Wholesale, retail compose 11% of GDP

Hamad Buamim copy


Wholesale and retail trade in the UAE is an important sector, constituting more than 11 percent of the gross
domestic product(GDP) of the country and nearly 30 percent of the GDP of the Emirate of Dubai.
Hamad Buamim, President and CEO, Dubai Chamber, in a statement to Emirates News Agency, WAM, announced that Dubai will host the 10th edition of the World Retail Congress(WRC) this year and the world’s most exclusive retail event for senior executives will be held for the first time outside Europe.
Retail remains a key pillar of Dubai Emirate’s economy, with sales expected to reach AED160 billion this year, and 400,000 square metres of additional retail space expected to be completed by the end of the year across Dubai, according to real estate consultancy, JLL.

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