UAE Non-Oil Business Activity Surges to Nine-Month High in December

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 The United Arab Emirates' non-oil private sector recorded its fastest expansion in nine months in December 2024, buoyed by strong domestic demand and increased business activity, according to the latest S&P Global Purchasing Managers’ Index (PMI) report. PMI Highlights Robust Growth The seasonally adjusted UAE PMI climbed to 55.4 in December from 54.2 in November, signaling robust growth well above the 50.0 threshold that separates expansion from contraction. This marked the third consecutive monthly increase, underscoring sustained recovery in the non-oil sector. Key drivers of growth included a notable rise in new business activity. The new orders subindex rose sharply to 59.3 in December from 58.0 in the previous month, reflecting strong domestic demand. Challenges Amid the Growth While domestic demand flourished, export growth slowed, with the export orders subindex dropping to a seven-month low. Additionally, businesses faced mounting backlogs due to capacity constraints,...
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Driving Economic Diversification in Abu Dhabi: Family-Owned Enterprises and the Private Sector

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Abu dhabi

Over the past eight years, Abu Dhabi's private sector has experienced a stunning 35% expansion, positioning it as a significant driver of economic growth. This expansion has accelerated the emirate's non-oil economy, bringing the sector's worth to around Dh339 billion ($92 billion) in 2023.


The Abu Dhabi Department of Economic Development reports that the GDP (gross domestic product) of the city is growing in tandem with the rise of the private sector. Supported by family-run companies and the private sector, the non-oil industry grew at a strong annual pace of 9.1%, reaching Dh610 billion in 2023. As of right present, this industry makes up 53.4% of the real GDP of the emirate.


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