Biggest expansion in five years for Dubai

Three years since global markets were rocked by Dubai World’s decision to renegotiate US$25 billion (Dh91.83bn) of debt, the emirate’s economy is bouncing back with its fastest rate of growth since 2007.

Dubai’s economy grew at a rate of 4.1 per cent year-on-year during the first half of this year, led by the tourism sector, according to the Dubai Statistics Centre.

The rate was the emirate’s biggest increase in GDP since five years ago, when the economy registered an 18.1 per cent rate of growth.

This is another sure sign that the Dubai economy is healthy and growing, meaning that Dubai remains a great place for Emirati and Expats to start and build their careers.

About the author

Kazim Ladimeji is the Director of thecareercafe.co.uk—a resource for start-ups, small business and job seekers. It includes a blog with career and small business advice articles. Kazim is a Chartered Member of the Chartered Institute of Personnel and Development, and has been a practising HR professional for 14 years.

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