Abu Dhabi’s economy grew by 4.1% in the second quarter of 2024 supported by strong growth in the non-oil sector which expanded by 6.6%. The emirate's economic output reached Dh297 billion ($80.87 billion) reflecting the success of its diversification efforts. Non-oil sectors now make up over 55.2% of the economy, the highest since 2014.

In H1 2024, Abu Dhabi’s GDP increased by 3.7% driven largely by non-oil industries which grew 5.7% year-on-year. Key sectors such as construction, manufacturing, finance and real estate showed impressive performance.

• Construction activities grew 11.5% contributing Dh27.5 billion to the GDP

• Manufacturing sector rose by 2.6%, reaching Dh26.8 billion

• Finance and insurance sector saw a 13.4% increase, adding Dh22 billion to the economy

• Real estate sector expanded by 5.5%

The emirate has also focused on developing advanced industries like life sciences, artificial intelligence and manufacturing as well as expanding the Abu Dhabi Global Market, a leading financial hub. Abu Dhabi’s long-term strategy is to diversify away from oil dependence, positioning itself as a global economic powerhouse and attracting talent, businesses and investment.

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