UAE – Mubasher: Dubai economy is expected to record a 4% growth in 2021, the Director General of Dubai Economy, Sami Al Qamzi, announced.
Dubai economy is forecast to register growth rates between 2.3% and 2.8% from 2022 to 2025.
Al Qamzi remarked that Dubai has launched several stimulus packages to reduce the economic damage of the coronavirus (COVID-19) pandemic.
The Director General of Dubai Economy further remarked that these packages have also contributed to limiting the expected economic contraction in the emirate to -6.2% in 2020.
He added that the continous inflows of local and foreign investments from the public and private sectors will support the sustainable growth and transition into a knowledge-based economy.
