Emirates NBD Banking Sector Update
Dubai Economic Update (cont'd)
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Highlights
Dubai is the 3rd largest centre for re-exports in the world which itself
represents almost 50% 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
Very large investments in infrastructure will have highly positive effects on
the long-run development and productivity of the emirate
Dubai exports and re-exports has been showing an increasing trend
while imports remained broadly stable.
AED Millions
7
654
3
2
0
Dubai: Air passenger arrivals increase in Q3
Dubai's Strategic Location
Dubai: External trade growth remains strong
23220
70
250
150%
100%
200
50
40
AED' 000s
AED Billion
50%
150
0%
100
-50%
10
50
50
-100%
-150%
1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q
08 08 08 08 09 09 09 09 10 10 10 10 11 11 11
Airport passenger arrivals (Ihs in Millions)
- Number of Hotel Guests (Ihs in Millions)
Number of Hotel Rooms (rhs in 000s)
Source: Dubai Statistics Centre, Emirates NBD Research
Emirates NBD
0
Q1 Q2 Q3 Q4Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
06 06 06 06 07 07 07 07 08 08 08 08 09 09 09 09 10 10 10 10 11 11
Imports
Source: Dubai Statistics Centre, Emirates NBD Research
Exports & Re-Exports
Y-oy Growth %
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