Dubai s Q1 gross domestic product (GDP) rose by 2.8% YoY to AED 111.3bn ($30.3bn), propelled by a 48% growth in the transportation and storage sector, according to figures released on Tuesday. The financial and insurance sector and trade followed as the next largest contributors at 15% and 10% respectively. The growth comes as the city hopes to double the size of its economy over the next decade under its D33 plan to become a major global financial hub.
Dubai's Economy Grows 2.8% To Dh111.3 Billion menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
Dubai’s real gross domestic product grew 2.8% y-o-y in the first quarter to hit AED111.3 billion ($30 billion) surpassing average global growth rates led by the biggest contributors transportation and storage sectors followed by the financial and insuranc
DIFC Courts logs record AED15bn in claims value in H1'23 bignewsnetwork.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bignewsnetwork.com Daily Mail and Mail on Sunday newspapers.