Dubai GDP grows 3.3% in first nine months of 2023

DUBAI’S gross domestic product grew 3.3 per cent between January and September 2023, according to data released by state news agency WAM on Sunday (Jan 21).

Over those nine months, accommodation and food services grew 11.1 per cent; transportation and storage services rose by 10.9 per cent, and the information and communications sector grew by 4.4 per cent.

The city-state, widely regarded as the trade and tourism hub of the Gulf region, launched a 10-year economic plan known as D33 in January last year. The plan’s aim is to double the size of the economy and make Dubai one of the top four global financial centres within a decade.