By Staff Reporter
The Dubai World Trade Centre (DWTC) played a pivotal role in boosting Dubai’s economy in 2024, contributing AED22.35 billion to the emirate’s GDP through a dynamic slate of business events.
With over 100 large-scale exhibitions, conventions, and conferences, DWTC not only exceeded its performance from the previous year but also solidified Dubai’s standing as a leading global destination for business tourism.
The 2024 Economic Impact Assessment revealed a 32% increase in the number of events hosted at DWTC, drawing over 2 million attendees. Of these, nearly 1 million were international visitors, highlighting Dubai’s rising global prominence. The economic output generated by these events was substantial, with AED13.04 billion retained as Gross Value Added (GVA) to Dubai’s GDP.
DWTC’s growth aligns with the Dubai Economic Agenda D33, which aims to position the city among the world’s top three destinations for business and leisure by 2033. The success of DWTC’s large-scale events was underscored by a strong multiplier effect, with every AED1 spent at an event generating AED7.7 in broader economic output across sectors such as hospitality, transport, and retail.
Key sectors such as Healthcare, Food and Hospitality, and Information Technology drove much of this growth, attracting significant international participation. The MENA region was the leading source of international attendees, further bolstering Dubai’s role as a business bridge between East and West.
With its continued investments in infrastructure, including the expansion of the Dubai Exhibition Centre, DWTC is poised to maintain its status as a major economic engine and a critical driver of Dubai’s future growth.
News Source: Emirates News Agency
