Tuesday, May 21, 2024 In 2023, Dubai World Trade Centre (DWTC), a prominent player in the events and exhibitions sector worldwide, showcased its profound influence on Dubai’s economy. The year witnessed an impressive influx, with 2.47 million participants gracing its halls across 301 events.
Notably, 76 of these gatherings were substantial in scale, drawing in 1.54 million attendees, among whom 46% hailed from international destinations. The 2023 Economic Impact Assessment (EIA) Report by DWTC showcased a remarkable boost in total economic output, hitting US$4.
98 billion. This surge, representing a staggering 40% year-on-year increase, was attributed to the success of its 76 large-scale events, each drawing 2000 or more attendees. Moreover, the report highlighted significant returns for sectors closely linked to the Meetings, Incentives, Conferences, and Exhibitions (MICE) ecosystem, including Travel, Accommodation, and Retail.
DWTC’s extensive events contributed a significant US$2.87 billion to Dubai’s GDP, representing an impressive 58% retention of economic output within the local economy. International attendance surged by 53%, with visitors from abroad contributing 6.
2 times more than domestic attendees. These events also played a vital role in supporting 69,281 jobs and generating US$915 million in disposable household income for Dubai’s residents. Beyond the direct financial gains, they have facilitated socio-economic progress, bolstering Dubai’s position as .
