Dubai - 5 sectors will drive growth

Posted Friday 8th May 2015

Dubai is set for steady growth in 2015 backed by five major sectors - capital markets, market, real estate, retail and the transport sector.

A recently released report by the Oxford Business Group highlighted how these five sectors will attract major investments and drive Dubai’s next phase of growth.

Commented Jonathan Cooper, Founder & Managing Director of WIS,

"This report shows that recent developments such as the hosting of the Expo 2020 and the recovery from the financial crisis has put Dubai’s economy on track to show GDP growth of around 4.5 per cent this year and into 2016.

I believe the transport sector will be a major driver of growth, with Dubai well placed to consolidate its place as one of the world’s major transport hubs.

Dubai International Airport is now the busiest airport in the world with over 70 million passengers last year. The planned expansion of capacity in Dubai through the Al Maktoum International Airport at Dubai Word Central, is forecast to handle 120 million passengers a year once fully operational.

I am also excited about the growth prospects for the retail sector - both in terms of the retail and wholesale sector. This sector is probably the single biggest driver of Dubai’s economy.

Here at WIS, our business is geared to support our clients and partners both from the travel and retail sectors, presenting a really great opportunity for significant growth for all concerned."