Open data to add Dh10.4b annually to Dubai’s economy

Data has the potential to add Dh10.4 billion to Dubai’s economy every year, according to the Dubai Data Report, released on Tuesday. Smart Dubai, who published the report in partnership with KPMG, said that these gains could be realized by 2021.

“The public sector alone can add a value of Dh6.6 billion to the economy every year,” Younus Al Nassar, Assistant Director General, Smart Dubai, said at Arabnet on Tuesday. “We wanted to prioritise data sets that were most valuable to the economy. We discovered that geospatial is the most valuable, followed by traffic and transport,” Al Nassar added.

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Source: Gulf News

Dubai Expo 2020 ‘can lift GDP by 2%’ through jobs, tourism boost

The slowdown in the UAE’s non-oil real GDP growth appears to have bottomed out and Dubai can expect a 2 percent Expo 2020 boost to its GDP, according to a new report by Bank of America Merrill Lynch.

Its report said that the UAE has managed a soft landing, with a less pronounced cycle than in the global financial crisis in 2008.

It noted that incremental government capital spending for the Dubai Expo in 2020 can increase Dubai GDP growth by 0.5 percent in 2017-2019.

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Source: Arabian Business

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