February 9, 2023

Dubai Economy strengthens partnerships with government, private departments

DUBAI, Dubai Economy concluded over 61 strategic agreements with various government and private departments in 2018, according to Sami Al Qamzi, Director-General, Department of Economic Development – Dubai.

Al Qamzi made the remarks in a recognition ceremony where the Department honoured more than 66 partners from the government and private sectors in appreciation for their contribution to the emirate’s economy.

“Dubai Economy will continue to strengthen its relations with all its stakeholders in 2019 and years to come in keeping with the government’s directives to enhance PPP and accelerate value-adding services aimed at diversifying the emirate’s economy,” he added.

Data released by Dubai Economy recently showed that Dubai’s GDP grew 1.94 percent last year but it will pick up to 2.1 percent this year and 3.8 percent next year before easing to 2.8 percent in 2021.

The emirate’s economy will continue to rely on real estate as its main growth driver at 3.65 percent for 2019 followed by 3.1 percent for logistics and transport; 2.8 percent growth in tourism; 2.4 percent in financial services and 1.9 percent in wholesale and retail trade.

Source: Emirates News Agency