2020 has been one of the most insane time many of us have lived through. But as we draw ever closer to 2021, there’s some potential news coming through, with the prediction that Dubai’s economy is set to grow in 2021.
As per Dubai Media Office, Dubai’s economy is forecasted to grow by 4 per cent in
HE Sami Al Qamzi, Director General of Dubai Economy stated: “Our leadership’s directives were focused on ensuring that the short-term impact of the COVID-19 pandemic does not translate into a long-term economic hardship that would inflict lasting damage on people and businesses by way of job losses and bankruptcies.”
This paved the way for Dubai to be one of the first cities to gradually reopen its markets and businesses. Sami Al Qamzi added, “Under the directives of HH Sheikh Mohammed bin Rashid Al Maktoum, Dubai was a pioneer in launching initiatives to overcome challenges faced by individuals and businesses, which had a significant positive impact on minimizing the economic impact of the pandemic.”
Keeping all these facts in mind, Dubai Economy estimates growth to accelerate to four per cent in Dubai in 2021.