Dubai World Trade Centre makes major impact on local economy
A report released in June found that large-scale exhibitions, trade events, conventions and conferences hosted at the Dubai World Trade Centre (DWTC) in 2015 contributed Dhs12 billion (USD 44 billion) towards Dubai’s overall economy - equivalent to 3.1 per cent of the emirate’s GDP. The Economic Impact Assessment report observed the impact of MICE events across all sectors including tourism, travel, hospitality and entertainment industries. As an immediate effect of hosting these events at DWTC, a total of 80,400 jobs were maintained as well as the record breaking Dhs12 billion contributing in retained value to the economy. The report concluded that international attendees to business events at DWTC in 2015 typically stayed in the emirate for an average of six days and spent close to Dhs8,268 (USD 2,250) each. In comparison, this is nine times the average expenditure of UAE-resident attendees.
And now, DTWC has kicked off a high-impact events season, with over 100 exhibitions, conferences, trade and entertainment events scheduled until the year’s end. An estimated 1.2 million regional and international visitors are anticipated to attend some of DTWC ‘mega’ shows including Cityscape Global, GITEX Technology Week, Gulfood Manufacturing and Big 5. A 15,500 square metre extension to the indoor complex space has brought the exhibition capacity to over 122,000 square metres as the venue continues to serve as a hub for new business event opportunities in the local MICE industry
Ahmed Alkhaja, SVP – Venues, DWTC said: “As we go into another busy events season, we look forward to hosting a diversified events calendar that will connect businesses from around the world. Our aim is to continue to provide the most conducive international platform where businesses from the East and West can showcase their work, find the right partners, and see a tangible return on investment – driving economic growth and creating value.”