Investor Presentaiton
Appendix
Strategy
Financial & Operating Performance
Emirates NBD Profile
Operating Environment
Dubai Economic Overview (1/3)
Highlights
Highly diversified economy and key contributor to UAE's
non-oil sector growth.
Limited impact from oil price decline: 2014 growth forecast
retained at 5.0% and 2015 forecast revised slightly down to
4.7% (from 5%).
and
Transport, logistics, manufacturing, construction
financial services are expected to be key growth drivers for
Dubai in 2015. Growth also expected to be underpinned by
investment in infrastructure ahead of Expo 2020, as well as
improving external conditions.
% y/y
-4%
Composition of Dubai GDP
Dubai GDP by Sector (%) - 2013
Other
5%
Hosp.
5%
Financial
Trade
servcs.
29%
11%
Transport,
comm.
15%
Manuf.
14%
Constr. & RE
21%
Source: Dubai Statistics Centre, Emirates NBD Research
% y/y
Dubai: Real GDP growth
Emirates NBD
6%
5.0%
4.6%
4.7%
4.1%
3.5%
3.5%
4%
3.0%
2%
0%
-2%
-4.3%
-6%
2008 2009 2010 2011
2012 2013
2014f 2015f
Source: Dubai Statistics Centre, Emirates NBD Research
Dubai's Fastest Growing Sectors
Manuf
Fin. Serv.
Trans. & Comm.
Hospitality
Trade
Constr. & RE
25050525
15
10
-5
-10
-15
-20
2010
2011
2012
2013
Source: Dubai Statistics Centre, Emirates NBD Research
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