The Dubai World Trade Center achieves an economic outcome of 22.35 billion dirhams in 2024

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defense, and Chairman of the Executive Council of the Emirate of Dubai, confirmed that the continuous growth achieved by Dubai as a leading global destination to host major international events reflects the strength of its strategic vision for the future, and its permanent ability to create new paths of development and growth.

This came on the occasion of the announcement of the “Dubai World Trade Center” for exceptional results during the year 2024, added to the governorate’s gross domestic product through its distinguished global activities list.

His Highness praised the strong performance of the Dubai World Trade Center during the year 2024, and the results it achieved that reflects the importance of the events sector and Dubai pivotal role as a platform for meeting ideas, building partnerships and making future .. His Highness said: “The record performance of the Dubai World Trade Center confirms Dubai’s continuous ability to attract minds and leading companies from around the world, where it meets in Dubai to draw the features of the future within the various vital sectors .. This success is the fruit of investment in investment in Establishing an infrastructure with global specifications that meet the requirements of the future … and Dubai’s strong association with the world, and its incentive environment contributes to building bridges between the markets and stimulating the growth of the global economy”.

His Highness added: “The exhibitions and conferences sector is one of the main sectors in strengthening Dubai’s position as a global center for meeting ideas and building partnerships, and a major tributary of the tributaries of achieving the Dubai Economic Agenda targets. D33 … We continue to work to upgrade the capabilities of this vital sector to confirm the sustainability of its contribution as a basic pillar of a diverse economy led by innovation .. Dubai will remain a major destination for ideas, investment and entrepreneurship … and the city that turns opportunities into achievements, and vision into a positive and sustainable added value”.

With Dubai continuing its pursuit of the ambitious goals of the Dubai Economic Agency D33Which aims to consolidate the emirate’s position as one of the three best destinations in the world for tourism and business by 2033, the Dubai World Trade Center works as a strong catalyst to advance economic growth, and to enhance the global position of the emirate in the meeting, incentives, conferences, and exhibitions.

The annual report to evaluate the 2024 economic impact confirms the contribution of the Grand World Trade Center in the Dubai economy, by hosting 100 events that included major exhibitions, meetings of international societies and international conferences, an increase of 32% on an annual basis.

These major events attracted more than two million participants, and achieved a total economic product of 22.35 billion dirhams, while the economic value held within the GDP of the Emirate of Dubai amounted to 13.04 billion dirhams..

Commenting on these strong results, His Excellency Hilal Saeed Al -Murri, Director General of the Dubai World Trade Center Authority, said: “The results that we are witnessing today reflect the vision and directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai“ may God bless him ”, by strengthening Dubai’s position as a global capital for business and innovation, where the Dubai World Trade Center continues to play a pivotal role in achieving this vision, as one of the main engines for growth and diversity Economic“.

His Excellency added: “In line with the Dubai Economic Agency D33All the initiatives of the Dubai World Trade Center focus on accelerating the construction of a dynamic economy with the aim of keeping pace with the future, attracting global talents, empowering entrepreneurs and consolidating purposeful international cooperation. The increase in the number of major events and the polarization of large numbers of international participants in 2024 reflects the results of our strategic investments in expansion and enhancing infrastructure, which included the start of the first stage of the Dubai Exhibition Center expand The sustainable“.

He continued: “The Dubai World Trade Center will continue its firm commitment to drawing the features of the future of the meeting, incentives, conferences and exhibitions, benefiting from innovation and strategic partnerships and the unique Dubai geographical location to open new horizons for economic impact. The progress made in 2024 is a strong boost for future growth, where we continue to provide global dynamic levels of the international business sector, in order to enhance the position Dubai as one of the three best destinations in the world for tourism and business“.

The annual report to assess the economic impact is prepared to provide data supported by data on the impact of the meeting, incentives, conferences and exhibitions on the Dubai economy, where the report analyzes the performance of major events (which attracts more than 2,000 participants) and its contribution to the city’s economy, growth and development.

Four main standards have been evaluated: total spending within the activities of the meeting, incentives, conferences and exhibitions, “direct” spending in related sectors such as hotels and restaurants, retail and entertainment, air and land transport, government services, business services and others, in addition to “indirect” spending related to the necessary production increases to meet the increasing demand, and the “updated” value resulting from The increase in the income of workers from the local community.

The Dubai World Trade Center achieved a record growth in the major events agenda during the year 2024, with an annual increase of 32%, and this was not limited to the number of events, but also included the size and scope of existing huge events..

Of more than two million participants, 936,083 participants from outside the country attended, reflecting the established position of Dubai as a leading global destination for business tourism.

The report pointed to the contribution of this growth in major events in supporting 85,533 jobs in the meeting, incentives, conferences, exhibitions and other sectors associated, while the increase in international participation played a pivotal role in achieving a broader social and economic impact, as it contributed to increasing the gross economic product significantly.

