CEOs upbeat on #Dubai’s economic prospects

CEOs upbeat on Dubai’s economic prospects

Dubai’s business community’s confidence level and optimism have shown a remarkable upswing on the back of brightening economic growth outlook and promising opportunities the emirate offers for investors and companies.

A survey by Dubai Chambers revealed that the emirate’s Business Climate Index rose to 168 points for Q1 2024, up from 144 points during the same period last year, underscoring the increasing confidence and optimism of the private sector businesses.

“The findings of the survey underline the importance of efforts to accelerate the pace of growth across all economic sectors and further enhance the emirate’s favourable business environment,” said Mohammad Ali Rashed Lootah, president and CEO of Dubai Chambers.

“Creating conditions that are conducive to growth strengthens the private sector’s confidence in Dubai’s ability to generate sustainable investment opportunities and ensure the emirate remains at the forefront of the global business landscape,” he said.

In the first nine months of 2023, Dubai’s economy expanded by an annual 3.3 per cent, driven by growth in the emirate's tourism and transportation sectors, reflecting the emirate’s favourable economic climate, robust world-class infrastructure, pro-business regulations and deep talent pool which together consistently draw in a diverse array of investors and entrepreneurs from all corners of the globe.