GITEX GLOBAL 2022 has generated $707 million (AED 2.6 billion) worth of total economic output, according to Dubai World Trade Centre’s (DWTC) Economic Impact Assessment Report
With 170,000 people in attendance, the global event saw 57 percent of the business generated (AED1.4 billion, $394 million) retained in Dubai’s economy.
The 42nd edition of the tech show, which took place from 10-14 October 2022 at DWTC, was estimated to support 9,600 jobs generating disposable household income of $126 million (AED463 million), a 55 percent increase from 2019.
A key contributor to the UAE economy
Omar Sultan Al Olama, Minister of State of Artificial Intelligence, Digital Economy and Remote Work Applications, and Chairman of Dubai Chamber of Digital Economy, said that the UAE is moving forward towards new futuristic horizons, under the directives of its wise leadership, leading to new summits of growth and comprehensive sustainable development.
He added that the UAE is pioneering the pivotal sectors of tomorrow’s economy to continue its development path including artificial intelligence, digital transformation, knowledge economy, and the 4th industrial revolution, among others, propelled by its proactive strategies that consolidates its status as a global economic hub
Al Olama further emphasised the importance of organising GITEX Global 2022, and its remarkable success that reaffirms Dubai’s leadership and status as a global business and tech investment destination of choice.
Helal Saeed AlMarri, Director General of the Dubai World Trade Centre, said, “GITEX has been a key contributor to the economic growth of Dubai. The 42nd edition in 2022 has achieved unprecedented success across all levels, positioning Dubai and the UAE at the forefront of future technologies.
“DWTC has always been a flag bearer for the global MICE sector, especially in asserting the greater need for events in the post-pandemic new economy. GITEX GLOBAL 2022 has not only been a resounding endorsement of this fact, but has also reflected the confidence of 176 nations in Dubai as the global capital for business and tourism.”
Global attendees drive economic impact
According to DWTC, the 40 percent share of international attendees at GITEX GLOBAL 2022 represents a big jump surpassing previous editions reflecting the truly global stature of the event.
The report noted that half of all international attendees travelled with a companion this year, while staying in Dubai for an average of 6.4 days.
The average spend of AED 13,000 per international attendee during the show on goods and services including flights, hotels, entertainment, and retail, was five times that of UAE-based attendees.
