Dubai’s real gross domestic product could increase by 4.6 per cent in 2011, according to the director-general of the emirate’s chamber of commerce and industry.
Dubai’s real gross domestic product could increase by 4.6 per cent in 2011, according to the director-general of the emirate’s chamber of commerce and industry.
It is thought that the growth could be boosted by growth in investment in sectors such as tourism, trade and transport, reports Emirates 24/7.
Hamad Buamim explained that recent data shows that hotel activity in Dubai rose by 18 per cent in the first six months of 2010 and this could be set to continue meaning more people could be encouraged to take flights to Dubai.
“Dubai is now marching with firm steps towards growth.our expectations are that its real GDP will record growth of around 4.6 per cent,” Mr Buamim told the Dubai-based Albayan newspaper.
Official figures released at the end of 2010 predicted that gross domestic product could increase by 2.3 per cent as the country showed signs of recovering from the global slowdown.
Meanwhile, it has been reported that China is planning to build a replica of Dubai’s famous Burj Khalifa in the Mentougou district of Beijing.
Written by Erin Marshall
