UAE Business: Gitex Global generates $698m in economic output – Gulf Digital News

UAE Business: Gitex Global generates $698m in economic output – Gulf Digital News

Gitex Global 2022, held last October in Dubai, has achieved record-breaking results in generating AED2.6 billion ($698 million) worth of total economic output, with 57% (AED1.4 billion, $394 million) retained in Dubai’s economy, according to an Economic Impact Assessment Report.

Gitex Global 2022 attracted more than 170,000 attendees, 40% (68,000) of which were international. The 42nd edition of the world’s largest tech show, which took place at Dubai World Trade Centre (DWTC), was estimated to support 9,600 jobs generating disposable household income of AED463 million ($126 million), a 55% increase from 2019.

Omar Sultan Al Olama, Minister of State of Artificial Intelligence, Digital Economy and Remote Work Applications, and Chairman of Dubai Chamber of Digital Economy, said that the UAE is moving forward towards new futuristic horizons, under the directives of its wise leadership, leading to new summits of growth and comprehensive sustainable development.

He added that the UAE is pioneering the pivotal sectors of tomorrow’s economy to continue its development path including artificial intelligence, digital transformation, knowledge economy, and the 4th industrial revolution, among others, propelled by its proactive strategies that consolidates its status as a global economic hub

He further emphasized the importance of organizing GITEX Global 2022, and its remarkable success