Stronger and Stable Results of Dubai Business in 2018

PUBLICATIONS / Articles / 2018 / Stronger and Stable Results of Dubai Business in 2018
In 2018 Dubai has seen a stable and much stronger growth results. More than 88 per cent of companies confirmed higher achievements in 2018.  

The fruitful outcome is estimated in terms of the revenues and sales of the companies. The results are lying in the new projects and the higher seasonal tourist arrivals. In addition, the government is accelerating the sustainable business conditions and investment climate of Dubai business and investment hub. 

Services sector keeps growing and leading the business of Dubai, followed by manufacturing, which is the second sector with focus on growth in Dubai.

To sum up, the Business Confidence Index has increased up to 118,5 points in the third quarter 2018.  The survey proves the most confidence in business perspectives including all parameters of revenues, volumes, prices, profits, hiring, and orders. Among the traders, the domestic market oriented companies are more optimistic than export oriented companies. 

Business Confidence Index for SMEs and large companies was recorded at 111 and 123,5 points. More than half of respondents anticipate a better business environment. The most common challenges faced by businesses in Dubai are demand conditions and competition. 

Dubai has also accelerated the attempts to bring new talents into manufacturing in order to become leading industrial and export hub. The businesses are optimistic about their plans from which 66 per cent of manufacturing sector, 65 per cent of services companies, and 60 per cent of trading companies. However, services companies are more positive about technological update (69 per cent) plans compared to manufacturing (65 per cent) and trading companies (59 per cent). 

 

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