Market Information

The World Trades in Dubai

  • Dubai is world's third largest re-exporter with over 70% of imports being re-exported to more than 160 countries
  • The region will witness 900 new hotels opening in the period up to 2020
  • Saudi Arabia & UAE, GCC's largest economies are worth US$374 Billion and US $114 Billion respectively
  • Emirates Airlines flies directly to 17 cities in emerging African countries
  • UAE ranks third globally in annual two-way trade with India
  • India's retail industry is estimated to grow to US $ 70 billion by 2010
  • The GCC food imports hit US$10billion in 2007
  • The Middle East foodservice market is estimated to be worth more than US$31 billion annually
  • Global trade in Halal food products is estimated to be US$80 billion
  • Oman's economy registered a year on year growth of 13% in its GDP
  • Saudi Arabia's total import s valued at US$80 billion in 2007
  • Kuwait's revenue in 2006 topped US$37 billion, a 17% increase over the same period in 2005
  • Kuwait's mass grocery retail sector is expected to grow 22.8% between 2006 - 2011 with a value of US$ 1.79 billion
  • Algeria saw its GDP grow to a healthy US$250 billion in 2007
  • Tunisia's economy expanded by 5.4% in 2006
  • World Tourism Organisation projects that the Middle East will continue to be the world's fastest growing tourism market reaching an annual growth rate of 6.7% up to 2010