UAE Central Bank projects 2027 economic growth

The Central Bank of the UAE has raised its forecast for the country's real GDP growth in 2027 to 10.4%, supported by increased oil production and continued strong growth in non-oil sectors. Data also showed an acceleration in non-oil economic growth, reaching approximately 4.9% in the same year, with the financial and construction sectors growing by 17.3% and 8.1%, respectively, in the first quarter of 2026. The banking sector recorded an increase in assets by 1.3% to 5.74 trillion dirhams, along with growth in credit and deposits. These indicators reinforce the UAE's ability to achieve sustainable growth and diversify its economic income sources.

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