DWTC says shows contributed $3.2bn to Dubai economy in 2015

The spending associated with large-scale exhibitions, trade events, conventions and conferences hosted at Dubai World Trade Centre in 2015 has contributed AED12 billion ($3.26 billion) in retained value towards Dubai’s economy, according to a new report.

The latest Economic Impact Assessment report released by DWTC said the spending is equivalent to 3.1 percent of the emirate’s gross domestic product.

The 2015 annual report also focused on the cross-sectoral impact of MICE events driving incremental value across tourism, travel, hospitality and entertainment industries, collectively supporting over 80,400 jobs.

Estimating the total economic output at over AED20.9 billion for 2015, the study said that nearly 57 percent of all the layers of spend generated by these events has been retained within the domestic economy.

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