Dubai receives 12 million visitors in the first 9 months

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Studies showed that the Gulf emirate received more than 12.08 million international visitors during the first nine months of this year, an increase of 4.3 percent compared to the same period last year, according to Dubai Tourism and Commerce Marketing Department. The number of visitors from major and emerging markets continues to rise, with a positive impact on Dubai's GDP.

According to statistics released yesterday, Dubai continues to seek more visitors from major markets such as India, Saudi Arabia, Britain, and Oman, as well as China, where the number of visitors from these five countries, during the first nine months of 2019, five million visitors.

India has maintained its leading position in the main market with more than 1.39 million visitors in the first nine months of this year, with Saudi Arabia growing by 2 percent, with Dubai receiving 1.25 million Saudi visitors in the past nine months.

The UK maintained its third position in the major markets with 851,000 visitors, despite the volatility caused by the Brexit and the devaluation of the pound against the US dollar.

Dubai continues to attract visitors from China in large numbers, with China ranked fifth in the major markets, and increased by 14 percent by receiving 729 thousand visitors during the first nine months of 2019. The United States of America increased by 1 percent, with Russia ranked sixth and seventh with 481 and 433,000 visitors, respectively, in the first nine months of 2019.

With regard to the top 10 export markets to Dubai, Germany, and Pakistan maintained eighth and ninth places, with 392 and 378,000 visitors respectively. The Philippines is back with a 29 percent increase in the 352,000 visitors. As the number of visitors from Saudi Arabia and Oman continues to rise, the GCC region has consolidated its position by growing its share of visitors to 20 percent, tied with Western Europe.

- Dubai's economy grows by 2.1% in the first half of the year

Dubai's economy grew by 2.1 percent in the first half of this year, compared to the same period last year, when Dubai grew 1.7 percent, according to statistics released yesterday. The emirate's economy achieved gross domestic product at constant prices of 208.2 billion dirhams ($ 56.6 billion) during the first six months of 2019.

The economic performance report for the Emirate of Dubai for the first half of 2019, issued by the Dubai Statistics Center, showed that the wholesale and retail trade activity continues to lead the economic activities in terms of contribution to GDP, which contributed 25.5 percent, achieving an added value of 53 billion dirhams. $ 14.4 billion), a growth of 3.3 percent over the same period in 2018, pushing the overall economy to grow by 0.8 percentage points.

Trade activity is considered to be an influential activity in the various activities in the emirate, and the most influential in the growth. This activity enjoys the advantage of economies of scale. The advantage of economies of scale gives these enterprises the ability to reduce costs and gives them a highly competitive advantage that supports the flexibility of this activity and enables it to adapt to economic conditions.

Transport and warehousing activity grew by 6.2 percent in the first half of 2019 compared to the same period last year, with an added value of AED 26.4 billion ($ 7.1 billion), driving the overall economy towards growth of 0.8 percentage points. All activities that are involved in land transport of individuals and goods, water transport activities, handling and storage activities, postal activities, and air transport activities of individuals and goods and supporting activities. The air transport activity is considered the most contributing activity in the transport and storage sector due to the volume of its production. Other activities are clearly private key activities driving demand such as tourism and trade activities, which emphasizes the integration of activities in the Emirate of Dubai's economy, and highlights the impact of diversity on the economic growth achieved.

Accommodation and food services activities grew by 2.7 percent, with an added value of about 10.6 billion dirhams ($ 2.8 billion), a 5.1 percent contribution to the overall economy. International visitors to Dubai in the first half of the year According to the Department of Tourism and Commerce Marketing (DTCM), 8.4% of visitors were registered with a growth rate of 3.2% compared to the same period last year.

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