Dubai's economic prowess shines as it records a substantial 3.2% growth in the first half of 2023, soaring to a total value of AED 223.8 billion ($60.9 billion). Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, also Chairman of the Dubai Executive Council, lauds the city's exceptional economic performance, aligning it with the ambitious goals of the Dubai Economic Agenda D33 to double GDP growth over the next decade and secure its spot among the world's top three urban economies.
This impressive growth was primarily driven by sectors such as transportation, wholesale and retail trade, finance and insurance, accommodation and food services, real estate, information and communication, and manufacturing, collectively contributing to 93.9% of H1 growth.
Dubai's resilience and adaptability in achieving its economic targets are highly praised, positioning it as a promising model for future economies.
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