eseoulpost
InternationalUAE
DWTC events drive AED12.7bn in economic value for Dubai
min  |  min
폰트키우기 폰트줄이기 프린트하기 메일보내기 신고하기
승인 2018.06.10  
트위터 페이스북 미투데이 요즘 네이버 구글 msn

DUBAI, 9th June, 2018 (WAM) -- Dubai World Trade Centre, DWTC, events accounted for a record AED12.7 billion in retained value towards Dubai’s economy, equivalent to 3.3 percent of the emirate’s GDP in 2017, according to the latest Economic Impact Assessment report released by DWTC.

The study estimates the total economic output of DWTC’s large-scale events at AED22.5 billion, an increase of eight percent since 2015, of which nearly 57 percent is retained within the local economy.

Reaffirming the importance of the Meetings, Incentives, Conferences and Exhibitions, MICE, sector to Dubai, the 2017 report highlighted unprecedented sales within the sector from event participation related spends generated by large-scale events, driving 4.3 times its value in overall non-trade business activity across Dubai’s economy. In other words, every AED1,000 spent at a DWTC event generated AED4,300 in value for the Dubai economy in 2017.

The multi-sector impact of events driving incremental value across tourism, hospitality, aviation and entertainment, is estimated to have supported a total of 84,226 jobs as an immediate consequence of DWTC - hosted and managed ? events, generating disposable household income of AED4.1 billion. Of the figure, MICE and adjacent sectors contributed the direct impact at 71 percent of the number of jobs created, while 29 percent of the number of jobs were the result of indirect and induced employment impact across the wider domestic economy.

Out of the AED22.5 billion total value generated by large-scale events, AED16 billion was directly driven by event participants’ spend within the MICE and adjacent sectors relating to travel, tourism, hospitality and entertainment, supported by a 24 percent increase in MICE business services spend - from AED 4.2 billion in 2015 to AED 5.3 billion in 2017. The growth in total value generated was further catalysed by a 13 percent increase in the number of international exhibiting companies.

"DWTC’s priorities are firmly aligned with UAE Vision 2021, the nation’s economic diversification strategy and the 2017 Economic Impact Assessment is testament to DWTC’s success as a MICE entity that enhances the value of business tourism to Dubai and makes invaluable contributions to its GDP," said Helal Saeed Almarri, Director-General of Dubai World Trade Centre Authority and Dubai Department of Tourism and Commerce Marketing.

He went on to say that the value for Dubai’s economy through hosting business events is "undeniable" and "our strategy focuses on attracting maximum overseas participation, which is critical to ensuring the success and sustainability of events in the MICE sector. The strong growth not just in the gross revenues but also in the economic value added are a testament to the ability of the industry to minimise leakage and retain the contribution within our economy for continued growth."

"Through our continued focus on increasing international business visitation to our events, we are committed to supporting the tourism target of 20 million visitors to Dubai by 2020. Furthermore, the synergistic benefit of MICE-linked spend across related sectors in the business tourism value chain has a powerful multiplier effect, allowing the sector to fuel Dubai’s economic engine," Almarri added.

The report observed that international attendees spend nine times more on average per event than locally-based attendees, as 42 percent of the 2.6 million visitors to large-scale events in 2017 were overseas visitors and responsible for generating 75 percent of the overall direct spend. International attendees have a higher daily spend primarily driven by their accommodation, retail, entertainment and F&B spend.

In 2017, 1.1 million international attendees to business events at DWTC stayed on average five days and spent an average AED1,341 per day during their visit, which is nearly 4.5 times the average daily spend of UAE-based attendees. Delegates from Europe accounted for the highest number of international visitors at 24 percent, followed by the GCC with 22 percent and the MENA region with 18 percent.

All the top 10 source markets, which include Saudi Arabia, India, Oman, United Kingdom, Kuwait, Iran, Egypt China, Germany and Turkey, reported an increase in the average stay per event. China, which debuted as a top 10 source market in 2017, accounted for a growing number of delegates travelling to Dubai with a companion, highlighting the popularity of Dubai as a leading business and tourist destination.

"The consistent growth in international visitors attending DWTC events and their engagement in the city’s offerings beyond business, reiterates Dubai’s reputation as a leading and preferred choice for business and leisure. We continue to engage with overseas markets with the view to enhancing our portfolio and customer experience in order to increase new and repeat business travellers to Dubai, customising our offerings to be most conveniently accessible to them, with a view to facilitate greater choice, better relevance, and most importantly deliver highest levels of satisfaction with their Dubai experience. Ultimately we want every business visitor to DWTC to be a strong advocate for Dubai and revisit, not just for business but also for leisure ? further amplifying our contribution to the local economy," Almarri said.

The report also highlights that six key event sectors - Healthcare, Medical and Science; Food, Hotel and Catering; Automotive and Transport; Building Construction and Facility Management; Information Technology; and Energy and Environment - collectively contributed 68 percent of the total GVA to the economy (AED8.6 billion) or the economic output retained within the local economy. These high-performing sectors were also responsible for attracting 65 percent of total international attendees.

