2016 Highlights of Dubai economy and Dubai Chamber, and outlook for the future

1. Dubai Chamber
Prospects and Outlook
March 27, 2017

2. UAE Highlights
Dubai Chamber 2016
Focus 2016
Way forward 2017-2021
Agenda

3. UAE Highlights 2016

4. UAE Business Climate
1st In Arab World for Doing Business
16th In Global Competitiveness
26th In Ease of Doing Business
UAE
3rd Most Business Friendly City
TOP 10 Influential City In The World
DUBAI
Sources: World Bank Group; World Economic Forum Sources: Jones Lang LaSalle; Forbes

5. Economic Highlights
Global Competitiveness Index 2016-2017 (out of 138 countries)
Italy
S.Korea
Australia
Belgium
UAE
UK
Germany
USA
Singapore
Switzerland 1
2
3
5
7
16
17
22
44
26
Source : DCCI, World Economic Forum

6. Economic Performance
*3.7% 2016 GDP growth
UAE
Source: MOE
*2.7% 2016 GDP growth
DUBAI

7. 30% Share of trade in GDP
$349 bn Trade in 2015
$348 bn Trade in 2016
Trade and Commerce
TRADE IS THE BIGGEST
CONTRIBUTOR TO DUBAI’S GDP

8. 14.2 mn visitors in 2015 (growth 7.5%)
14.9 mn visitors in 2016 (growth 5%)
20 mn tourists by 2020
Tourism and Hospitality
676 hotels – 102,845 rooms
4,457 new rooms in 2016
139 new hotels by 2017
Sustained Growth

9. 78 mn in 2015 (+11%)
86.3 mn in 2016 (+7%)
Al Maktoum International on track
Dubai International Airport 2016
2.5 mn tonnes of cargo in 2015 (+3.4%)
2.59 mn tonnes of cargo in 2016 (+3.4%)
AED7 bn Duty Free sales

10. THEPLACE
Preferred for living,
working and visiting
THEGOVERNMENT
Pioneering
and excellent
THESOCIETY
Inclusive and
cohesive
THEECONOMY
Pivotal hub in the
global economy
THEPEOPLE
Happy, creative
and empowered
THESPACE
Smart and
sustainable

11. Dubai Industrial Strategy 2030
AED
160 bn
AED
18 bn 27,000
AED
700 mn
AED
16 bn
Forecast
Increase in GDP for
industrial sector
Increase in Exports Increase in R&D
expenditures
More specialized jobs
Source: Dubai Chamber, based on data from “2021 Dubai Plan-Dubai Industrial Strategy 2030”
Increase in Dubai’s
total GDP
Target Industrial sub-sectors
Aerospace Maritime Pharmaceuticals &
medical equipment
Fast Moving
Consumer
Goods (FMCG)
Aluminum &
fabricated
metals
Machinery &
equipment

12. EXPO 2020
$9 bn Investment on infrastructure
development & operation
25 mn Visitors
100% Increase in number of hotel
rooms in 5 years
Forecast EXPO 2020 e-sourcing portal
60 days Validity periods for proposals
for SMEs
30 days Payment period for SMEs
25% to 50% Upfront payment for services/goods
For more info about Expo 2020 Procurement Portal, please visit https://esource.expo2020dubai.ae

13. Dubai Chamber 2016

14. 16,799
New members in 2016
Membership
9%
Membership growth in 2016
(IN ‘000)
Membership Growth
185
2015
169
2014
153
2013
140
2012
201
2016

15. Member Exports
Exports over last five years
AED 273 bn
Exports in 2016
($74.2 bn)
300
200
150
100
50
0
250
9%
8%
2%
(1%)
2012
2013
2014
2015
(AED BILLION)
(-4.4%)2016

16. Certificates of Origin
% Over previous years
923,056
Certificates of Origin issued in 2016
1,000
600
400
200
0
800
(IN AED ‘000)
7%
10%
8%
5%
2012
2013
2014
2015
-0.75%2016

17. ATA Carnets
66
104
137
194
2012
2013
2014
2015
1962016
392011
ATA Carnets Issued & Received: 5,500
Value : AED3.1 bn
ATA Carnets issued

18. Mediation & Arbitration
Mediation Arbitration
710
Cases in 2016
555
Cases in 2015
214
Cases in 2016
183
Cases in 2015

19. Customer Service
377,499
Customers served in 2016
330,000
Customers served in 2015

20. Policy Advocacy
Federal Laws
Cabinet Decisions
Ministerial Decisions
Federal, ministerial,
and local legislations
46
UAE Authorities Drafts
Dubai Legislation Drafts
GCC Legislation Drafts

21. • Provided 18,300+ information services
• Reports: Islamic Economy, Latin America: Room for Growth, LatAm-GCC Trade and
Investment, A Common Wealth: Building Gulf-CIS ties
• 1,400+ additions to eLibrary
Business Intelligence
Economic
bulletins
48 Trade and
investment briefs
12 Business intelligence &
Economic Trends reports
29 Survey reports
37

22. Launched in
February 2014
Dubai Association Centre
Managed and supported by:
• Dubai World Trade Centre
• Dubai Tourism
• Dubai Chamber
32 associations
established

23. Received over
6000 delegations
from over 140 countries
over last four years
Inbound Delegations 2013-2016
2014 2015
2,000
1,616
427
673
Delegations Received
Delegates Received
2013
916
238
2016
1,525
681

24. Inbound Delegations – Ministerial Visits

25. 50 cities, 34 countries
Outbound Delegations 2016

26. 78 Trade missions, including:
• Netherlands
• South Africa & Mozambique
• Azerbaijan & Georgia
• Kenya & Ethiopia
• China
Trade missions 2016

