Dubai’s economy grows 3.2% in H1 2023

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16-Oct-2023

Dubai’s economy witnessed a growth of 3.2 per cent in H1 2023, compared to the same period last year. The economy’s total value has reached Dhs223.8bn, reported Dubai Media Office. The emirate’s positive economic performance was driven by remarkable growth in sectors such as transportation, wholesale and retail trade, financial and insurance, accommodation and food services, real estate, information and communication and manufacturing. These sectors collectively contributed to approximately 93.9 per cent of H1 growth, with the transportation and storage sector leading with 42.8 per cent, followed by trade at 12.9 per cent, and the financial and insurance activities sector at 9.9 per cent, according to figures released by the Dubai Data and Statistics Establishment, one of the entities under the Digital Dubai umbrella.

 

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