< 저작권자 © eseoulpost 무단전재 및 재배포금지 >
폰트키우기 폰트줄이기 프린트하기 메일보내기 신고하기
트위터 페이스북 미투데이 요즘 네이버 구글 msn 뒤로가기 위로가기
이 기사에 대한 댓글 이야기 (0)
자동등록방지용 코드를 입력하세요!   
확인
- 200자까지 쓰실 수 있습니다. (현재 0 byte / 최대 400byte)
- 욕설등 인신공격성 글은 삭제 합니다. [운영원칙]
이 기사에 대한 댓글 이야기 (0)
Most Read
1
UAE establishing new sustainability model, investing in advanced sciences and national talent: Ministers
2
First Well Woman Conference 2019 opens in Abu Dhabi
3
Dubai to host 'Microsoft Ignite' conference on 27th March
4
Noura Al Kaabi visits new headquarters of Arabian Radio Network
5
Masdar to bring solar power to 'off-grid' communities around the world
6
III to bar China-made devices from accessing its internal network
7
Sheikha Fatima Field Hospital opens in Karachi
8
Top N. Korean official en route to Washington
9
MOFA thanks British-Taiwanese All-Party Parliamentary Group for support
10
ADGM launches Sustainable Finance Agenda to develop vibrant sustainable finance and investments hub
Photo News Green Biz
Plastic wastes from Korea legal: MisOr ecozone exec
Plastic wastes from Korea legal: M...
min
Spotlight on UAE's environmental efforts at Urban Sustainability Week
Spotlight on UAE's environmental e...
min
DEWA invites customers to take up Shams Dubai to generate onsite solar power
DEWA invites customers to take up ...
min
World Green Economy Summit to kick off in October
World Green Economy Summit to kick...
min
Abu Dhabi hosts The First Regional Biodiversity Forum in the Gulf Region
Abu Dhabi hosts The First Regional...
min
Photo News Sports
Koreas agree to formally inform IOC of intent to co-host 2032 Olympics
Koreas agree to formally inform IO...
min
Etisalat sponsors UAE Paralympics at Asian Para Games
Etisalat sponsors UAE Paralympics ...
min
Taichung to host first Asia-Pacific Youth Games in 2019: mayor
Taichung to host first Asia-Pacifi...
min
Asiad PHL gold winners come home
Asiad PHL gold winners come home
min
More history for Koreas in canoe; sport climber, hurdler grab gold medals
More history for Koreas in canoe; ...
min
Shooter wins Taiwan's 2nd gold at Asian Games (update)
Shooter wins Taiwan's 2nd gold at ...
min
Two taekwondo golds among 11 medals for S. Korea on Day 1
Two taekwondo golds among 11 medal...
min
Taiwan team wins first gold medal at Asian Games
Taiwan team wins first gold medal ...
min
Photo News World
Koreas agree to formally inform IOC of intent to co-host 2032 Olympics
Koreas agree to formally inform IO...
min
Etisalat sponsors UAE Paralympics at Asian Para Games
Etisalat sponsors UAE Paralympics ...
min
Taichung to host first Asia-Pacific Youth Games in 2019: mayor
Taichung to host first Asia-Pacifi...
min
Asiad PHL gold winners come home
Asiad PHL gold winners come home
min
More history for Koreas in canoe; sport climber, hurdler grab gold medals
More history for Koreas in canoe; ...
min
Shooter wins Taiwan's 2nd gold at Asian Games (update)
Shooter wins Taiwan's 2nd gold at ...
min
Two taekwondo golds among 11 medals for S. Korea on Day 1
Two taekwondo golds among 11 medal...
min
Taiwan team wins first gold medal at Asian Games
Taiwan team wins first gold medal ...
min
Photo News Opinion
3 dead, 2 missing after fishing boat capsizes off southern coast
3 dead, 2 missing after fishing bo...
min
Ex-Supreme Court chief to be grilled in power abuse probe
Ex-Supreme Court chief to be grill...
min
Samsung's Q4 operating profit tumbles 28.7 pct on tepid memory demand
Samsung's Q4 operating profit tumb...
min
Samsung's Q4 operating profit tumbles 28.7 pct on tepid memory demand
Samsung's Q4 operating profit tumb...
min
Court orders ex-President Chun to appear in libel case
Court orders ex-President Chun to ...
min
Central bank to continue accommodative monetary policy in 2019: BOK chief
Central bank to continue accommoda...
min
S. Korean economy to grow in mid-2 pct range in 2019: poll
S. Korean economy to grow in mid-2...
min
S. Korea's exports surpass US$600 bln for first time in 2018
S. Korea's exports surpass US$600 ...
min
Newspaper AboutNews ReportAdvertiseComplaintsPrivacy PolicyJuvenile protectionRejection of E-mail Collection
Gangnam-gu, Teheran 52 street in Tehran Bldg, 616(Yeoksam-dong)  |  Main Phone: 02) 563-0604  |  Fax: 02) 538-5665
Chairman : jeong-woo Lee  |  Advisor : byung-il Min  |  Publisher: jae-mo Kah  |  Editors: il-hong Kim
Registration Number 1928 Seoul ah  |  eseoulpost.com / eseoulpost.net / Global Korea.,Ltd
Copyright © 2011 eseoulpost. All rights reserved. mail to jaemokah@daum.com , kih10kr@empas.com/ www.globalkorea.info
arabafrica.net / UAE Interract / Emirtes News Agency(WAM)/ http://wam.org.ae / www.uaeinteract.com