Tag Archives: Dubai economic agenda 33

DWTC’s 2023 Economic Impact Assessment (EIA) Annual Report underscores the company’s sustained contribution to the city’s GDP, especially highlighting the remarkable surge in Total Economic Output of AED 18.28Bn from 76 large-scale Exhibitions, International Association Conventions, and Industry Conferences (of the total 301 exhibitions and events in 2023). Notably, the Gross Value Added (GVA) to Dubai’s GDP by these large-scale events amounted to AED 10.53Bn, representing 58% of the total economic output being retained within the local economy, fostering 69,281 jobs and generating AED 3.36Bn in disposable income. DWTC’s large-scale events boost economic impact with 76 large-scale events (2,000 or more attendees), generated sales of approximately AED 2.33Bn within the MICE sector, resulting in nearly 8 times that value in economic output. This means that for every dirham invested by an organiser or attendee at a DWTC event, it generates eight times in sales value for the broader Dubai economy. The success of DWTC’s own events and exhibitions such as GITEX Global and Gulfood, which generated AED 7.22Bn in economic output and AED 4.15Bn in GVA – a 53% increase over 2022 – reflects DWTC’s unparalleled expertise in delivering world-class events that resonate with global audiences. Against the backdrop of the ambitious Dubai Economic Agenda D33 – aiming to secure the city’s status as one of the top three global destinations for business and travel by 2033, DWTC’s international leadership in the Meetings, Incentives, Conferences, and Exhibitions (MICE) sector continues to play a pivotal role in reinforcing Dubai’s position as a powerhouse of economic activity and innovation. The 76 large-scale business events hosted, organised and delivered by DWTC attracted 1.54 million attendees, with 46% being international attendees. In absolute terms, this …

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