Dubai economy expanded at fastest rate in six years in 2013 | The National

Dubai economy expanded at fastest rate in six years in 2013 | The National:



"Dubai’s economy expanded by 4.6 per cent last year, its fastest rate of growth since 2007, propelled by a solid performance spanning manufacturing to hospitality.



The economy grew to Dh325.7 billion, up from Dh311bn the year before, data released yesterday by Dubai Statistics Centre showed.



“The outlook for Dubai’s economy is positive in our view,” said Khatija Haque, the head of Mena research at Emirates NBD. “So far this year, the data has been encouraging. The UAE PMI data shows there has been a strong expansion in the non-oil sector and the recovery in the property market has underpinned positive sentiment.”"



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