Sunday 18 September 2011

gulfnews : Dubai's economy 'shows extraordinary expansion'

Dubai managed to catch up with higher labour productivity levels in Singapore by 2007 in diverse sectors such as retail and wholesale trade, construction, transport and communications, and the financial sector, according to experts of the Economic Policy and Research Centre (EPRC), the operational arm of the Secretariat General of the Dubai Economic Council.

"The growth in manufacturing, though vigorous, has not been enough to close the gap with Sing-apore and there remains space for future improvement in Dubai.

"The more backward sector seems to be that of social and personal services," the ERPC experts said in a study, the findings of which were released yesterday.

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