Dubai 'Economic Data'

             Dubai Economic Data. 

1. GDP :- Dubai's GDP was estimated at AED 417.5 billion (roughly USD 113.6 billion) in 2019, making it one of the largest and fastest-growing economies in the region.

2. Economic sectors :- The main sectors of Dubai's economy include trade and logistics, tourism, real estate, finance, manufacturing, and renewable energy.

3. Trade and logistics :- Dubai's strategic location and world-class infrastructure have made it a major hub for international trade and logistics. In 2019, the city's ports handled over 15.7 million containers, while Dubai International Airport welcomed over 89 million passengers.
4. Tourism :- Tourism is a major contributor to Dubai's economy, with over 16 million visitors in 2019. The city offers a range of attractions and activities, including luxury hotels, shopping malls, theme parks, and cultural landmarks.

5. Real estate :- The construction and real estate sector is a key driver of Dubai's economy, with a number of high-profile projects and developments underway. The city is home to some of the tallest buildings in the world, including the iconic Burj Khalifa.

6. Finance :- Dubai is also a leading financial center in the region, with a range of banking, insurance, and investment services. The Dubai International Financial Centre (DIFC) is a hub for finance and business, with over 2,500 companies operating in the center.

7. Renewable energy :- In recent years, Dubai has placed a growing emphasis on renewable energy, with a target of generating 75% of its energy from clean sources by 2050. The city has launched a number of large-scale solar and wind projects, including the massive Mohammed bin Rashid Al Maktoum Solar Park.

Overall, Dubai's economy is dynamic and rapidly growing, with a focus on strategic sectors such as trade, logistics, tourism, and renewable energy. While the COVID-19 pandemic has affected many businesses and industries in the city, the government is taking steps to support economic recovery and diversification.

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