Dubai economy to grow 3.5% in 2018

Total number of active businesses in Dubai in 2017 reached 148,842
Dubai, Dubai economy, Dubai government, Economic growth, FDI, Investment, Ministry of Economy

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Dubai Government expects its AED376.8 billion ($102.67 billion) economy to grow at a rate of 3.5% in 2018, according to latest statistics from the Ministry of Economy. 

Total FDI into Dubai stood at AED270.8 billion ($73.7 billion) between 2011 and 2015 and in 2016, the emirate ranked 7th among the leading cities of the world attracting AED25.5 billion ($6.9 billion) in FDI. Dubai's FDI receipts are expected to recover in 2017-2018, according to a recent report by Dubai Economy. 19,877 new trade licenses were issued in the city in 2017, increasing the number of active businesses  to 148,842. 

Dawood Al Shezawi, CEO of Annual Investment Meeting Organising Committee, said: “Dubai remains a shining example of what a city could achieve through economic vision and by attracting foreign investment.

 “As we inch closer to the forthcoming AIM hosted by Dubai, more and more public policymakers and international investors will take notice of Dubai’s business model and its success stories to help build other economies.”

The eighth edition of the Annual Investment Meeting (AIM) will be held at the Dubai World Trade Centre from April 9-11, 2018. The theme is Linking Developed and Emerging Markets through FDI: Partnerships for Inclusive Growth & Sustainable Development’.

 

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