Dubai’s GDP likely to expand 2.3%

27 Oct 2010

(MENAFN) Executive Director at the Dubai Statistics Centre, Arif Obaid Al Muhairi said that Dubai?s gross domestic product (GDP) is expected to increase by 2.3 percent by the end of 2010, Reuters reported.

Last year’s official GDP data are not available but are estimated to account for over 32 percent of the UAE?s economy.

During the second quarter of 2010, Dubai?s exports increased by 46 percent compared to the same period of 2009. Also re-exports and imports also expanded at double-digit rates.

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