24.05.2024 – 17:34
Dubai World Trade Center
Dubai, UAE (ots/PRNewswire)
Das Dubai World Trade Center ( DWTC), a world chief within the occasions and exhibitions trade, additionally demonstrated a major impression on Dubai’s financial system in 2023 by welcoming 2.47 million contributors and internet hosting 301 occasions, together with 76 main occasions, attracting 1.54 million guests, 46% of whom got here from . abroad.
The DWTC Economic Impact Assessment Report for 2023, based mostly on 76 main occasions (2000 or extra contributors), discovered a dramatic improve in whole financial impression to $4.98 billion, a formidable 40% improve in comparison with final 12 months it means that there’s a increased return on the adjoining industries. equivalent to journey and lodging and retail, linked to the MICE (Meetings Incentives Conferences and Exhibitions) ecosystem.
DWTC’s main occasions contributed considerably to Dubai’s GDP with a complete worth added of US$2.87 billion, accounting for a formidable 58% of the area’s whole financial output. International participation elevated by 53%, with abroad guests contributing 6.2 instances greater than home guests.
DWTC occasions created 69,281 jobs, offering city residents with $915 million in family earnings. The important financial impression of those occasions goes past producing direct earnings, selling socio-economic growth and contributing to Dubai’s standing as a number one world enterprise vacation spot.
Honorable Helal Saeed Almarri, Director General of DWTC Authority, stated: “In line with Dubai’s D33 financial agenda, we proceed our diversification efforts, strengthening town’s place as a number one world financial hub. The outstanding achievements of 2023 introduced within the DWTC Economic Impact Assessment report” present that the sector of MICE in Dubai. , run by DWTC, stays a key pillar of monetary stability and development, underscoring our speedy steps in direction of sustainable social and financial growth. The improve in worldwide participation and the numerous financial impression achieved throughout sectors equivalent to journey, lodging and retail underline town’s unwavering dedication to the event of enterprise tourism.
The portfolio of essential occasions of this space is effectively aligned with the financial priorities of Dubai, with essential contributions to healthcare, drugs and science, data know-how (IT), and meals, motels and eating places. These main sectors collectively contributed 59% ($1.71 billion) to the GVA of Dubai’s financial system and accounted for 49% (747,468) of attendees on the fundamental occasion.
Related sectors equivalent to motels, air transport and native transport skilled a major improve in financial exercise. The internet earnings obtained from the spending was about 2.94 billion.
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Original content material from: Dubai World Trade Center, broadcast by information aktuell