27. HE Enrique Peña Nieto, President, Mexico
Key visits 2016
HE Teodoro Obiang, President, Equatorial Guinea

28. HE Uhuru Kenyatta, President, Kenya
Key visits 2016
HE Gabriela Michetti, Vice President, Argentina

29. • Country Focus Hungary
• Malta Business Briefing
• UAE–Slovenia Seminar
• Dubai-Rotterdam Business Forum
• Dubai Hamburg Business Forum
• Kazakhstan Business Briefing
Country specific events 2016

30. KEY FOCUS

31. Key Focus
InnovationInternational Expansion Islamic Economy

32. INTERNATIONAL EXPANSION

33. International Markets
Africa CIS AsiaLatin America

34. International Offices

35. Organized 3rd AGBF in 2015
1,300 decision makers from 50 countries
24African countries
Drive to Africa
Over 100 bilateral meetings
Gateway to Africa app
4th AGBF in November 2017

36. 800 participants
32 countries
Drive to Latin America
32 speakers
15+
Government
officials
120 bilateral
meetings
Roadshow 2017
• Brazil
• Paraguay
• Argentina

37. 1,000participants
50countries
Drive to CIS
100bilateral meetings

38. 11th World Retail Congress: 4-6 April, Dubai
• 2nd year in Dubai
• Attendees from 65+
countries
• 2017 theme “Reimagining
the customer experience”.
• 1,000 leading retailers
and industry experts
expected

39. ISLAMIC ECONOMY

40. Global Islamic Economy:
Estimated At Above $8 trillion
Islamic Economy
Islamic Banking Assets
(Trillion)
2014 2020
$1.8
$2.6

41. TOP 10 Rankings
Global Islamic Economy Rankings
Malaysia 121
UAE 86
Bahrain 66
Saudi Arabia 63
Oman 48
TOP 10 Countries Gie Indicator Score
Pakistan 45
Kuwait 44
Qatar 43
Jordan 37
Indonesia 36
Islamic finance
• Malaysia
• UAE
• Bahrain
• Saudi Arabia
• Oman
• Kuwait
• Pakistan
• Qatar
• Indonesia
• Jordan
Halal food
• UAE
• Australia
• Pakistan
• Brazil
• Malaysia
• Oman
• Somalia
• Saudi Arabia
• Bahrain
• Qatar
Halal Travel
• UAE
• Malaysia
• Turkey
• Singapore
• Jordan
• Maldives
• Iran
• Lebanon
• Oman
• Saudi Arabia
Modest Fashion
• UAE
• Turkey
• China
• India
• Italy
• Sri Lanka
• Bahrain
• France
• Singapore
• Togo
Halal Media
and recreation
• UAE
• Singapore
• Bahrain
• Lebanon
• UK
• Qatar
• France
• Germany
• Kuwait
• Australia
Halal Pharma
and Cosmetics
• UAE
• Malaysia
• Singapore
• Egypt
• Pakistan
• Jordan
• Saudi Arabia
• Indonesia
• Oman
• Brunei

42. Islamic Economy
• Organised 3rd GIES in 2016
• 3,000 delegates
• 57 countries
• 66 speakers
• 19 sessions
• GIES Roundtables

43. INNOVATION

44. We have doubled our investments in innovation and in the equipment, training and
education of expert national cadres, because keeping pace with the world around us
requires innovative resources and an environment that is supportive of innovation.
Innovation Rankings
HH Sheikh Mohammed bin Rashid Al Maktoum
Vice President and Prime Minister of the UAE and Ruler of Dubai

45. Innovation Strategy
Innovation Lab Innovation Index Innovation Award
Investment of AED 100 million over next three years
MBR awards important and strategic driver of innovation
Innovation Strategy

46. INNOVATION INDEX
1 New York
2 Paris
3 Hong Kong
4 London
5 Tokyo
6 Singapore
7 Stockholm
INNOVATION SCORES ACROSS
CITIES
8 Seoul
9 Zurich
10 Copenhagen
11 San Francisco
12 Berlin
13 Toronto
14 Sydney
15 Dubai
16 Madrid
17 Riyadh
18 Doha
19 Shanghai
20 Kuala Lumpur
21 Beijing
22 Milan
23 Moscow
24 Mexico City
25 Johannesburg
26 Sao Paulo
27 Nairobi
28 Bangalore
Dubai ranks 15th out of 28 peer global
cities in innovation.

47. WAY FORWARD: 2017-2021

48. Dubai Chamber: New strategy overview
Positioning the Chamber to:
• Become Dubai’s happiest place to work
• Achieve institutional excellence
through innovation
• Leverage smart technology and data
• Diversify revenue sources
• Sustainable management of resources.
Enablers
Implementation of:
• Dubai 2021
• Pro Dubai
• Business Voice
• Entrepreneurship
• Activate Dubai
• Best Chamber
Strategic Initiatives

49. DUBAI 2021
49
Strategy activation tactics
Pro Dubai Business Voice Entrepreneurship
Major third party global events (e.g. Expo 2020)
2021 Impact Award and Summit
The MBR Centre for Economic Policy Research
International offices
International Business Promotion Events
International Business Network
Anchors
The Global Business Forum series
Advocacy platform for members
Strategic agenda of key priorities
backed by research
Council of leaders
The Entrepreneur Hub
Tailored membership offering Member Experience Service Centre
Organisational Performance Dubai Chamber High Performance AwardsBest Chamber
Activate Dubai
New Existing Flagship

50. Visit of President of
Costa Rica:
HE Luis Guillermo
Solís
2017 Q1 highlights
Visit of President of
Paraguay:
HE Horacio Cartes
India Roadshow:
Chief Minister of
Maharashtra:
• HE Devendra Fadnavis
• HE Gujarat: Vijay
Rupani

51. Dubai Chamber
Prospects and Outlook
March 27, 2017