4% expected growth in household consumption levels

Dubai Economy: The "Covid-19" vaccine is a strong boost for the sector

Expectations that the arts, entertainment and entertainment sector will witness a remarkable recovery, especially in theaters and cinemas.

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Dubai Economy expects that the levels of family consumption and demand for the individual consumer sector in the emirate will achieve a growth of 4% during 2021 compared to 2020, in light of many indicators associated with the launch of the expanded and free vaccination campaign against the "Covid-19" virus in the Emirate of Dubai.

The Dubai Economy stated in a statement yesterday that what supports the previous expectations is what recent data on the tourism and aviation sector show, which indicates that Dubai International Airport tops the list of the most crowded airports in terms of the number of travelers around the world, as well as what the data of the company shows. The daily "Google" about the movement of individuals, from a clear improvement in the movement of individuals to malls, restaurants, and other places of entertainment in the emirate.

The Dubai Economy confirmed that the free vaccination process for citizens and residents of the emirate is an important step towards returning to normal life, and supporting the process of economic recovery of the economic sectors and activities affected by the precautionary measures, and the requirements of social distancing in general.

At the forefront of these sectors are: the accommodation services sector, restaurants, and conference and exhibition activities and various events.

The Dubai Economy pointed out that the emirate organized more than 140 exhibitions and events that witnessed the participation of more than two million people during the year 2019. In what is expected that the arts, entertainment and entertainment sector will witness a remarkable recovery, especially activities affected by social distancing measures, such as parties, visiting museums, and theaters. And cinemas, and various sporting activities.

The retail sector is also expected to recover.

As a result of the feeling of safety that the vaccine will provide.

Dubai Economy expressed its confidence that the start of the return to normal life will contribute to reducing the processes of working remotely, and studying remotely in schools and universities, which gives an additional impetus to the process of economic recovery.

It reported that as a result of the strong interdependencies between sectors and economic activities;

The expected recovery in the sectors of restaurants and hotels, arts and entertainment, retail trade and educational activities, will be clearly reflected in the transportation sector.

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