UAE Economy to Expand 6.2% in 2025 as Non-Oil Sector Resilience Grows

The UAE economy is projected to expand by 6.2% in 2025, a significant acceleration driven by the sustained performance of non-oil sectors and an anticipated increase in crude production. The Central Bank of the UAE (CBUAE) maintains that the diversification strategy continues to insulate the national GDP from global price volatility. Non-Oil Sector Performance Non-oil real GDP is expected to maintain a growth rate of 5.3% through 2025. This expansion is supported by high-performing industries including financial services, insurance, and construction. Real estate and transport logistics also contributed heavily to the quarterly data, as the country continues to attract foreign direct investment and high-net-worth individuals. In the first half of 2024, the non-oil sector already demonstrated resilience, with the tourism and hospitality industries reporting record occupancy levels. Financial analysts point to the Comprehensive Economic Partnership Agreements (CEPAs) signed with global partners as a primary catalyst for increased trade volumes entering 2025. Hydrocarbon Contribution and Fiscal Stability The oil sector is forecast to grow by 9.4% in 2025, according to latest…