Media ININ Economy We Trust
Media in – Dubai 9 June 2018 / WAM /
Events at the Dubai World Trade Center (DWTC) in 2017 set a new record, with the remainder of Dubai’s economy at AED 12.7 billion, equivalent to 3.3 per cent of the emirate’s 2017 GDP.
An economic impact assessment report by the Dubai World Trade Center (DWTC) estimated the economic output of major events at 22.5 billion dirhams, up 8 percent from 2015. The report also estimated that 57 percent of spending spent by DWTC remained in the economy Which reflects the strength of Dubai’s events sector.
The report highlighted the significant sales achieved by the sector in 2017 as a result of the expenditure related to participation in major events, which led to an increase in the value of the economy of Dubai by 4.3 times .. Every thousand dirhams spent in the effectiveness of the activities of Dubai World Trade Center achieved 4 thousand and 300 AED in the economy of Dubai in 2017.
Dubai World Trade Center (DWTC) continued to lead events in the region in 2017 and hosted 103 major events with 2.63 million participants, including 1.1 million from outside the country. Major events were the focus of this report, These events underscored their ability to sustainably develop and their ability to attract a diverse audience of local and international markets and their benefits for higher growth and greater economic impact.
The total economic output of Dubai World Trade Center (DWTC) was 22.5 billion dirhams, of which 16 billion were directly realized by participants’ spending in related sectors such as travel, tourism, hotels, hospitality and entertainment
