Dubai’s 4.6% GDP growth is a testimony to its economy’s sustainability and resilience

-

Dubai’s GDP grew 4.6% year-on-year to AED307.5 billion during the first nine months of 2022 compared with the same period last year.

H.H. Sheikh Hamdan bin Mohammed noted that Dubai’s exceptional GDP growth was the result of the efforts of various government and private entities to achieve the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to make Dubai’s economy a global benchmark in sustainability and resilience. Sheikh Hamdan added that Dubai’s responsive and efficient economic framework, along with its ability to track and anticipate demand trends in both the short and long terms, ensure that it can swiftly leverage opportunities and continue its ambitious journey to excellence.


H.H. said: “Dubai’s economy is founded on strong principles of income diversification by developing strategic sectors, promoting future-focused economic activities, implementing prudent fiscal policies, and constantly upgrading regulatory and legal frameworks to encourage investment and support business. Our strong partnership with the private sector, both locally and internationally, is a key enabler for sustaining our growth with a clear vision to maintain Dubai’s position at the forefront of various international competitiveness indicators.”


The Dubai Crown Prince expressed his appreciation to all those who contributed to this exceptional growth despite the global economic slowdown and an uncertain financial environment worldwide. HH said the performance was a testimony to Dubai’s prudent plans, sustainable policies, and strategic public-private partnerships. HH Sheikh Hamdan called upon all sectors to continue innovating and pivoting to maintain Dubai’s leading position as a resilient and dynamic economy.


“Under Dubai’s decisive leadership, we will continue to intensify our efforts, consolidate public-private partnerships, and enhance Dubai’s status as a magnet for global investment and talent. We strive to further improve the competitiveness of our economic and tourism pillars and related sectors, such as trade, retail, restaurants, and hotels — all of which have witnessed high growth.”



Comments

Post a Comment

Popular posts from this blog

Children’s wellbeing in the digital world

-
Image
 The Emirate Safer Internet Society is organizing the first international conference to discuss the protection and safety of Emirati children in order to promote digital well-being with a purpose to create generations qualified to deal responsibility and consciously in the digital world. In this international conference they will have the presence and speech of the Cyber Security Council Dr. Mohammed Al Kuwaiti and also other experts in the field. This is great news for the society who need to start to learn how to live/survive in this digital era, in special the children who are the most vulnerable in the situation.
Read more

Using Astrology as a Tool for Self-Reflection and Personal Growth

-
Image
Astrology, often considered a mystical art, has long been used as a tool for self-reflection and personal growth. While skeptics may question its validity, astrology offers individuals a valuable means of understanding themselves, their emotions, and their relationships with others. In this article, we explore how astrology can serve as a catalyst for self-awareness and personal development. One of the primary benefits of astrology lies in its ability to shed light on an individual's personality traits, strengths, and challenges. By examining the characteristics associated with their zodiac sign, individuals can gain a deeper understanding of their natural inclinations and how they interact with the world. For example, a person born under the sign of Leo might possess leadership qualities and a desire for recognition, while a Pisces individual may be more empathetic and intuitive. By recognizing and embracing these qualities, individuals can tap into their inherent strengths and na
Read more

UAE provided humanitarian aid to the victims of the earthquake

-
Image
 Last week I posted about how  UAE by order of His Highness Mohammed Bin Zayed has ordered an aid package totaling $100 million to help those affected by the earthquake in Syria and Turkey, they were in fact, one of the firsts countries to help them during this crisis. And months ago I also shared with you the multiple humanitarian help that UAE sent to Ukraine, Mauritania, etc. Truth is, UAE is always able and ready to support how need it, no matter what. Their commitment with the world is amazing, no just with the people/governments all around the world, but also with the environment. 
Read more