Cover of The Report: Dubai 2018

The Report: Dubai 2018

Dubai saw steady GDP growth of 2.8% in 2017 and this is expected to reach 3.2% in 2018, with an increased drive towards consolidating its position as a knowledge-based economy. The emirate is among the most diversified in the region, thanks to factors such as a highly attractive business environment that has brought in large amounts of foreign investment.

With one of the most diversified economies in the Middle East, Dubai’s attractive investment environment and broad-based economy – which in 2016 contributed 37.2% to the UAE’s total non-oil GDP – continues to attract major international investors. Growth is being underpinned by the authorities’ vision as laid out in the Dubai 2021 strategy, with various sectors including wholesale and retail trade, transport, storage, manufacturing and financial services all contributing to the plan’s stated aims of achieving resilient and sustainable economic growth. Increased government investment across all sectors and the continued infrastructure spending related to Dubai Expo 2020 point to strong economic growth in Dubai in coming years.

 

OBG & UAE: Dubai