Sunday 24 November 2013

Global Islamic economy valued at $6.7 trillion | The National

Global Islamic economy valued at $6.7 trillion | The National:

"The global Islamic economy has a potential value of US$6.7 trillion, bigger than the economies of every country in the world except China and the USA, according to a new report published today.

The study, by the Dubai authorities in partnership with information group Thomson Reuters, “for the first time collectively sized the potential of the Islamic economy sectors and the convergence of their global opportunities”.

It is published ahead of the Global Islamic Economy Summit to be opened in Dubai tomorrow.

The report estimates the current global expenditure of Muslim consumers on food and lifestyle sectors such as cosmetics, tourism and media to be $1.62tn lastyear, and forecast to reach $2.47tn by 2018."

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