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UAE Reports 67% of 2031 Targets Met as Non-Oil Economy Expands

Officials say a pivot to advanced manufacturing with heavy AI investment will close remaining gaps before 2031.

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Dr Sultan Al Jaber, Minister of Industry and Advanced Technology, said the UAE will develop new industries in a changing world. Photo: Adnoc

Overview

  • At the UAE Government Annual Meetings, ministers said two-thirds of 'We the UAE 2031' goals are achieved and called for an acceleration in 2026 to stay on track.
  • The non-oil share of GDP reached 77.5% in the first half of 2025 with a goal of 80% by 2031, supported by an IMF growth projection of 4.8% for 2025 and nearly Dh3 trillion in non-oil trade in 2024 including 24.5% growth in the first half of 2025.
  • Industry metrics highlighted Dh190 billion in 2024 GDP contribution, a 62% rise since 2020, and Dh197 billion in industrial exports on the way to a Dh300 billion target by 2031.
  • Policy plans outlined a shift to smart manufacturing across renewables, semiconductors, AI infrastructure, energy storage batteries and electric vehicles, backed by In-Country Value spending redirected into the economy and new financing from Emirates Development Bank.
  • AI initiatives included Dh543 billion invested since 2024 and more than 450,000 programmers, with officials citing a Microsoft report on workplace AI adoption and BCG data placing the UAE among the top destinations for AI talent.