The World Bank has projected that the UAE's economic growth will continue on an upward trajectory, reaching 4.6 percent in 2025 and stabilising at 4.9 percent during 2026 and 2027.

The World Bank confirmed that the UAE’s non-oil sectors continue to play a key role as a main driver of growth, with an expected growth rate of 4.9 percent in 2025.

According to the latest edition of the Gulf Economic Update (GEU) issued by the World Bank, which is based on information available as of 1st June, economic growth in the GCC countries is expected to rise in the medium term, reaching 3.2 percent in 2025 and 4.5 percent in 2026.

According to the World Bank, strong expansion in non-oil sectors is contributing to the growth achieved by Gulf economies.

According to the latest edition of the GEU, the region witnessed notable economic growth of 1.7 percent in 2024, compared to 0.3 percent in 2023.

The report noted that the non-oil sector continued to demonstrate its resilience, with a 3.7 percent increase. This growth was significantly driven by private consumption, investment, and structural reforms implemented in GCC countries.