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Www.dcci.ae Dubai & the Horizons of Development 29 October 2007.

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Presentation on theme: "Www.dcci.ae Dubai & the Horizons of Development 29 October 2007."— Presentation transcript:

1 Dubai & the Horizons of Development 29 October 2007

2 Dubai Chamber of Commerce & Industry Contents UAE Economy 2006 Dubai Economy Dubai Mega Projects Dubai 2015

3 Dubai Chamber of Commerce & Industry UAE GDP 2006 The nominal GDP reached more than $150 billion in year 2006 with a growth rate of 13% compared to 2005 Non-Oil GDP is more than $110 billion representing 73% of the total GDP Expected growth for 2007 is 7%

4 Dubai Chamber of Commerce & Industry Differentiated investment regulations UAE Non-Oil GDP 2006

5 Dubai Chamber of Commerce & Industry GDP GDP per Capita Non-oil GDP as % of GDP FDI as % of GDP Service Sector as % of GDP Dubai – Important Figures.. Present 2005 US $37 Billion US $31,000 95% 78% 9%

6 Dubai Chamber of Commerce & Industry Dubai has exceeded economic growth rates of neighboring and leading international countries Real GDP Growth – Comparisons with Gulf & International Countries ( )

7 Dubai Chamber of Commerce & Industry Dubai Foreign Trade Dubais non-oil foreign trade reached $143 billion in 2006 compared to $132 billion in 2005 recording a 9% rise

8 Dubai Chamber of Commerce & Industry A total of 6.3 million people and visitors used Dubai hotels in 2006 compared to 1.9 million in 1996 Currently there are 305 hotels-31,000 rooms with an occupancy rate of more than 85% through out the year Year 2015 – 100,000 Rooms for 15 million visitors Dubai Hotels

9 Dubai Chamber of Commerce & Industry Dubai International Airport Aircraft movement at Dubai International Airport witnessed a growth of 9% during 2006 as it handled an average of 650 flights per day compared to 595 flights in 2005 Dubai International Airport is connected to over 194 destinations through a network of 113 international airlines

10 Dubai Chamber of Commerce & Industry A total of 29 million passengers have used Dubai International Airport in 2006 compared to 25 million in 2005, recording a 16% rise The number of passengers using Dubai Airport is expected to rise to 33 million during 2007 Dubai International Airport

11 Dubai Chamber of Commerce & Industry The expansion projects at Dubai Airport with a total cost of $410 million will enable it to handle over 75 million passengers compared to 25 million at present Dubai International Airport

12 Dubai Chamber of Commerce & Industry Dubai World Central Worlds first truly integrated logistics platform including manufacturing and assembly 140 Square Kilometers of urban aviation community in Jabel Ali Dubai World Central consists of: Residential City Logistics City Enterprise Park Commercial City Golf Resort International Airport

13 Dubai Chamber of Commerce & Industry Logistics City Designed to handle 12 million tones of Air Cargo annually and up to 16 Air Cargo Terminals Includes the worlds largest airport with a capacity of 120 million passengers annually Expected to be completed by March 2009

14 Dubai Chamber of Commerce & Industry DP World Has operations offices in 30 countries It caters for 53 container terminals, 4 free zones, and 3 logistics centers It is considered as the third largest global operator DP expansion project is the construction of Jabel Ali Terminal 2 with the cost of $1.5 billion increasing its capacity by 5 million TEUs

15 Dubai Chamber of Commerce & Industry Dubai Metro One of the longest Metros in the world 42 stations including nine underground stations A total of 87 electronic trains with a 600 passenger capacity

16 Dubai Chamber of Commerce & Industry Dubai International Financial Center The DIFC is a Free Zone offering 100% foreign ownership

17 Dubai Chamber of Commerce & Industry Dubai International Financial Center DIFC covers 110 acres that contains 4 million sq meters of development 2 million of which are above ground and 2 million below ground with provision for 36,000 car parking spaces DIFC offers a zero % tax rate, and a combination of zero tax with 33 bi-lateral tax treaties signed with countries such as India, Italy, Germany, Singapore, and Luxembourg making it very tax efficient globally

18 Dubai Chamber of Commerce & Industry Set to be the worlds tallest building More than 800 meters in height with an estimated cost of more than $821 million Currently the tallest building in the world standing at 143 floors (about m) Burj Dubai

19 Dubai Chamber of Commerce & Industry Palm Jumeirah Palm Jabel Ali The Palm Islands

20 Dubai Chamber of Commerce & Industry Jumeirah is the smallest among the palms with an estimated infrastructure cost of $1.5 billion, Contains 2,500 villas and 36 hotels Palm Jabel Ali is 50% larger than the Palm Jumeirah with an estimated infrastructure cost of $2 billion The Palm Islands

21 Dubai Chamber of Commerce & Industry The largest tourist project to be built in Dubai with total investment of more than $27.4 billion Recently, the investment in this project was doubles to $55 billion Expected to be completed by 2014 Bawadi

22 Dubai Chamber of Commerce & Industry A 75 square kilometer strip similar to Las Vegas with 61 themed hotels (60,000 rooms), including the 6,500 room Asia-Asia hotel, the worlds largest Bawadi will also house the worlds largest shopping area of over 40 million sq ft The project will increase the number of tourists visited Dubai to as many as 15 million in the next decade Bawadi

23 Dubai Chamber of Commerce & Industry Dubai Health Care City The goal of creating a regional center of excellence in medical education and life research development in the ME The worlds first health care free zone DHCC and Harvard Medical International will oversee a quality assurance system that will guide continuous improvement throughout the entire site

24 Dubai Chamber of Commerce & Industry By 2015: Dubai aims to achieve ambitious economic targets – Growth rates will be reflected on the size of economy, individual income & productivity.. Select Economic Indicators – 2005 Actual vs Targets

25 Dubai Chamber of Commerce & Industry Dubai…where the future starts


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