploring the future potential of data, we will showcase our achievements such as the Dubai Pulse, which is a world-first, being a future tool for building effective – and user-friendly human experience. "
The agreement stipulates the consolidation of visions and strategies, developing practical approaches aimed at building and exchanging experiences and enhancing technical capacities. It aims at achieving mutual goals, visions, policies, plans and strategic programs to develop a smart statistical system that will serve as an example for the world, and provide information and knowledge to meet the needs of both entities while supporting sustainable development plans at all levels.
- Real GDP 2017 generates 0.8% growth and 2.5% growth for non-oil sectors in 2017
- Current GDP for 2017 achieves 7.2%
Dubai, UAE – 12 June 2018
The UAE, represented by the Federal Competitiveness and Statistics Centre (FCSC), participated in the 17th Meeting of Heads of National Statistical Offices of BRICS, held in Fortaleza, Brazil. The meeting saw the participation of high-level delegations as part of the Triple International Forum on Global South Governance.
The meeting focused on vital topics aimed at strengthening statistical cooperation among BRICS countries. Discussions included the production of digital age indicators, exchange of national experiences in economic development, poverty reduction, climate change mitigation, international statistical training, and joint publications such as the Joint Statistical Publication (JSP) of the BRICS group. These efforts aim to strengthen statistical cooperation frameworks, paving the way for further integration in data production and support for development policies within the group’s countries.
Hanan Ahli: UAE Supports Global Dialogue on Shaping a Data-Driven Future Enhanced by Statistical Innovation
Her Excellency Hanan Mansour Ahli, Managing Director of the Federal Competitiveness and Statistics Centre, affirmed that UAE’s participation reflects its commitment to supporting global dialogue on shaping a data-driven future, enhancing its governance through a flexible and comprehensive knowledge system that responds to national priorities and aligns with global trends. By leveraging statistical innovation tools and enhancing cognitive integration, the aim is to build more sustainable communities.
Hanan Ahli added, “We look forward to strengthening cooperation frameworks with BRICS countries through the UN Global Platform Regional Hub in the UAE, contributing to the development of indicators that reflect the digital age realities and support joint efforts and knowledge exchange in this vital field.”
The UAE delegation highlighted the importance of developing modern statistical tools that reflect digital transformations in national economies, reaffirming the country’s commitment to enhancing international partnerships in data and evidence-based policy support. The delegation also showcased UAE’s efforts in developing data infrastructure, enabling innovation in statistical work, and deploying modern technologies such as AI and big data to support sustainable development strategies.
The UAE delegation stated that enhancing coordination and aligning the Joint Statistical Publication (JSP) of the BRICS group with public policy requirements is necessary, focusing on the specific nature and development needs of the group’s countries to enhance the effectiveness of data in decision-making processes.
It is worth mentioning that BRICS Heads of National Statistical Offices Meetings serve as a high-level platform bringing together decision-makers and international experts in statistics and big data to exchange experiences, discuss opportunities for effective cooperation and partnerships, and explore the latest innovative practices in statistical work, contributing to the development of quality initiatives that support continuous assessment of evolving needs at regional and international levels.
H.E. Abdulla bin Touq Al Marri: Under the wise leadership’s vision, the UAE has built an innovative economic model based on global best practices. The continuous growth of the national economy reflects the success of the UAE’s economic diversification policies.
We remain committed to achieving the goals of “We the UAE 2031”, aiming to expand the UAE’s GDP to AED 3 trillion by the next decade and securing the UAE’s position as a global hub for new economy.
Hanan Ahli: The UAE’s robust economic performance is backed by a clear future-oriented vision focused on sustainable economic growth.
Additional Subtitles:
• UAE’s real GDP reaches AED 1.322 trillion
• Non-oil GDP reaches AED 987 billion
• Contribution of non-oil sectors to real GDP is 74.6%
• Top-growing sectors: Transport, construction, finance, government, and hospitality
• Leading contributors to non-oil GDP: Trade, manufacturing, finance, construction, and real estate
• Nominal GDP reaches AED 1.486 trillion (6% growth)
• Nominal non-oil GDP reaches AED 1.136 trillion (6.6% growth)
The UAE has recorded significant growth in its real GDP by 3.8%, reaching AED 1.322 trillion in the first nine months of 2024, compared to the same period in 2023. Meanwhile, non-oil GDP expanded by 4.5% to AED 987 billion, accounting for 74.6% of total real GDP, while oil-related activities accounted for 25.4%.
Commenting on this performance, H.E. Abdulla bin Touq Al Marri, Minister of Economy, emphasized that the UAE’s sustained economic growth is a testament to the success of its policies and strategies aimed at enhancing economic diversification, streamlining business operations, and driving the expansion of new economy sectors as key drivers of sustainable economic and social development. He highlighted that, under the leadership of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, and the guidance of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai, the UAE has built an agile and globally competitive economic model capable of adapting to global challenges and rapid changes.
“The UAE continues to increase the contribution of non-oil sectors to the national economy by developing flexible economic legislation, enhancing global trade openness, and building strategic partnerships with key international markets. These efforts align with the “We the UAE 2031” vision, which aims to grow the UAE’s GDP to AED 3 trillion within the next decade and secure its position as a global economic hub,” H.E. bin Touq added.
Hanan Ahli, Managing Director of the Federal Competitiveness and Statistics Centre, stated: “The UAE’s GDP growth over the past nine months reflects our strong economic performance and future-driven vision focused on sustainable economic expansion, led by non-oil sectors.”
“Economic diversification remains a key pillar of the UAE national strategy, ensuring long-term growth in the economy and in key economic and development indicators,” she emphasized.
Top-Growing Economic Sectors
During the first nine months of 2024, the UAE’s fastest-growing economic sectors showcased remarkable expansion compared to the same period in 2023. The transport and storage sector experienced a significant growth of 7.9%, largely driven by a surge in passenger traffic at UAE airports, which welcomed over 103 million travelers, marking a 20% increase. Similarly, the construction and building sector expanded by 7.4%, fueled by substantial investments in large-scale urban infrastructure projects. The financial and insurance sector also saw steady growth, rising by 6.8%, while government activities expanded by 5.0%. Additionally, the hospitality and restaurant sector recorded a 4.9% increase, reflecting the continued momentum in the tourism industry.
When examining the key contributors to non-oil GDP, trade emerged as the largest sector, accounting for 16.5% of total non-oil economic output. Following closely behind, manufacturing contributed 15.1%, underscoring the UAE’s industrial strength. The financial and insurance sector played a crucial role, making up 12.1% of non-oil GDP, while construction and building activities contributed 11.7%, and the real estate accounted for 7.6%.
Overall, the UAE’s nominal GDP reached AED 1.486 trillion during the first nine months of 2024, reflecting an impressive 6% year-on-year growth. The nominal non-oil GDP also grew significantly, reaching AED 1.136 trillion, with a 6.6% increase. Notably, non-oil sectors contributed 76.5% to the total GDP, further highlighting the UAE’s progress in economic diversification and sustainable growth.
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