Latest news with #StatisticsCentre–
Dubai Eye
a day 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
ARN News Center
2 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
Al Etihad
3 days ago
- Business
- Al Etihad
Hotel revenues in Abu Dhabi reach Dh847 million in April 2025
2 July 2025 17:01 ABU DHABI (WAM)Hotel establishments in Abu Dhabi generated revenues amounting to Dh847 million in April 2025, comprising Dh540 million from rooms, Dh256 million from food and beverage, and Dh51 million from other to preliminary data released by the Department of Culture and Tourism – Abu Dhabi and issued by the Statistics Centre – Abu Dhabi, hotels across the emirate welcomed approximately 531,000 guests in March figures underscore Abu Dhabi's growing appeal as a global tourism destination, supported by a diverse range of accommodation options and elevated service standards.A total of 172 hotel establishments were in operation during the month, offering 34,383 hotel rooms. The total number of guest nights exceeded 1.52 million, with an average occupancy rate of 87 percent. The average revenue per available room reached from non-Arab Asian countries topped the list with 149,000 hotel guests, followed by European visitors with 148,000, and UAE nationals with 97,000. The figures highlight sustained growth in the emirate's tourism sector and reinforce its status as a preferred destination for international category, five-star hotels received the highest number of guests with 265,000, led by 95,000 European visitors. Four-star hotels hosted 143,000 guests, while hotels rated three stars or below received 63,000 guests. Additionally, 61,000 guests stayed in hotel apartments.
