World Economy

Dubai’s Decade of Growth

Dubai’s Decade of GrowthDubai’s Decade of Growth

Led by financial, aviation, hospitality, tourism and trade sectors, Dubai’s economy has grown exponentially over the last 10 years, notching up growth of more than 100% in key sectors. The emirate and indeed the entire country has successfully overcome the headwinds and hurdles of the 2008-09 global financial slowdown, WAM quoted Emirates 24 as saying. Dubai’s gross domestic product has been growing steadily over the years and it is expected to have notched up a stellar 4% in 2015 also. This strong growth comes at a time when the global economy is slowing down and other major economies are also facing headwinds.