DubaiUAE, May 30, 2023 /PRNewswire/ — A key driver of MICE sector growth and the largest operator in the wider MENASA region, Dubai World Trade Center (DWTC) event calendar has been an economic catalyst for the emirate – generating sustainable high incomes for nearby industries linked to the MICE ecosystem. The 63 large-scale events held at DWTC welcomed nearly 1.2MM attendees, 40% of which were international – a 49% YOY increase in foreign participation, emphasizes. of Dubai Leadership as a global mega event hub.
MICE events at Dubai World Trade Center fuel Dubai’s GDP, driving AED 13Bn in economic output by 2022
„Dubai Continuing to attract businesses and talent from around the world, DWTC provides an effective connectivity platform to collaborate, accelerate innovation and showcase next-generation products and services to far-flung markets. „This lasting impact of individual events is a clear indicator of the MICE industry’s role in supporting economic growth and achieving a return on investment for all stakeholders.” He Helal Saeed Almari Director General of DWTC Authority.
According to DWTC’s 2022 Economic Impact Assessment report, released today, DWTC’s 63 large-scale events (> 2,000 attendees) have grown 26% YOY. Total direct economic output in MICE business services and surrounding sectors more than doubled (108%) $2.55 billion. This further strengthens DWTC’s global leadership as a sustainable driver of revenue growth that benefits other key sectors of the economy.
DWTC events supported more than 48,000 jobs, representing a 110% YOY increase, resulting in increased disposable household income. $651 million.
DWTC’s robust portfolio of events spans key priority verticals of Dubai a health, medicine and science-based economic agenda; Information Technology (IT); And food, hotel and catering emerge as the top three sectors. They are 57% ($1.16 billion) to Gross Value Added (GVA). of Dubai economy. Combined attendance accounted for 46% (535,000) of total large-scale event attendance.
Annual events, including GITEX GLOBAL And Gulffootwas created $3.55 billion In economic production, in which $2.03 billion retained within of Dubai GDP.
“2022 is a milestone year for global MICE of Dubai The industry’s ability to sustain its momentum of growth through a transformative period characterized by post-pandemic resurgence is a testament to our ability to deliver sustainable value to business participants. Hon Almari concluded.
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Source Dubai World Trade Center
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