Dubai continues economic surge, says H.H. Sheikh Hamdan

Dubai has continued its economic surge, with its GDP growing by 3.3 per cent in the first nine months of 2023.

In a post on X, His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, said the latest growth figures show that Dubai is progressing steadily towards achieving the goal of the Dubai Economy Agenda D33, launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and the Ruler of Dubai.

That is for to Dubai to transform into one of the world's top three urban economies over the next decade.

From bustling tourism hubs to tech-powered communications networks, Dubai's economic landscape illustrates the depth and wide-ranging nature of its diversification.

Accommodation and food services activities witnessed an 11.1 per cent growth, solidifying Dubai's position as a global tourism leader.

Transportation and storage services followed suit, surging by 10.9 per cent, highlighting the emirate's role as a prominent international logistics hub.

The information and communications sector, with a 4.4 per cent increase, underscores Dubai's commitment to embracing cutting-edge technologies and fostering a thriving knowledge economy. The multifaceted growth across diverse sectors provides further evidence of Dubai's economic stability and adaptability.

"Driven by the strategic vision of its leadership, Dubai has set an example for economic strength, resilience and innovation," Sheikh Hamdan said.

"With the dedicated efforts of our government teams and international business partners, we look forward to achieving many more milestones in 2024."

Dubai continues its economic surge, with its GDP growing by 3.3% in the first nine months of 2023. The latest growth figures show that Dubai is progressing steadily towards achieving the goal of the Dubai Economy Agenda D33, launched by @HHShkMohd, to transform itself into one of… pic.twitter.com/r6IFFnPyhP

— Hamdan bin Mohammed (@HamdanMohammed) January 21, 2024