The exhibition tells a story of mobility starting with nine-meter-tall historical giants of mobility whose innovations helped navigate the world and paved the way for the technology we use today. Its name comes from the first letter of the Arabic alphabet and symbolizes the beginning of progress and new horizons. ![]() It was designed by the award-winning Foster + Partners group and features the world’s largest passenger elevator which can transport more than 160 people at a time. “Growth is expected to accelerate in 2022 … driven by the continuous recovery of activities that were most affected by the pandemic, such as tourism and international transport, which will also benefit from Expo 2020 activities in the first months of 2022,” the DED said.ALIF – the Mobility Pavilion is a great experience to participate in. However, construction activity is likely to decline in 2021 by 2 per cent as a result of “stabilisation in the construction of residential, office and hotel space, and a relative decline in construction related to infrastructure following rapid growth recorded in the years before 2020". “The wholesale and retail trade sector is also expected to regain a large part of its activity following the Covid-19-induced slowdown, achieving a growth of 4.7 per cent in 2021,” according to government estimates. Its transport, storage and communications sector is projected to grow by 4.1 per cent, reflecting the “gradual recovery expected until the end of 2021 in tourism and transport activities". The emirate expects the accommodation and food services sector to record 8.5 per cent year-on-year growth in 2021. The forecast by the DED, known as Dubai Economy, also takes into account the expected positive impact of Expo 2020 on economic momentum in the country. In June, Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, launched new initiatives to support family companies, help start-ups and attract more skilled workers to the UAE.īusiness confidence in Dubai has risen to a seven-year peak as companies in the emirate expect conditions to improve ahead of Expo 2020, according to a survey by the Dubai Chamber of Commerce & Industry. In June, Dubai reduced or cancelled fees for 88 government services to reduce financial pressures on businesses, lower the cost of living, support investors and improve the business environment in the emirate. “Between September 2020 and July 2021, Dubai witnessed a relatively faster recovery in sectors such as transport and tourism compared to other countries.”Ī nationwide campaign at pace to inoculate the population against the pandemic has also boosted investor confidence and put the economy “firmly on the recovery path”, Mr Al Qamzi added. “These packages came on top of economic support measures launched by the UAE Federal government,” Sami Al Qamzi, director general of Dubai Economy, said. Tourism and real estate sectors that are key to Dubai's economy have made a significant recovery on the back of stimulus packages worth Dh7.1 billion ($1.93bn) since the outbreak of Covid-19 to support the economy, businesses and people. The economy of Dubai, the commercial and tourism hub of the Middle East, has bounced back strongly from a pandemic-driven slowdown that disrupted global trade flows and severely affected travel and tourism sectors last year, tipping the world economy into its worst recession since the 1930s. “Over the coming years, Dubai promises to be an even bigger global destination for investment and talent, and a city that offers exciting new opportunities for businesses, entrepreneurs and innovators.” “Cumulatively, these moves revitalised the economy and stimulated a strong flow of local and foreign investment, allowing the emirate to resume its journey of development, diversification and sustainable economic growth,” Sheikh Hamdan said.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |