Dubai tipped for economic growth

12/09/2011 - Dubai Investment News Posted by Neil King
Dubai tipped for economic growth

Property investors with interest in the Middle East could be among those interested in recent reports regarding the economic future of Dubai.Dubai Chamber of Commerce and Industry (DCCI) has predicted that the emirate's economy will grow by as much as six per cent next year, The National reported.This paints a more positive picture that the International Monetary Fund's latest prediction, which said GDP would rise from 3.3 per cent this year to 3.4 per cent in 2012.Abdul Rahman Saif Al Ghurair, the chairman of the DCCI, told the news provider that the emirate's economic expansion will be driven largely by the trade, tourism and logistics sectors.However, the expert said that the construction and property sectors will be "less strong" and will play a smaller role in Dubai's economic growth."In Dubai, these were always support sectors, even during the height, to main sectors like trade and tourism," he told the news provider.