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  • 10-01-19

    Dubai to see sharp GDP boost over Expo 2020

    (MENAFN) Fitch Solutions Macro Research reported that Dubai is forecast for a significant boost in its real GDP growth 2019-2020 due to Dubai Expo 2020.

    Real GDP growth will be driven by several projects launched for Dubai Expo, including a USD7 billion exhibition center and a USD2.9 billion expansion project for the Dubai Metro Red Line.

    According to Fitch Solutions, the government is projecting an increase in room supply by this year's end to hit 132,000.

    The report added: "while the government's expectations are likely to be somewhat optimistic, we still expect a considerable boost to tourism inflows during the event."

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