Dubai has outperformed global economic growth and in the next two years it is expected to expand further.
Recent results of Dubai Plan 2021 Annual Report ‘Dubai Pulse’ show strong economic performance of Dubai in comparison to other economies in the region, which is essentially due to diversification, a stable macroeconomic environment, and also the emirate’s policies, growth strategies and infrastructure initiatives.
The strong fundamentals of our economy have helped it stay strong in spite of downward trends that prevailed worldwide in 2016.
It is clear that the economy has been successful in achieving its goals of diversification. Dubai’s oil sector now contributes less than one per cent to the economy.
Aviation, one of the key sectors of Dubai’s economy, now has a significant contribution to the economy. The contribution of this sector continues to increase and is expected to reach 35 per cent of Dubai’s GDP by 2020 from the present about 30 per cent .
Driven by the vision of our great leaders toward excellence and innovation, Dubai’s aviation sector has been outdoing global growth.
Passenger traffic at Dubai International (DXB) crossed 43 million in the first half of this year, up by 6.3 per cent from last year. The expansion of Dubai World Central airport will be completed by 2018.
We continue to make best use of the latest smart technologies and our investments toward expansion, which will not only help us accommodate the strong growth in passenger numbers, but will also ensure an unmatchable passenger experience, speedy procedures and high security.
Success has never made us complacent and we are firmly focused to continue working toward achieving greater heights.
I must thank all stakeholders and partners, and also every employee in aviation sector, who work closely with us to bring our dreams to reality and for contributing to our success.
Ahmed bin Saeed Al Maktoum