Dubai businesses confident about closing year strongly

Wednesday, 30 October 2019 12:29

Businesses in Dubai are confident about closing the year on a strong note.

According to the Department of Economic Development’s quarterly survey, more companies are expecting an increase in sales revenues and volumes over the coming months.

The services, travel & hospitality sectors are the most optimistic ones, while large firms are more upbeat compared to SMEs.

The high confidence level is mainly driven by a rise in new projects and the optimism surrounding Expo 2020 Dubai.

Meanwhile, companies have cited a delay in payments and rising competition as the major challenges they’ve been facing.

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