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Non-oil sector fuels 3.4% GDP growth in Abu Dhabi
Non-oil sector fuels 3.4% GDP growth in Abu Dhabi

Dubai Eye

time2 days ago

  • Business
  • Dubai Eye

Non-oil sector fuels 3.4% GDP growth in Abu Dhabi

Abu Dhabi's economy continues to show strong momentum in 2025, with new data from the Statistics Centre–Abu Dhabi revealing a GDP of AED 291 billion in the first quarter, up 3.4 per cent year-on-year. The non-oil sector led the growth, expanding 6.1 per cent to AED 163.6 billion and contributing over 56 per cent of total GDP for the first time. Key drivers include manufacturing, construction, finance and trade, reflecting the emirate's successful diversification strategy. Manufacturing led the way, contributing AED 28.5 billion, while construction rose over 10 per cent to AED 27.5 billion. The financial sector added AED 19.6 billion, bolstered by increased investment in Abu Dhabi Global Market and a surge in assets under management. Population growth, which hit 4.14 million in 2024, is helping to fuel demand across sectors. Officials say these figures reflect the success of Abu Dhabi's economic diversification strategy, supported by digital transformation efforts — including a plan to become the world's first fully AI-native government by 2027. . @adstatistics has reported that the emirate's economy grew by 3.4 per cent in Q1 2025, reaching AED291 billion. Highlighting #AbuDhabi 's ongoing success in diversifying its economy, the non-oil sector contributed a Q1 record 56.2 per cent of the total GDP. — مكتب أبوظبي الإعلامي (@ADMediaOffice) July 3, 2025

Non-oil sector fuels 3.4% GDP growth in Abu Dhabi
Non-oil sector fuels 3.4% GDP growth in Abu Dhabi

ARN News Center

time2 days ago

  • Business
  • ARN News Center

Non-oil sector fuels 3.4% GDP growth in Abu Dhabi

Abu Dhabi's economy continues to show strong momentum in 2025, with new data from the Statistics Centre–Abu Dhabi revealing a GDP of AED 291 billion in the first quarter, up 3.4 per cent year-on-year. The non-oil sector led the growth, expanding 6.1 per cent to AED 163.6 billion and contributing over 56 per cent of total GDP for the first time. Key drivers include manufacturing, construction, finance and trade, reflecting the emirate's successful diversification strategy. Manufacturing led the way, contributing AED 28.5 billion, while construction rose over 10 per cent to AED 27.5 billion. The financial sector added AED 19.6 billion, bolstered by increased investment in Abu Dhabi Global Market and a surge in assets under management. Population growth, which hit 4.14 million in 2024, is helping to fuel demand across sectors. Officials say these figures reflect the success of Abu Dhabi's economic diversification strategy, supported by digital transformation efforts — including a plan to become the world's first fully AI-native government by 2027. . @adstatistics has reported that the emirate's economy grew by 3.4 per cent in Q1 2025, reaching AED291 billion. Highlighting #AbuDhabi 's ongoing success in diversifying its economy, the non-oil sector contributed a Q1 record 56.2 per cent of the total GDP. — مكتب أبوظبي الإعلامي (@ADMediaOffice) July 3, 2025

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