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Dubai’s non-oil sector economy grows to 57.7 in April

10 May 2017

(MENAFN) The Emirates NBD Dubai Economy Tracker Index, a pointer of operating conditions in the non-oil private sector economy, increased to 57.7 in April from 56.6 in March.

Additionally, output and new orders grew in the cited month, with the indices at 62.6 and 63.2 respectively, while April data indicated robust performance across all three key sub-sectors.

Moreover, the Dubai Economy Tracker survey supports its view that investment in infrastructure ahead of Expo 2020 will be a key driver of Dubai”s growth over the coming 2-3 years.

Meanwhile, the construction sector saw a sharp increase in business conditions in the cited month, after lagging the other key sectors since the start of the year.

MENAFN1005201700450000ID1095466154

MENAFN1005201700450000ID1095466154

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