Dubai continues to reinforce its position as a major global economic hub

27.11.2023 - 09:47 / traveldailynews.com / Rashid Al-Maktoum / Theodore Koumelis

The city of Dubai has reinforced its position as a major global tourism with its impressive H1 visitor results recently announced from Dubai’s Department of Economy and Tourism (DET) and Crown Prince and Chairman of The Executive Council Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum.

Government of Dubai Media Office: His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council, said Dubai continues to reinforce its position as a major global economic hub, guided by the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.

Driven by HH Sheikh Mohammed’s visionary strategy to enhance sustainable economic growth and raise global competitiveness, Dubai has emerged as one of the world’s safest and most attractive cities to live, visit and work.

Reviewing a report on Dubai’s economic progress in the first half of 2023, HH Sheikh Hamdan bin Mohammed said: “Our economic accomplishments, as well as our future goals, have been shaped by rigorous strategic planning, the exemplary efforts of our institutions, and our remarkable resilience and adeptness in navigating global challenges and the rapidly evolving economic environment. Such accomplishments are testament to the trust placed by major investors, international institutions and business leaders in Dubai.

“Dubai’s economic performance indicators for the first half of 2023 have exceeded expectations. These exceptional results bolster our outlook for record results in the coming months. We look forward to a new, strong beginning in 2024, during which we seek to further enhance the business environment and accelerate economic growth in order to contribute to the goals of Dubai Economic Agenda D33,” he added.

“Dubai further consolidated its status as the world’s leading tourist destination in the first half of 2023. We welcomed more than 8.5 million international visitors in the first six months of the year while Dubai Financial Market (DFM)-listed companies recorded a total market value of AED652 billion. Dubai also strengthened its status as one of the world’s top three hubs for wealth owners, and one of the fastest-recovering cities since the COVID-19 pandemic. We are very proud of what we have achieved so far this year, and the confidence that we have inspired in the global community,” he further said.

Global role model
Dubai’s economy recorded strong growth across various sectors in the first half of 2023, supporting the objectives of the Dubai Economic Agenda D33 and HH Sheikh Mohammed bin Rashid’s vision to make Dubai a global role model for economic resilience, growth, diversification and prosperity.

Leading the charts