Strategic Imperatives and Financial Overview
Dubai Economic Update
Highlights
Dubai is the 3rd largest centre for re-exports in the world which itself
represents 44% of GDP
Dubai is a strategically located international trading hub with some of the
world's best air and sea ports serving over 205 destinations
■ In Dubai six 'strategic thrusts' for growth include travel and tourism; financial
services; professional services; transport and logistics services; trade and
storage; and construction.
Very large investments in infrastructure will have highly positive effects on the
long run development and productivity of the emirate
Lower inflation, stable USD and property market declines have enhanced
Dubai's cost-competitiveness
Strength in emerging market currencies leaves UAE markets relatively cheap
by comparison.
Dubai's Strategic Location
Dubai 2008 GDP breakdown
UAE GDP by Emirate (2008)
100% AED 934b
=
Others
11%
Dubai GDP by Sector (2008)
=
100% AED 300b
Financial
Services.
8%
Others
5%
Oil
2%
Abu Dhabi
57%
Dubai
32%
Manufacturi
ng
14%
Construction
/ Real Estate
24%
Trading &
Communicat
ion
47%
Source: UAE Ministry of Economy
Dubai Trade in 2010 (AED billion)
Emirates NBD
700
600
500
400
300
200
100
יייוון
2005
2006
2007
2008
2009
Q3 2010*
Imports
Exports & Re-Exports
* Annualized.
Source: Dubai Statistics Centre; includes Direct Foreign Trade and Free Zone & Customer Warehouse Trade
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