UAE’s economic indicators strong despite global slowdown, says top official

UAE’s economic indicators strong despite global slowdown, says top official

the emirate’s newly-launched initiative D33 will target key strategic sectors such as manufacturing, logistics, tourism, digitalisation and financial, says Helal Saeed Al Marri, director-general of Dubai’s Department of Economy and Tourism

Helal Saeed Al Marri, director-general of Dubai’s Department of Economy and Tourism, said GDP growth was strong in 2022 and it will continue this year.

Published: Mon 23 Jan 2023, 5:38 PM

The UAE’s, especially Dubai, all economic sectors are growing strong amid slowdown in global economy, said a senior official on Monday.

“GDP growth was strong in 2022 and it will continue this year. Trade was a very positive indicator and all this comes in the context of an overall slowdown in the global economy. Tourism went from strengthening and reaching almost pre-pandemic levels. The financial sector grew with a record year for Dubai International Financial Centre with many financial institutions choosing Dubai as their home,” Helal Saeed Al Marri, director-general of Dubai’s Department of Economy and Tourism, said during the opening remarks of the Mena IPO Summit.

He said the emirate’s newly-launched initiative D33 will target key strategic sectors such as manufacturing, logistics, tourism, digitalisation and financial.

The Dubai Economic Agenda “D33” specifies combined economic targets of Dh32 trillion by 2033 to consolidate