In 2024, the estimated value of sales resulting from 100 major events hosted by the Dubai World Trade Center was about 2.9 billion dirhams within the meeting, incentives, conferences and exhibitions sector, which is a clear evidence of the strength of Dubai’s Economy Economy. This value has been achieved mainly through investments of events organizers and exhibiting entities in renting spaces, platforms and suites, logistical services, and other business support services.

This direct spending contributed to an eight -fold rise in the largest non -commercial activities in the Dubai economy, which means that every dirham is spent in the event of the activities of the Dubai World Trade Center, which achieves an economic result of 7.7 dirhams in the wider Dubai economy.

This double effect highlights the sustainable value generated by the events system at the Dubai World Trade Center, and shows how the impact of these activities extends beyond the just site of the event, as it stimulates growth in the other sectors associated with it, while providing more job opportunities, and consolidating Dubai as a global destination for business, innovation and sustainable economic development.

The increase in the number of major events and international participations contributed to increasing spending in the activities and sectors related to the sectors significantly. In 2024, the percentage of direct revenues achieved by these sectors increased to 13.17 billion dirhams, which reflects wide economic gains..

The sectors that witnessed a significant increase include the following:

• Commercial entertainment sector: 1.78 billion dirhams (an increase of 36%)

• Retail sector: 2.64 billion dirhams (an increase of 34%)

• Restaurant, Food and Beverage Sector: 2.23 billion dirhams (an increase of 30%)

• Hotel stay: 3.41 billion dirhams (an increase of 15%)

• Air travel and internal transport: 2.86 billion dirhams (an increase of 8%)

These results are strengthening the role of the Dubai World Trade Center as a major engine for the emirate’s economy, as it stimulates activity in vital sectors such as travel, hotels, retail and entertainment trade..

This positive impact of the center’s activities contributes to increasing the total value added to the Dubai economy, not only through the events sector, but also by enhancing the economic value of the supportive sectors.

International participants contribute to supporting the gross domestic product of the Emirate of Dubai compared to local participants, as the average spending of international participants reached 9,833 dirhams per event, with an increase approaching six times the average spending of participants from within the country of 1,673 dirhams per effectiveness..

This spending achieves a sustainable economic benefit for the city, as it includes travel, accommodation, hotels, retail, food and drinks, in addition to traveling with co -workers or family members.

In 2024, the Middle East and North Africa region topped the list of participation in international business activities with 32%of the total attendance, followed by Europe (27%), Asia and the Pacific (10%), East Europe and Central Asia (10%), the Indian continent (10%), Africa (6%), the two Americans (5%), and Oceania (1%).

The ten largest countries come from the international participants: the Kingdom of Saudi Arabia, India, China, Turkey, Oman, the United Kingdom, Egypt, Iran, Russia and Germany, highlighting the city’s strategic location as a leading global business destination linking East and West.

The diversity of sectors represented in the agenda of the Dubai World Trade Center activities reflects the strategic focus.

In line with the economic priorities of the emirate, the center continues its role as an effective platform for exhibitions, conferences and meetings that support the main sectors, stimulate cooperation and innovation, and enhance trade exchange..

In 2024, the three leading sectors – health care, medicine and science, food, hotels and restaurants, and information and communications technology – achieved 58% (7.59 billion dirhams) of the total added value in the Dubai economy.

These sectors attracted 51% (1.02 million) of the major events, including 61% (569,216) international participants, which confirms the pivotal role of these sectors in shaping the economic scene of the meeting, incentives, conferences and exhibitions sector in Dubai.

The healthcare, medicine and science sector exported the list of leading sectors with 21 events, attended by 460,858 participants, and achieved 3.68 billion dirhams of the total added value.

The food, hotels and restaurants sector was ranked second with nine activities, in the presence of 283,119 participants, and achieved 2.35 billion dirhams, while the information and communications technology sector hosted five events in which 280,967 participants participated, and achieved an economic value of 1.55 billion dirhams.

The Dubai World Trade Center conducted a study to analyze the effect of direct spending by individuals and institutions participating in major events (more than 2,000 participants), based on financial data and statistical survey of more than 15,000 participants in the study. In addition, the study has identified the impact of the increasing economic outputs in the sectors related to the meeting, incentives, conferences and exhibitions that contribute to meeting the increasing demand and the consequences of events, in addition to direct initial spending caused by the increasing effects that occur in production and consumption in all stages of the supply chain. This evaluation is excluded any effects in which capital investments and any trade exchange between the participants during or after the events contributed.

To prepare an estimate of the total economic product, the study took into account the effects of “direct” investments for events organizers and exhibitors and participants in the activities of the Dubai World Trade Center, in addition to the “indirect” impact on the supply chain, and the effect of the “new value” resulting from the increase in the income of workers from the local community members.