Dubai economy to grow 3.5% in 2018: report

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).



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