Latest news with #StatisticsCentre
Yemen Online
08-04-2025
- Business
- Yemen Online
Abu Dhabi records 9% growth in non-oil foreign trade
Abu Dhabi Customs has reported a 9 per cent increase in the emirate's non-oil foreign trade in 2024, reaching AED 306 billion, up from AED 281.9 billion in 2023. Non-oil exports surged by 16 per cent to AED 107.8 billion, while re-exports grew by 11 per cent to over AED 58 billion, and imports saw a 3 per cent rise to AED 140.2 billion. This growth is attributed to Abu Dhabi's business-friendly environment, proactive policies and initiatives aimed at reducing costs and streamlining trade processes. Customs declarations rose by 3 per cent, with digital platform transactions up by 17 per cent, and automated transactions increasing by 31 per cent. Rashed Lahej Al Mansoori, Director General of Abu Dhabi Customs, emphasised the emirate's continued growth as an economic powerhouse, committed to enhancing trade and supporting the UAE's development. Abdulla Gharib Al Qemzi, Director General of the Statistics Centre – Abu Dhabi, said that these figures reflect the success of policies that drive sustainable growth and reinforce Abu Dhabi's position as a major trade hub.
ARN News Center
08-04-2025
- Business
- ARN News Center
Abu Dhabi records 9% growth in non-oil foreign trade
Abu Dhabi Customs has reported a 9 per cent increase in the emirate's non-oil foreign trade in 2024, reaching AED 306 billion, up from AED 281.9 billion in 2023. Non-oil exports surged by 16 per cent to AED 107.8 billion, while re-exports grew by 11 per cent to over AED 58 billion, and imports saw a 3 per cent rise to AED 140.2 billion. This growth is attributed to Abu Dhabi's business-friendly environment, proactive policies and initiatives aimed at reducing costs and streamlining trade processes. Customs declarations rose by 3 per cent, with digital platform transactions up by 17 per cent, and automated transactions increasing by 31 per cent. Rashed Lahej Al Mansoori, Director General of Abu Dhabi Customs, emphasised the emirate's continued growth as an economic powerhouse, committed to enhancing trade and supporting the UAE's development. Abdulla Gharib Al Qemzi, Director General of the Statistics Centre – Abu Dhabi, said that these figures reflect the success of policies that drive sustainable growth and reinforce Abu Dhabi's position as a major trade hub. . @AbuDhabiCustoms reported a 9 per cent increase in the emirate's non-oil foreign trade in 2024, reaching AED306 billion, driven by #AbuDhabi 's business-friendly ecosystem and growing relations with trading partners around the world. — مكتب أبوظبي الإعلامي (@ADMediaOffice) April 7, 2025
Dubai Eye
07-04-2025
- Business
- Dubai Eye
Abu Dhabi records 9% growth in non-oil foreign trade
Abu Dhabi Customs has reported a 9 per cent increase in the emirate's non-oil foreign trade in 2024, reaching AED 306 billion, up from AED 281.9 billion in 2023. Non-oil exports surged by 16 per cent to AED 107.8 billion, while re-exports grew by 11 per cent to over AED 58 billion, and imports saw a 3 per cent rise to AED 140.2 billion. This growth is attributed to Abu Dhabi's business-friendly environment, proactive policies and initiatives aimed at reducing costs and streamlining trade processes. Customs declarations rose by 3 per cent, with digital platform transactions up by 17 per cent, and automated transactions increasing by 31 per cent. Rashed Lahej Al Mansoori, Director General of Abu Dhabi Customs, emphasised the emirate's continued growth as an economic powerhouse, committed to enhancing trade and supporting the UAE's development. Abdulla Gharib Al Qemzi, Director General of the Statistics Centre – Abu Dhabi, said that these figures reflect the success of policies that drive sustainable growth and reinforce Abu Dhabi's position as a major trade hub. . @AbuDhabiCustoms reported a 9 per cent increase in the emirate's non-oil foreign trade in 2024, reaching AED306 billion, driven by #AbuDhabi 's business-friendly ecosystem and growing relations with trading partners around the world. — مكتب أبوظبي الإعلامي (@ADMediaOffice) April 7, 2025
Al Etihad
07-04-2025
- Business
- Al Etihad
Abu Dhabi non-oil foreign trade records 9% growth in 2024
