November 9, 2021

Dubai Expo 2020 - A bloom in non-oil business activities

The Dubai Expo 2020 is making rounds of good news for various types of stakeholders and businesses since it opened its doors on 1st October 2021.

The most recent delight is about how Dubai's non-oil economy has witnessed an impressive surge of growth, primarily through the increase in tourism.

The glad tidings of economic growth was observed through the IHS Markit Dubai Purchasing Managers' Index (PMI). The PMI by IHS Markit is a global driven initiative to provide precise and timely-driven health insights of economies around the world. The most recent IHS Markit Dubai Purchasing Managers' Index (PMI) depicted a positive difference when comparing data of two years ago to the current situation.

The seasonally tailored IHS Markit Dubai PMI soared from 51.5 to 54.5 in the span between September and October. This spike in growth reflects the highest rate of improvement in business conditions since the past two years.