Following the significant achievements in hosting large-scale events in 2023, the Dubai World Trade Centre (DWTC) is dedicated to further growth and expansion, according to a senior official. Mahir Julfar, Executive Vice President at DWTC, emphasized in an interview with Khaleej Times that DWTC continues to play a pivotal role in Dubai's economic development, aligning with the Dubai Economic Agenda’s (D33) goal to position the city among the top three global business and travel destinations by 2033. Julfar highlighted that in 2023, DWTC facilitated Dh18.3 billion in economic output from 76 major events, with Dh10.53 billion contributing directly to Dubai’s GDP, representing a reinvestment of 58% into the local economy. Key sectors including ICT, healthcare, and food services were major contributors, collectively generating Dh6.27 billion in GVA. Julfar noted that the success of 2023 underscores DWTC’s role in enhancing Dubai’s economic resilience and innovation capabilities. DWTC, a leader in the MICE industry, significantly impacts various sectors such as hotels, aviation, and retail, supporting over 69,000 jobs and generating Dh3.36 billion in household income. The number of international event participants increased by 53% in 2023, with visitors spending significantly more than local attendees. Julfar concluded by stating that DWTC is committed to driving sustainable growth and sector diversification, aiming to solidify Dubai’s status as a global business hub.
Text: Lara Palmer
17.06.2024
Senior Official Mahir Julfar Discusses DWTC's Economic Impact and Future Strategies