Businesses in Dubai are confident about closing the year on a strong note.
According to the Department of Economic Development’s quarterly survey, more companies are expecting an increase in sales revenues and volumes over the coming months.
The services, travel & hospitality sectors are the most optimistic ones, while large firms are more upbeat compared to SMEs.
The high confidence level is mainly driven by a rise in new projects and the optimism surrounding Expo 2020 Dubai.
Meanwhile, companies have cited a delay in payments and rising competition as the major challenges they’ve been facing.
'World's Coolest Winter' boosts UAE tourism, hotel revenues hit AED 12.5 billion
UAE and Sierra Leone sign major trade pact
IMF chief praises UAE's model of economic diversification
India budget seeks manufacturing pivot, but falls short of expectations
Dubai Duty Free records highest ever January sales
