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FINANCIAL NEWS
Dubai to grow 3 to 5%: Ghurair
21 Mar 2011
(MENAFN) Chairman of the Dubai Chamber of Commerce and Industry, Abdul Rahman Al Ghurair, said that the emirate is expected to witness growth in 2011 estimated at three to five percent due to a boost in tourism and trade among other sectors, reported Emirates 24/7.
Al Ghurair said that real GDP is expected at three to five percent due to more than one factor including the country’s recovery symptoms in the real estate sector as well as good investment conditions in the emirate. Another indication is the positive growth rate that was registered for the previous year as Dubai’s exports and re-exports hiked by over fifteen percent amounting to USD85.4 billion.
In addition, figures reported so far indicate positive growth for the year as a whole, as January and February witnessed exports and re-exports jump by 24.2 and 8.3 percent respectively.
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