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Innovation, free zones and technology fuel Dubai’s non-oil economy

Mon, October 19, 2020

With 6.5 billion people living within an eight-hour flight, Dubai offers access to the largest growth markets, and is a world nerve centre for investment.

With 6.5 billion people living within an eight-hour flight, Dubai offers access to the largest growth markets, and is a world nerve centre for investment.

Finance

6%

Value growth

Dubai’s non-oil external trade surged to US$373.26 billion in 2019

Source: Gulf News
Trade Exchange

11%

Increase in free zone foreign trade

More than US$161 billion dollars was traded via Dubai’s free zones in 2019

Source: Gulf News
FDI

8th

Global financial centre

Dubai was ranked 8th in the International Financial Centre’s Global Financial Centres Index

Source: Global Financial Centres Index
Future-focused
Known as "the city of the future", Dubai is a leading centre for research and development (R&D) in emerging industries such as artificial intelligence (AI), robotics, fintech, autonomous transport, and blockchain technology.

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