{"id":39883,"date":"2019-07-24T10:05:52","date_gmt":"2019-07-24T08:05:52","guid":{"rendered":"https:\/\/csregypt.com\/?p=39883"},"modified":"2019-07-22T18:18:03","modified_gmt":"2019-07-22T16:18:03","slug":"five-key-sectors-pump-aed-8-6-bn-into-dubais-gva","status":"publish","type":"post","link":"https:\/\/csregypt.com\/en\/five-key-sectors-pump-aed-8-6-bn-into-dubais-gva\/","title":{"rendered":"Five key sectors pump AED 8.6 bn into Dubai&#8217;s GVA"},"content":{"rendered":"<div style=\"direction: ltr;\">Five key industry sectors dominated in 2018 \u2013 Food, Hotel and Catering; Healthcare, Medical and Science; Information Technology (IT), Business and Finance; Energy and Environment; and Industrial Manufacturing \u2013 accounting for 66% (AED 8.6 billion) of the Gross Value Added (GVA) to Dubai\u2019s economy, according to the Dubai World Trade Center\u2019s latest Economic Impact Assessment report for 2018.<\/div>\n<div><\/div>\n<div style=\"direction: ltr;\">This not only indicates the success of the UAE&#8217;s National Innovation Strategy in guiding the nation\u2019s economic diversification efforts, but also demonstrates the strength of DWTC\u2019s dynamic portfolio. The stellar performance of MICE events hosted within these industries, have also largely supported in making the UAE\u2019s economy more competitive and resilient to global headwinds.<\/div>\n<div><\/div>\n<div style=\"direction: ltr;\">The report estimates that these five sectors attracted 62% (1.6 million) of all attendees to DWTC\u2019s 97 large-scale events in 2018, with 66% of all international participants similarly being drawn from the same sectors, thereby building on Dubai\u2019s reputation as an attractive destination as well as one that is primed for business and conducive to foreign investment.<\/div>\n<div><\/div>\n<div style=\"direction: ltr;\">Food, Hotel and Catering remained the top performing sector with 46% international participation and AED 2.7 billion in GVA representing a 41% growth over 2017; followed by the Healthcare, Medical and Science sector with 49% international participation at 18 events which contributed AED 2.5 billion in GVA, marking a 7% increase since 2017. The IT, Business and Finance sector contributed AED 1.7 billion in GVA \u2013 a 75% increase over 2017 \u2013 with 32% international attendance; followed by the Energy and Environment sector which saw 48% of international participation with AED 900 million in GVA. Of all five sectors, Industrial Manufacturing witnessed the fastest growth in contribution with AED 800 million of GVA, doubling its 2017 figure while attracting 50% in international attendance.<\/div>\n<div><\/div>\n<div style=\"direction: ltr;\">\u201cDWTC\u2019s robust portfolio and content-enriched calendar has evolved tremendously to feature innovative business events spanning the key priority verticals outlined in the UAE National Innovation Strategy. Through our diversification strategy and the development of increasingly bold methods to host large-scale events, we have leveraged Dubai\u2019s strategic positioning as an international hub for business and trade enablement. This has allowed us to effectively attract higher volumes of international business visitors, which in turn has had a positive impact on Dubai\u2019s GDP,\u201d said Helal Saeed Almarri, Director General, Dubai World Trade Center Authority and Dubai Department of Tourism and Commerce Marketing.<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Five key industry sectors dominated in 2018 \u2013 Food, Hotel and Catering; Healthcare, Medical and Science; Information Technology (IT), Business and Finance; Energy and Environment; and Industrial Manufacturing \u2013 accounting for 66% (AED 8.6 billion) of the Gross Value Added (GVA) to Dubai\u2019s economy, according to the Dubai World Trade Center\u2019s latest Economic Impact Assessment [&hellip;]<\/p>\n","protected":false},"author":410,"featured_media":39884,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6098,984,6030],"tags":[6456,6457,6336],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - 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