Gitex Global 2022 Generated $707m Of Business In Dubai

Gitex Global 2022 Generated $707m Of Business In Dubai

Dubai’s premier tech show Gitex Global 2022 has been a massive success. The show has been reported to create a total revenue of $707 million as per the Economic Impact Assessment Report. It was attended by a huge crowd of around 170,000 out of which around forty percent were international citizens. The tech show which was conducted at the Dubai World Trade Center (DWTC) from October 10 to 14 has generated 9,600 employment opportunities. 

Gitex Tech Is One Of The Key Contributor To the Economic Development Of Dubai

Omar Sultan Al Olama, the minister of Artificial Intelligence, Digital Economy & Remote Work Applications, and Chairman of the Dubai chamber of digital economy said that Dubai has been exploring new domains of innovative technology and sustainable development.

Gitex Tech Is One Of The Key Contributor To the Economic Development Of Dubai

He also said that under efficient leadership, Dubai is moving ahead in its venture to create revolutionary paths in the fields of Artificial intelligence, knowledge economy, etc.

Dubai is forging its economic capabilities to build a global economic community that is complete with all the futuristic technologies and developments that no other country can offer.

After the 2019 event, this year’s event has managed to surpass a lot of expectations by forging itself as the world’s largest tech exhibition with a humongous participation of companies on a global scale.    

Gitex Tech show has been one of the key contributors to the economic development of Dubai and the 42nd edition has created a strong impact in the whole DWTC circle. Helal Saeed Almarri, director general of the DWTC said that Gitex Global has put Dubai on the center stage for future tech and this has also instilled confidence in 176 other countries who are looking forward to Dubai emerging as the ideal hub for tourism and tech investments.

The DWTC has always been a constant presence in the Meetings, Incentives, Conferences, and Exhibitions (MICE) sector and the huge success of the Gitex Tech Show will help build better global networking for DWTC. It is also to be noted that among the forty percent of international attendees, most of them came with a companion and also stayed in Dubai for almost a week.

The event has acquired a global status that everyone is looking forward to like the Dubai Shopping Festival (DSF). The average spending of an international attendee was estimated at $3,500 which was way more than their UAE counterpart and these expenses were inclusive of the travel expenses, accommodation, retail shopping, etc. that were incurred during the visit to the tech show. 

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This year’s Gitex tech show was the biggest to date featuring around five thousand companies from over ninety countries. The exhibition space was one of the largest reaching over two million square feet.

It was also hailed as the World’s best large-scale exhibition by an independent research consultancy. The crown prince of Dubai Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum initiated the Artificial Intelligence (AI) and sustainable tech revolution in Dubai by launching multiple projects with major tech companies around the world.

Dubai Metaverse and Dubai Robotics are some of the most sought-after projects that are in development. These will put Dubai as a prominent investor hub for technologies that create the future. The Gitex tech show is a publicity tool for the development front of Dubai as it can become the face of an investment-friendly emirate nation opening up to a new age of development labeled as the fourth industrial revolution.

The Dubai economy is expected to make a transition into a completely digital economy that is not only capable of enhancing the opportunities for Emiratis but also helps build a global community of the most advanced and sought-after tech. The preparations for the 2023 Gitex event has already begun and for more details visit their website at www.gitex.com.

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