Www.dcci.ae Dubai & the Horizons of Development 29 October 2007

www.dcci.ae

Dubai & the Horizons of Development

29 October 2007

2Dubai Chamber of Commerce & Industry 2007

Contents

UAE Economy 2006

Dubai Economy

Dubai Mega Projects

Dubai 2015


UAE GDP 2006

The nominal GDP reached more than $150 billion in year 2006 with a growth rate of 13% compared to 2005

Non-Oil GDP is more than $110 billion representing 73% of the total GDP

Expected growth for 2007 is 7%


Differentiated

investment

regulations

UAE Non-Oil GDP 2006

Dubai 42%

Abu Dhabi 40% Sharjah 10%

Al Fujairah 2%

Ras Al

Khaima 3%

Umm Al Quwain 1%

Ajman 2%

Total Non-Oil GDP by Emirate


GDP

GDP per Capita

Non-oil GDPas % of GDP

FDI as % of GDP

Service Sectoras % of GDP

Dubai – Important Figures.. Present

2005

US $37 Billion

US $31,000

95%

78%

9%


Dubai has exceeded economic growth rates of neighboring and leading international countries

Real GDP Growth – Comparisons with Gulf & International Countries(2000-2006)


Dubai Foreign Trade

Dubai’s non-oil foreign trade reached $143 billion in 2006 compared to $132 billion in 2005 recording a 9% rise

Dubai's Foreign Trade (2000-2006)

138167

197

480524

337

244

0

100

200

300

400

500

600

2000 2001 2002 2003 2004 2005 2006

Years

Va

lue

in A

ED

bill

ion


A total of 6.3 million people and visitors used Dubai hotels in 2006 compared to 1.9 million in 1996

Currently there are 305 hotels-31,000 rooms with an occupancy rate of more than 85% through out the year

Year 2015 – 100,000 Rooms for 15 million visitors

Dubai Hotels


Dubai International Airport

Aircraft movement at Dubai International Airport witnessed a growth of 9% during 2006 as it handled an average of 650 flights per day compared to 595 flights in 2005

Dubai International Airport is connected to over 194 destinations through a network of 113 international airlines


A total of 29 million passengers have used Dubai International Airport in 2006 compared to 25 million in 2005, recording a 16% rise

The number of passengers using Dubai Airport is expected to rise to 33 million during 2007



The expansion projects at Dubai Airport with a total cost of $410 million will enable it to handle over 75 million passengers compared to 25 million at present



Dubai World Central

World’s first truly integrated logistics platform including manufacturing and assembly

140 Square Kilometers of urban aviation community in Jabel Ali

Dubai World Central consists of: Residential City Logistics City Enterprise Park Commercial City Golf Resort International Airport


Logistics City

Designed to handle 12 million tones of Air Cargo annually and up to 16 Air Cargo Terminals

Includes the world’s largest airport with a capacity of 120 million passengers annually

Expected to be completed by March 2009


DP World

Has operations offices in 30 countries

It caters for 53 container terminals, 4 free zones, and 3 logistics centers

It is considered as the third largest global operator

DP expansion project is the construction of Jabel Ali Terminal 2 with the cost of $1.5 billion increasing its capacity by 5 million TEUs


Dubai Metro

One of the longest Metros in the world

42 stations including nine underground stations

A total of 87 electronic trains with a 600 passenger capacity


Dubai International Financial Center

The DIFC is a Free Zone offering 100% foreign ownership


Dubai International Financial Center

DIFC covers 110 acres that contains 4 million sq meters of development 2 million of which are above

ground and 2 million below ground with provision for 36,000 car parking spaces

DIFC offers a zero % tax rate, and a combination of zero tax with 33 bi-lateral tax treaties signed with

countries such as India, Italy, Germany, Singapore, and Luxembourg making it very tax efficient globally


Set to be the world’s tallest building

More than 800 meters in height with an estimated cost of more than $821 million

Currently the tallest building in the world standing at 143 floors (about 521.7 m)

Burj Dubai


Palm Jumeirah Palm Jabel Ali

The Palm Islands


Jumeirah is the smallest among the palms with an estimated infrastructure cost of $1.5 billion, Contains 2,500 villas and 36 hotels

Palm Jabel Ali is 50% larger than the Palm Jumeirah with an estimated infrastructure cost of $2 billion

The Palm Islands


The largest tourist project to be built in Dubai with total investment of more than $27.4 billion

Recently, the investment in this project was doubles to $55 billion

Expected to be completed by 2014

Bawadi


A 75 square kilometer strip similar to Las Vegas with 61 themed hotels (60,000 rooms), including the 6,500 room Asia-Asia hotel, the world’s largest

Bawadi will also house the world’s largest shopping area of over 40 million sq ft

The project will increase the number of tourists visited Dubai to as many as 15 million in the next decade

Bawadi


Dubai Health Care City

The goal of creating a regional center of excellence in medical education and life research development in

the ME

The world’s first health care free zone

DHCC and Harvard Medical International will oversee a quality assurance system that will guide continuous

improvement throughout the entire site


By 2015: Dubai aims to achieve ambitious economic targets – Growth rates will be reflected on the size of economy, individual income & productivity..

Select Economic Indicators – 2005 Actual vs. 2015 Targets


Dubai…where the future starts

Documents

Www.dcci.ae Dubai & the Horizons of Development 29 October 2007