Dubai – Mubasher: Economic forecasts of Dubai’s economy have been boosted at the end of 2017, as the index rose 10.8 points to 121.4 points in the third quarter of 2017, compared to 110.6 points in the second quarter.
A total of 65% of the respondent companies expressed their interest in expanding and investing in Dubai at the end of 2017, according to a survey conducted by Dubai Economy.
The strategic plans of Dubai government, alongwith International Monetary Fund’s (IMF) expectations increased investors’ confidence in the economy, the survey’s data reported.
Major companies are more upbeat about the business outlook than the medium and small companies, Dubai Economy revealed.
Companies’ revenues, profits, jobs, orders, and projects are expected to increase in the fourth quarter of 2017, the survey found.
The demand will rise, as tourists’ number grows in the winter, as well as the increase in new projects for Expo 2020 Dubai, Dubai Economy concluded.