Seventy six large-scale events at the Dubai World Trade Centre last year generated a total economic output of Dh18.3 billion ($5 billion), of which Dh10.53 billion was retained within the local economy, a report has found.
Business events hosted by the venue welcomed 1.54 million people, 46 per cent of those international – a 53 per cent year-on-year increase in foreign participation, the 2023 Economic Impact Assessment report found on Monday, adding that the total economic output surged 40 per cent annually.
“Dubai World Trade Centre stands as a symbol of innovation and economic advancement. Aligned with Dubai's Economic Agenda D33, we continue to spearhead sector diversification efforts, reinforcing the city’s stature as a leading global business hub,” said Helal Almarri, director general of DWTC Authority.
“Dubai’s MICE [meetings, incentives, conferences, and exhibition] sector, driven by DWTC, remains a vital pillar of financial resilience and growth underscoring our accelerated strides towards sustainable socio-economic development.”
The increase in “international participation, along with the significant economic impact generated across diverse sectors such as travel, accommodation and retail, highlights the city’s steadfast commitment to propelling business tourism”, he said.
Dubai, one of the main commercial, tourism and financial hubs in the Middle East, has maintained a robust growth momentum since the Covid-19 pandemic slowdown.
Dubai is pursuing its D33 economic growth agenda launched in January last year, which aims to increase the size of the economy to Dh32 trillion ($8.71 trillion) by 2033 and establish Dubai as one of the top three cities in the world.
The emirate has intensified its efforts to attract international business events that draw in top investors, entrepreneurs, policymakers, corporate executives, and start-ups.
Growth of the business tourism industry is also supported by robust economic momentum and tourism growth in the emirate.
Dubai recorded an 11 per cent increase in tourist numbers in the first quarter of the year as the emirate continued to benefit from a rebound in global travel demand.
Business activity in the emirate’s non-oil private sector economy grew at the fastest rate in almost four years in February, as continued economic momentum resulted in new orders and an improvement in employment rates.
Events at DWTC last year supported more than 69,000 jobs, yielding an increase in disposable household income of Dh3.36 billion, the DWTC report showed.
Hotels, air travel, local transport, retail, restaurants and business entertainment were the key sectors in the domestic economy that benefitted from the events.
One-off T20 International: UAE v Australia
When: Monday, October 22, 2pm start
Where: Abu Dhabi Cricket, Oval 1
Tickets: Admission is free
Australia squad: Aaron Finch (captain), Mitch Marsh, Alex Carey, Ashton Agar, Nathan Coulter-Nile, Chris Lynn, Nathan Lyon, Glenn Maxwell, Ben McDermott, Darcy Short, Billy Stanlake, Mitchell Starc, Andrew Tye, Adam Zampa, Peter Siddle
$1,000 award for 1,000 days on madrasa portal
Daily cash awards of $1,000 dollars will sweeten the Madrasa e-learning project by tempting more pupils to an education portal to deepen their understanding of math and sciences.
School children are required to watch an educational video each day and answer a question related to it. They then enter into a raffle draw for the $1,000 prize.
“We are targeting everyone who wants to learn. This will be $1,000 for 1,000 days so there will be a winner every day for 1,000 days,” said Sara Al Nuaimi, project manager of the Madrasa e-learning platform that was launched on Tuesday by the Vice President and Ruler of Dubai, to reach Arab pupils from kindergarten to grade 12 with educational videos.
“The objective of the Madrasa is to become the number one reference for all Arab students in the world. The 5,000 videos we have online is just the beginning, we have big ambitions. Today in the Arab world there are 50 million students. We want to reach everyone who is willing to learn.”
Liverpool's all-time goalscorers
Ian Rush 346
Roger Hunt 285
Mohamed Salah 250
Gordon Hodgson 241
Billy Liddell 228
KILLING OF QASSEM SULEIMANI
THE BIO
Ms Al Ameri likes the variety of her job, and the daily environmental challenges she is presented with.
Regular contact with wildlife is the most appealing part of her role at the Environment Agency Abu Dhabi.
She loves to explore new destinations and lives by her motto of being a voice in the world, and not an echo.
She is the youngest of three children, and has a brother and sister.
Her favourite book, Moby Dick by Herman Melville helped inspire her towards a career exploring the natural world.
What went into the film
25 visual effects (VFX) studios
2,150 VFX shots in a film with 2,500 shots
1,000 VFX artists
3,000 technicians
10 Concept artists, 25 3D designers
New sound technology, named 4D SRL
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The bio
Job: Coder, website designer and chief executive, Trinet solutions
School: Year 8 pupil at Elite English School in Abu Hail, Deira
Role Models: Mark Zuckerberg and Elon Musk
Dream City: San Francisco
Hometown: Dubai
City of birth: Thiruvilla, Kerala
GAC GS8 Specs
Engine: 2.0-litre 4cyl turbo
Power: 248hp at 5,200rpm
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Transmission: 8-speed auto
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Nancy 9 (Hassa Beek)
Nancy Ajram
(In2Musica)
Mohammed bin Zayed Majlis
Skoda Superb Specs
Engine: 2-litre TSI petrol
Power: 190hp
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Brief scores:
Everton 2
Walcott 21', Sigurdsson 51'
Tottenham 6
Son 27', 61', Alli 35', Kane 42', 74', Eriksen 48'
Man of the Match: Son Heung-min (Tottenham Hotspur)
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Our legal consultant
Name: Dr Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
