UAE Business Leaders Signal Non-Oil Sector Expansion as Union Day Starts

United Arab Emirates business leaders and executives across the private sector have issued public statements to mark the 53rd UAE Union Day, detailing growth projections and local investment strategies. The collective address from chief executives in retail, aviation, and technology sectors focuses on the country’s current economic stability and non-oil sector expansion. Non-Oil Sector Growth Trends Leaders from major UAE-based conglomerates reported that increased foreign direct investment and digital transformation initiatives remain the primary drivers of corporate performance in 2024. Data from the Ministry of Economy continues to show robust growth in the non-oil sector, which now contributes over 70% to the national GDP. Business titans highlighted that institutional agility has allowed UAE firms to navigate global supply chain fluctuations effectively. The private sector remains a critical partner in the UAE’s transition toward an AI-driven economy. Executives noted that the integration of advanced technologies within logistics and financial services has reduced operational costs and improved regional competitiveness. Several manufacturing heads confirmed plans to expand…