Dubai’s construction and retail experience boom in June but travel and tourism flag:
The construction and retail sectors in Dubai saw strong growth last month, as builders took on more work and retailers further slashed prices, according to a monthly survey.
The tourism and travel sector however did not fare so well, with job losses dragging down growth in the industry, according to the Dubai Economy Tracker Index by IHS Markit/Emirates NBD
The index for the construction sector rose to 57.1 in June from 54.6 the previous month on the back of increased output and new work as the emirate pushes forward with new hotel and residential property projects.
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