7 Apr 2025 10:06 ABU DHABI (ALETIHAD)Abu Dhabi Customs reported a nine percent increase in the emirate's non-oil foreign trade in 2024, reaching Dh306 billion, compared to Dh281.9 billion in 2023, reflecting the vitality of the emirate's economy and its growing relations with trading partners around the exports soared 16 percent in 2024, reaching Dh107.8 billion compared to Dh93 billion in 2023. Re-exports grew by 11 percent to exceed Dh58 billion, compared to Dh52.4 billion in 2023, while imports grew by three percent to Dh140.2 billion, up from Dh136.4 billion in growth is attributed to Abu Dhabi's business-friendly ecosystems, proactive policies, and trade facilitation solutions and initiatives to reduce cost, time and requirements, simplifying procedures and enabling seamless integration of government declarations for 2024 showed a three percent increase compared to the previous year, with digital platform transactions growing by 17 percent. Proactive and automated transactions grew by 31 percent, accounting for a significant portion of total customs General of Abu Dhabi Customs, His Excellency Rashed Lahej Al Mansoori, emphasised that Abu Dhabi continues to achieve significant growth in non-oil foreign trade, reinforcing the emirate's status as a rising economic powerhouse and a global hub for business, trade and Excellency Al Mansoori affirmed Abu Dhabi Customs' commitment to working closely with strategic partners to support the emirate's economic objectives and facilitate trade growth. This includes enhancing the efficiency of the customs system and providing effective services to companies and investors through cutting-edge technologies and innovations, thereby reducing costs and accelerating operations. These efforts strengthen the national economy and support the UAE's sustainable development journey. Director General of the Statistics Centre – Abu Dhabi, His Excellency Abdulla Gharib Al Qemzi, said, "Abu Dhabi Customs, in collaboration with the Statistics Centre – Abu Dhabi, plays a crucial role in analysing foreign trade trends and assessing the impact of economic policies. By leveraging accurate and reliable trade data, we enable decision-makers to develop policies that support sustainable economic growth and align with the emirate's long-term vision. The latest foreign trade figures reflect the effectiveness of these policies, with Abu Dhabi's non-oil economy growing by 6.2 per cent in 2024. This growth highlights the emirate's resilience in adapting to global challenges and reinforces its position as a dynamic economic hub."
The National
29-03-2025
- Business
- The National
Abu Dhabi economy expanded by 3.8% in 2024 on non-oil boost
Abu Dhabi's economy expanded by 3.8 per cent annually in 2024 to reach an all-time high value of Dh1.2 trillion as the emirate's non-oil sector continued to grow amid its diversification push. The emirate's non-oil sector during the 12-month period grew 6.2 per cent to Dh644.3 billion, marking its highest annual contribution yet to the total gross domestic product at 54.7 per cent, Wam reported on Friday, quoting data from the Statistics Centre – Abu Dhabi. Sectors including manufacturing, construction, finance and insurance, information and communication, wholesale and retail trade, education and health achieved their highest-ever growth values, 'reflecting the emirate's commitment to industrial development, infrastructure investment and human capital enhancement', the report said. Abu Dhabi has continued its shift away from oil and has taken several measures to attract international investors, boost its competitiveness and improve the ease of conducting business. In 2022, the emirate launched an industrial strategy to improve the contribution of the sector to the economy, by investing Dh10 billion across six programmes to more than double the emirate's manufacturing to Dh172 billion by 2031. Abu Dhabi also plans to boost the tourism sector's contribution to its GDP to 12 per cent by 2030, from 5 per cent in 2023. It has also laid out long-term strategies to further develop sectors including aviation and technology, with new investments in artificial intelligence. The record-breaking growth 'further enhances Abu Dhabi's status as a rising economic powerhouse and a premier destination for global talent, high-value investments, and world-class enterprises', Ahmed Al Zaabi, chairman of the Abu Dhabi Department of Economic Development, said. 'We are future-proofing Abu Dhabi's economy that drive industrial transformation, stimulate sustainable growth and reshape tomorrow's economy.' The manufacturing sector grew by 2.7 per cent annually last year, contributing 9.5 per cent to the total GDP, while the construction sector expanded by 11.3 per cent with a 9.1 per cent contribution and financial and insurance sector by 10.7 per cent, with its contribution at 6.6 per cent of the total GDP. The information and communication sector, meanwhile, grew by 6.6 per cent year-on-year to reach a record value of Dh32.2 billion and contributing 2.2 per cent to Abu Dhabi's total GDP in 2024. The transportation and storage sector achieved the highest growth rate among all industries last year at 16.9 per cent, driven by infrastructure investments, logistics advancements and increased trade activity, the report said. The sector's contribution to Abu Dhabi's economy stands at 2.4 per cent with a total value of Dh27.8 billion. The real estate sector grew by 4.2 per cent in 2024, amid continued demand. In the fourth quarter of 2024, Abu Dhabi's GDP expanded by 4.4 per cent, while non-oil GDP expanded by 6.6 per cent, maintaining its record-high contribution of 54.7 per cent to the total GDP, according to the report.
