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Dubai’s Expo Spurs Tourism, Boosting UAE Business Activity

Dubai Resets After Covid-Ravaged Year With $7 Billion Expo
Photographer: Christopher Pike/Bloomberg
Updated on

Business activity in the United Arab Emirates rose to the highest level in more than two years last month, helped in part by an influx of tourists drawn to Dubai’s Expo 2020 event. 

A Purchasing Managers’ Index compiled by IHS Markit rose to 55.7 in October from 53.3 in September, above the 50-mark separating growth from contraction and signaling a significant expansion in the Gulf country’s non-oil private sector. The increase was driven by faster increase in output and new orders.