UAE Economy Surges by 3.3% in 2023

The United Arab Emirates (UAE) is celebrating a significant milestone as its economy records a remarkable 3.3% growth in the first nine months of 2023. 

This growth, outlined in preliminary GDP data from the Federal Competitiveness and Statistics Centre, underscores the nation's commitment to diversifying its economy away from oil dependence. 

Non-oil sectors, contributing approximately 74% of the GDP, experienced a robust surge of 5.9%. With sectors like financial services and construction leading the charge, the UAE's economic resilience and strategic vision are evident, positioning the country as a beacon of innovation and opportunity in the global landscape.