The economy of Dubai demonstrated growth of 3.1% in the first nine months of 2024. The data on the growth of total trade and tourism indicate a restoration of the regional economy after the COVID-19 pandemic.
Overall, the trade volume of Dubai increased by 5% due to the increase in volumes of non-oil exports, while processing was boosted by active development of high technologies and the digital sector of the economy.
"Our results for the first nine months of the year testify to the stable growth of Dubai's economy, which restores our confidence in long-term sustainability and resilience of the regional market," noted the representative of the local authorities.
Indicators in the tourism sector also turned out to be impressive, with an increase in the number of visitors by 7%. Stable infrastructure development and hosting major events help attract more foreign tourists to the region.
"We continue to invest in a variety of sectors to ensure sustainable growth of our economy and the development of Dubai as a global business, tourism, and innovation center," the authorities of the emirate emphasized.
