Home / Knowledge / News / Fashion / Dubai to register a GDP of US$ 108 billion by 2015
Dubai to register a GDP of US$ 108 billion by 2015
13
Aug '08
The UAE, as a trading hub for the Middle East is experiencing astounding growth in the clothing and fashion industry. This significant growth is backed by the availability of large disposable income, surge in the number of tourists and growth in retail space.

The UAE alone is predicted to spend US$ 9 billion on garments and textiles by the end of 2009. This dominance in the industry is mainly attributed to the economic boom in the emirate of Dubai, which serves as the heart of the Middle East fashion market.

Expected to register a GDP of US$ 108 billion by 2015, Dubai has managed to strengthen its strategic location by pursuing a free and balanced economic policy, consequently contributing significantly to the productive reputation of the UAE.

Ajman, yet another emirate of the UAE, has also started to make its mark in the fashion and apparel industry with an ambitious free zone project. Sheikh Mohammed bin Abdullah Al Nuaimi, General Manager of Ajman Free Zone (AFZ) stated to the Oxford Business Group that AFZ has already attracted hundreds of foreign investors and is ranked first amongst the world's free zones in the number of ready-to-wear garment factories. The factories have started exporting to the GCC countries, the US, Europe and Canada.

The UAE economy is booming with lucrative potential opportunities for interested investors, traders and retailers. Motexha, the Middle East's largest trade event for the garments, textiles, leather and fashion accessories sector is the only available platform for the fashion and apparel sector investors interested in availing the growing opportunities.

Motexha


Must ReadView All

FDI in Vietnamese textile-garment projects on the rise

Apparel/Garments | On 24th Jun 2018

FDI in Vietnamese textile-garment projects on the rise

The European Union-Vietnam Free Trade Agreement and the Comprehensive ...

Courtesy: Alizilla

Apparel/Garments | On 24th Jun 2018

Alibaba Group sets up office in Kuala Lumpur

Strengthening its commitment to Malaysia, Alibaba Group has set up an ...

Bombay Dyeing plans to wind up Indonesian JV

Textiles | On 24th Jun 2018

Bombay Dyeing plans to wind up Indonesian JV

Bombay Dyeing & Manufacturing Co Ltd plans to wind up its loss making ...

Interviews View All

Headhonchos
Indian fashion industry

Cotton consumption will keep growing in the Indian fashion industry

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Karan Behal

Karan Behal, founder and chief executive of top-selling brand...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search