Abu Dhabi : The UAE’s non-oil foreign trade has recorded a significant 18.6% growth in the first quarter of 2024, reaching AED 835 billion, far surpassing the global average growth rate of just 2–3%.
Key highlights from the trade performance:
Over the past two years, the UAE’s total foreign trade has climbed to AED 4 trillion. The country’s GDP is expected to grow by 4% in 2024, reaching AED 1.77 trillion.
Officials also stated that the UAE is on track to achieve its ambitious goal of AED 4 trillion in non-oil trade by 2031, possibly within the next two years, well ahead of schedule.
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