Abu Dhabi has seen non-oil activities bulge as sectors contribute 52.8% of the economy.
Abu Dhabi, a key economic hub, has witnessed a remarkable surge in non-oil activities, playing a pivotal role in contributing 52.8 percent to the emirate’s economy.
Statistics Centre – Abu Dhabi (SCAD) reports a substantial 7.7 percent growth in non-oil GDP during the third quarter of 2023 compared to the same period in the previous year.
Fostering Economic Diversity
The impressive growth in real non-oil GDP underscores the success of Abu Dhabi’s comprehensive strategy.
This strategy is designed to solidify the emirate’s position as a robust economic powerhouse. By diversifying beyond traditional oil sectors, Abu Dhabi has actively pursued avenues to stimulate and support non-oil industries, resulting in a notable economic upsurge.
A Strategic Transformation
The significant expansion in non-oil activities aligns with Abu Dhabi’s concerted efforts to reduce reliance on oil revenues.
This strategic transformation aims to foster a more resilient and diversified economy, ensuring sustainable growth and stability.
Abu Dhabi’s success in bolstering its non-oil sectors signifies a shift toward a more balanced and resilient economic landscape.
This growth trajectory reflects not only the efficacy of strategic planning but also the commitment to creating a dynamic and multifaceted economy that can weather various economic challenges.
