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Dubai Boosts Spending With $16.3 Billion Budget for 2022

Visitors enter Terra - the Sustainability pavilion during the opening day of the Expo 2020 exhibition in Dubai.

Visitors enter Terra - the Sustainability pavilion during the opening day of the Expo 2020 exhibition in Dubai.

Photographer: Christopher Pike/Bloomberg
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Dubai set out another expansionary budget for this year as the Middle Eastern business hub seeks to offset the impact of the coronavirus pandemic and keep its economy on a growth trajectory.

Spending has been pegged at 60 billion dirhams ($16.3 billion) and revenue at 57.6 billion dirhams, according to Dubai’s Crown Prince Sheikh Hamdan bin Mohammed. Dubai is continuing to work to “realize the emirate’s ambitious future plans, enhance its competitiveness and consolidate its position as a leading global commercial hub,” he said.