Dubai World Trade Centre Drives Impact as Economic Output Surges to US$4.98 Billion in 2023, up 40% YoY

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The impact of the events and exhibitions industry on the economy of the city of Dubai has once again been demonstrated by the attendance of 1.54 million at 301 large-scale events hosted by the World Trade Centre.
The total economic output of the 76 large-scale events that were included in the EIA Report increased by 40%, reaching US$4.98 billion, with high returns for adjacent industries such as Travel.
The total economic output of the 76 large-scale events that were included in the EIA Report increased by 40%, reaching US$4.98 billion, with high returns for adjacent industries such as Travel.
The large-scale events generated a US$2.87 billion Gross Value Added (GVA) to Dubai's GDP, retaining an impressive 58% of the total economic output locally.
69,281 jobs were supported by events hosted at the DWTC, generating US$915 million in disposable household income for the city's residents.
The director general of the authority said that the city's stature as a leading global business hub is reinforced by sector diversification.
The top contributors to the GVA were healthcare, medical, and scientific; IT; and food, hotel, and Catering.
The direct revenue generated through expenditure was nearly US$2.94 billion.
There is a photo of the World Trade Centre.
The Dubai World Trade Centre is a source of information.
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Source prnewswire

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