Gitex Global 2022 generated AED2.6bn ($707m) worth of business, said the Dubai World Trade Centre (DWTC).
With more than 170,000 people in attendance the record-breaking results saw 57% of the money generated (AED1.4bn, $394m) retained in Dubai’s economy, according to an Economic Impact Assessment Report.
40 per cent of visitors came from outside the UAE and Gitex Global retains its title as the world’s largest technology show.
Gitex attracts 170k attendees
The DWTC event was estimated to support 9,600 jobs and generate disposable household income of AED463m ($126m), a 55% increase from 2019.
Commenting on the success of Gitex Global 2022, Omar Sultan Al Olama, Minister of State of Artificial Intelligence, Digital Economy and Remote Work Applications, and Chairman of Dubai Chamber of Digital Economy, said that the UAE is moving forward towards new futuristic horizons, under the directives of its wise leadership, leading to new summits of growth and comprehensive sustainable development.
He added that the UAE is pioneering the pivotal sectors of tomorrow’s economy to continue its development path including artificial intelligence, digital transformation, knowledge economy, and the fourh industrial revolution, among others, propelled by its proactive strategies that consolidates its status as a global economic hub.
“GITEX has been a key contributor to the economic growth of Dubai,” added Helal Saeed AlMarri, Director General of the Dubai World Trade Centre. “The 42nd edition in 2022 has achieved unprecedented success across all levels, positioning Dubai and the UAE at the forefront of future technologies.
“DWTC has always been a flag bearer for the global MICE sector, especially in asserting the greater need for events in the post-pandemic new economy.
“Gitex Global 2022 has not only been a resounding endorsement of this fact, but has also reflected the confidence of 176 nations in Dubai as the global capital for business and tourism,” concluded AlMarri.
The 40% share of international attendees at Gitex Global 2022 represents a big jump surpassing previous editions reflecting the truly global stature of the event. According to DWTC’s Economic Impact Assessment Report, half of all international attendees travelled with a companion this year, while staying in Dubai for an average of 6.4 days.
The average spend of AED13,000 per international attendee during the show on goods and services including flights, hotels, entertainment, and retail, was five times that of UAE-based attendees.
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