The Organization of the Petroleum Exporting Countries (OPEC) revealed in its annual report that the UAE’s economic growth will continue in 2025, as evidenced by Abu Dhabi’s 3.4 percent year-on-year growth in the first quarter.
The non-oil sector maintained strong momentum, expanding by 6.1 percent year-on-year in the first quarter. The manufacturing sector — representing about 17 percent of the non-oil economy — grew by 5 percent year-on-year, up from 0.6 percent in the last quarter of 2024. Meanwhile, construction grew by 10.2 percent.
According to OPEC, growth in the financial and insurance sector — accounting for about 12 percent of the non-oil economy — accelerated to 9.1 percent, up from 6 percent in the previous quarter.
Source (Al-Khaleej UAE Newspaper, Edited)
