3.13 PM Friday, 24 May 2024
  • City Fajr Shuruq Duhr Asr Magrib Isha
  • Dubai 04:03 05:27 12:18 15:41 19:04 20:29
24 May 2024

Dubai private sector gains momentum in Q2 2017

By Wam

The private sector in the Emirate of Dubai gained momentum by the beginning of Q2 2017 as business conditions improved in key platforms, according to the latest Emirates NBD Dubai Economy Tracker Index.

The index is a composite indicator designed to give an accurate overview of operating conditions in the non-oil private sector economy. The data cited by the index showed that wholesale and retail, travel and tourism and construction remained the best performing sub-sectors monitored by the survey, witnessing the fastest growth rate in 26 months.

The rapid growth reflects the robust resilience of the emirate's economy and supports its growing focus on infrastructure investments in the build up to Expo 2020 Dubai, according to Khatija Haque Head of MENA research at Emirates NBD.