Dubai World Trade Centre Generates $5 Billion Economic Impact in 2023

Dubai, UAE: Dubai World Trade Centre (DWTC) has significantly boosted the city’s economy, contributing AED18.28bn ($5bn) in 2023, according to an economic impact report. DWTC’s leadership in the Meetings, Incentives, Conferences, and Exhibitions (MICE) sector strengthens Dubai’s position as an economic powerhouse.

The Economic Impact Assessment (EIA) Annual Report highlights Dubai World Trade Centre substantial contribution to Dubai’s GDP through large-scale exhibitions and conferences. DWTC’s events generated AED10.53bn ($2.9bn) in Gross Value Added (GVA), fostering over 69,000 jobs and generating disposable income.

Foreign attendance at Dubai World Trade Centre events rose by 53%, reflecting Dubai’s growing importance in the global business landscape. DWTC’s events stimulated growth in various sectors, including hospitality, air travel, retail, and entertainment.

Enhancing Dubai’s Global Appeal

International participants significantly contribute to Dubai’s GDP, with higher spending and longer stays in the city. For every dirham invested in DWTC events, the broader Dubai economy gains eight times in sales value.

Exemplary Event Portfolio

DWTC’s flagship events like GITEX Global and Gulfood showcased its expertise in driving economic growth and attracting global audiences. Events in healthcare, ICT, and food sectors collectively accounted for 59% of GVA, underscoring their importance in Dubai’s economy.

DWTC remains committed to shaping Dubai’s business tourism landscape and fostering sustainable development.

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