In comparison to the same time last year, Dubai’s economy expanded by 3.2% in the first quarter of this year, resulting in a GDP of Dh115 billion for the emirate.
“Dubai’s desire is boundless, and its example of overcoming adversity will stay a good example for urban communities wishing to make a promising future for their approaching ages,” said Sheik Hamdan canister Mohammed container Rashid Al Maktoum, Crown Sovereign of Dubai, Representative Prime Endlessly pastor of Safeguard of the UAE, and Director of The Chief Chamber of Dubai.
He stated that the objective is to “sustain success and establish a culture of excellence and leadership” throughout the emirate’s various sectors. The first quarter of the year’s growth is similar to the success story of 2023, when GDP reached approximately Dh429 billion, an increase of 3.3% from the figure of approximately Dh415 billion in 2022.
From transportation and storage to food services and real estate, the numbers indicate that Dubai is expanding rapidly across all industries. This is the way every area has filled in the primary quarter of the year: Sector of transportation and storage: 5.6%, or Dh15.4 billion Sector of financial and insurance activities: 5.6%, or Dh15.1 billion Discount and retail exchange area: 3%, adding up to Dh26.3 billion (the top Gross domestic product patron at 22.9%) Sector of information and communication: 3.9%, or Dh5.1 billion Sector of hospitality and food services: 3.8 percent, or Dh4.7 billion Sector of real estate: 3.7%, or Dh8.4 billion Utilities and waste administration: 7.5%. adding up to Dh3.2 billion Sector of manufacturing: 1.6%, or Dh8.4 billion Different exercises: 0.46%
According to Sheikh Hamdan, the achievements of the emirate demonstrate the collaborative efforts and cooperation of a variety of stakeholders in achieving the goals of the emirate’s comprehensive development plans for 2033, particularly the Dubai economic Agenda (D33) and the Dubai Social Agenda 2033.
The Crown Prince stated, “Dubai is progressing in accordance with a clear vision whose foundations and goals were laid down by Sheikh Mohammed bin Rashid Al Maktoum.” “What we see today is a practical reflection of this vision, which has made Dubai one of the world’s leading economic and commercial centers,”
