DWTC economic output surges to Dh18.3 billion in 2023

DWTC economic output surges to Dh18.3 billion in 2023

Visitors at the recent Arabian Travel Market held at the Dubai World Trade Centre. 2023’s results resulted in remarkable growth and higher spending across MICE business services and adjacent industry sectors. — File photo

Published: Mon 20 May 2024, 7:17 PM

Dubai World Trade Centre (DWTC) announced on Monday that it generated a total economic output of Dh18.28 billion from 76 large-scale exhibitions, international association conventions, and industry conferences (of the total 301 exhibitions and events) in 2023.

The gross value added (GVA) to Dubai’s GDP by these large-scale events amounted to Dh10.53 billion, representing 58 per cent of the total economic output being retained within the local economy, fostering 69,281 jobs and generating Dh3.36 billion in disposable income.

The 76 large-scale business events hosted, organised and delivered by DWTC attracted 1.54 million attendees, with 46 per cent being international attendees. This reflects a 53 per cent year-on-year increase in foreign attendance, further cementing Dubai’s growing dominance and heightened relevance in the increasingly borderless world of business. Beyond the impressive domestic economic implications of these statistics, activities at DWTC not only provided a platform for businesses and individuals to connect, collaborate, and innovate, but also facilitated wider trade and business output for the global