Dubai economy to grow 3.5% in 2018: report
Dubai’s economy is forecast to grow 3.5% in 2018, thanks to the emirate’s emphasis on diversification and its openness to trade.
That’s according to a new report released on the sidelines of the UAE Economic Outlook Forum.
Major developments leading up to Expo 2020 as well as a number of recent strategic initiatives launched by the Dubai government are also expected to contribute to this growth.
The total value of Dubai’s trade in non-oil goods was AED 1.28 trillion in 2016, while the same year, it attracted AED 25.5 billion in Foreign Direct Investment (FDI).