Outside of these sectors, there are several others that displayed robust growth in Q2, while playing a smaller role in the aggregate. These were overwhelmingly service-oriented, reflecting Abu Dhabi’s diversification into knowledge and services-based activities.
A variety of policy reforms, including 100% foreign ownership in most sectors, long-term residency programs, and digitizing government services to streamline operations, have all contributed to the rise in non-oil GDP activity.
Building on this strong year-to-date performance and considering the anticipated acceleration in oil sector output, we expect the UAE to see aggregate GDP growth of 4.8% in 2025, with non-oil sectors growing 4.7% and the oil sector seeing a sharp acceleration to 5.0% growth. We expect the economy to grow further into 2026 at 4.6%.