Dubai World Trade 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, stressed 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 for 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, as the center achieved an economic outcome of 22.35 billion dirhams in 2024.

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 the dubbing role of Dubai is a platform for meeting ideas, building partnerships and making future.

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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 investing in establishing an infrastructure with global specifications that meet the requirements of the future .. Dubai’s strong link to the world, and its incentive environment contributes to building bridges between the markets and stimulating the growth of economics Global ».

His Highness added: “The exhibition and conference 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 targets (Dubai Economic Agency D33) .. We continue to work to raise the capabilities of this vital sector to confirm the sustainability of its contribution as a basic pillar of a diverse economy led by innovation.”

His Highness affirmed that “Dubai will remain a main destination for ideas, investment and entrepreneurship … and the city that turns opportunities into achievements, and the vision into a positive and sustainable added value.”

International capital of business

In a post of His Highness on his account on the X platform, he said: “I reviewed the report of the economic impact assessment of the Dubai World Trade Center during 2024, where the center achieved a total economic outcome with a value of more than 22 billion dirhams in 2024, driven by hosting more than 100 major events, an increase of 32% compared to 2023 and these activities were attracted to two million participants.”

His Highness added: “These numbers reflect Dubai’s leadership and position as a global capital of business and innovation, and the center’s position is established not only as a platform to host the most important exhibitions and conferences, but rather a motor for comprehensive development and a head of head of the Dubai Economic Agency D33, here opportunities are made, and partnerships are built and draw the features of the future.”

Economic impact

With Dubai continuing its endeavor to achieve the ambitious goals of the Dubai Economic Agency D33, which aims to consolidate the emirate’s position, one of the three best destinations in the world for tourism and business by 2033, the Dubai World Trade Center works as a strong incentive to advance economic growth, and to enhance the global position of the emirate in the meeting, incentives, conferences and exhibitions sector.

The annual report to evaluate the economic impact of 2024 confirms the contribution of the Grand World Trade Center to the Dubai economy, by hosting 100 events, which 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.

Dynamic economy

For his part, the Director General of the Dubai World Trade Center, Hilal Saeed Al -Murri, 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, to enhance Dubai’s position as a global capital of 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 of economic growth and diversity.”

He added: “In line with the Dubai Economic Agency D33, all 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.”

He continued: «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 enhance the infrastructure, which included the start of the first stage of the expansion of the Dubai Exhibition Center, which will be completed in 2026, where this expansion will enhance our ability to host major global events, and establish the role of the leading Dubai World Trade Center in promoting economic opportunities Innovation and sustainable growth. ”

Al -Muri said: “The Dubai World Trade Center will continue its firm commitment to drawing the features of the future of the meeting, incentives, conferences and exhibitions, taking advantage of innovation, 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, as we continue to provide global dynamic events for the international business sector, which enhances Dubai’s position is one of the three best destinations in the world for tourism and businesses.

According to the report, international participants contribute to supporting the gross domestic product of the Emirate of Dubai compared to the local participants, as the average spending of international participants reached 9833 dirhams per event, an increase that approaches six times the average spending of participants from within the country of 1673 dirhams for one effectiveness, and this spending achieves a sustainable economic benefit for the city, as it includes travel, Residence, hotels, retail, food and drinks, in addition to traveling with co -workers or family members.

According to geographical distribution, the Middle East and North Africa region topped the list of participation in international business activities in 2024 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 Americas (5%), Oceania (1%).

As for the 10 largest countries, the international participants come, they are: Saudi Arabia, India, China, Turkey, Oman, the United Kingdom, Egypt, Iran, Russia and Germany, highlighting the strategic location of Dubai a leading global business destination linking East and West.

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The sectors diversity

The sectors of “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, and these sectors attracted 51% (1.02 million) of the participants, of whom 61% (or 569 thousand and 216 international participants), and export the “health care and medicine sector And science »at 21 events, attended by 460,858 participants, and achieved 3.68 billion dirhams.

The “Food, Hotels and Restaurants Sector” ranked second with nine activities, attending 283 thousand and 119 participants, and achieved 2.35 billion dirhams, while the “Information and Communications Technology Sector” hosted five activities in which 280 thousand and 967 participants participated, and achieved an economic value of 1.55 billion dirhams.

4 evaluation measures

The annual report to assess the economic impact is prepared with the aim of providing data supported by data on the impact of the meeting, incentives, conferences and exhibitions in the Dubai economy, where the report analyzes the performance of major events (which attract more than 2000 participants) and its contributions to the city’s economy, growth and development.

Four main standards were evaluated, namely: total spending within the activities of the meeting, incentives, conferences, exhibitions, and “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, the “new” value resulting from The increase in the income of workers from the local community.

936 thousand participants from outside the country

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 only limited to the number of events, but also included the size and scope of existing huge events.

Among more than two million participants, 936 thousand and 83 participants from outside the country attended, reflecting the established position of Dubai, a leading global destination for business tourism.

The report pointed to the contribution of this growth in major events in supporting 85 thousand and 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.

2.9 billion dirhams estimated sales

The estimated value of the sales resulting from 100 major events in 2024 amounted to 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 based on events, and this value was achieved mainly through investments of events organizers and exhibitors in renting spaces, platform services, wings, logistical services and other support services Business.

This direct spending contributed to a rise of eight times 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.

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A strong recovery for the associated sectors

The percentage of direct revenues achieved by the related sectors increased to 13.17 billion dirhams, including:

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

■ The 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%).

Hamdan bin Mohammed:

• The record performance of the Dubai World Trade Center confirms Dubai’s continuous ability to attract minds and leading companies from around the world.

• This success is the fruit of investing in establishing an infrastructure with global specifications that meet the requirements of the future.

• Dubai will remain a main destination for ideas, investment and entrepreneurship … and the city that transforms opportunities into achievements, and vision into a positive added value.

• Dubai’s strong connection to the world and its business catalyst contributes to building bridges between the markets and stimulating the growth of the global economy.