UAE's economic expansion soars at 3.8%, anticipates 6% growth in 2023

Posted on September 22, 2023   |  

UAE's economy witnessed a 3.8% growth in H1 2023, with a targeted 6% growth rate for the year.

The government's aspirations include doubling the GDP to $820 billion by 2031 from its current AED 1.5 trillion level.

The commendable growth observed in 2023 primarily stems from the stellar performance of the non-oil sector, expanding by approximately 4.5% during the first half.

UAE's economic progress aligns with its ambitious long-term objectives, signifying a promising future.