1. Dubai's GDP grew by 3.3% in first nine months of 2023

Dubai's GDP grew by 3.3% in first nine months of 2023

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Upstox

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1 min read • Updated: January 22, 2024, 10:43 PM

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Summary

The city state, widely regarded as the trade and tourism hub of the Gulf region, launched a 10-year economic plan known as D33 in January last year.

Dubai is widely regarded as the trade and tourism hub of the Gulf region
Dubai is widely regarded as the trade and tourism hub of the Gulf region

RIYADH, Jan 21 (Reuters) - Dubai's gross domestic product grew 3.3% between January and September 2023, according to data released by state news agency WAM on Sunday.

Over those nine months, accommodation and food services grew 11.1%, while transportation and storage services rose by 10.9%, and the information and communications sector grew by 4.4%.

The city state, widely regarded as the trade and tourism hub of the Gulf region, launched a 10-year economic plan known as D33 in January last year, aiming to double the size of the economy and make Dubai one of the top four global financial centres within a decade.