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Dubai becomes the World’s Fastest-Recovering Destination

Published on October 14, 2023
Current Context: Dubai has proven its mettle as the world’s fastest-recovering destination in the services sector, marking an impressive growth rate of 3.2% in the first half of 2023. This achievement has underpinned Dubai’s standing as a leading city that defies economic challenges, driven by visionary leadership.
Dubai becomes the World’s Fastest-Recovering Destination
  • Some of the key sectors that contributed to Dubai’s growth are transportation, wholesale and retail trade, financial and insurance, accommodation and food services, real estate, information and communication, and manufacturing.
  • Dubai also welcomed 8.55 million international visitors in H1 2023, marking a 20% growth compared to the same period last year.
  • This figure surpasses the number recorded prior to COVID-19 when the city welcomed 8.36 million international visitors in H1 2019.
  • Dubai’s success in the services sector showcases its resilience and adaptability in a rapidly changing global landscape, setting an inspiring example for recovery and growth.

Question:

Q.1 What was the growth rate of Dubai’s services sector in the first half of 2023?
a. 2.1%
b. 3.2%
c. 4.3%
d. 5.4%
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