{"id":52348,"date":"2022-12-07T14:55:30","date_gmt":"2022-12-07T10:55:30","guid":{"rendered":"https:\/\/blog.dubaicityguide.com\/site\/?p=52348"},"modified":"2022-12-07T14:55:30","modified_gmt":"2022-12-07T10:55:30","slug":"record-breaking-gitex-global-2022-generates-aed2-6-billion-in-total-economic-output","status":"publish","type":"post","link":"https:\/\/blog.dubaicityguide.com\/site\/record-breaking-gitex-global-2022-generates-aed2-6-billion-in-total-economic-output\/","title":{"rendered":"Record-Breaking GITEX GLOBAL 2022 Generates AED2.6 Billion In Total Economic Output"},"content":{"rendered":"<p>Dubai World Trade Centre (DWTC), today announced that GITEX GLOBAL 2022, held last October, has achieved record-breaking results in generating AED2.6 billion (USD698million) worth of total economic output, with 57% (AED1.4 billion, USD394million) retained in Dubai\u2019s economy, according to an Economic Impact Assessment Report.<\/p>\n<p>GITEX GLOBAL 2022 attracted more than 170,000 attendees, 40% (68,000) of which were international. The 42nd edition of the world\u2019s largest tech show, which took place from 10-14 October 2022 at DWTC, was estimated to support 9,600 jobs generating disposable household income of AED463 million (USD126 million), a 55% increase from 2019.<\/p>\n<p>Commenting on the success of GITEX Global 2022, His Excellency 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.<\/p>\n<p>H.E. added that the UAE is pioneering the pivotal sectors of tomorrow\u2019s economy to continue its development path including artificial intelligence, digital transformation, knowledge economy, and the 4th industrial revolution, among others, propelled by its proactive strategies that consolidates its status as a global economic hub<\/p>\n<p>H.E. further emphasized the importance of organizing GITEX Global 2022, and its remarkable success that reaffirms Dubai\u2019s leadership and status as a global business and tech investment destination of choice.\u00a0 The world\u2019s largest tech show has once again set the benchmark for any international mega-event to scale, providing a much-needed boost for the global economy.<\/p>\n<p>\u201cGITEX has been a key contributor to the economic growth of Dubai,\u201d added H.E. Helal Saeed AlMarri, Director General of the Dubai World Trade Centre.\u00a0 \u201cThe 42nd edition in 2022 has achieved unprecedented success across all levels, positioning Dubai and the UAE at the forefront of future technologies.<\/p>\n<p>\u201cDWTC 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.\u00a0 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,\u201d concluded AlMarri.<\/p>\n<p><strong>Global attendees drive economic impact with longer stays and higher spend<\/strong><\/p>\n<p>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\u2019s 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.\u00a0 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.<\/p>\n<p><strong>GITEX GLOBAL 2022 world\u2019s \u2018best large-scale exhibition\u2019 reported independent research<\/strong><\/p>\n<p>The mega tech show\u2019s unprecedented scale and growth this year was duly matched by its reputation as a super-connector accelerating the world\u2019s digital economy, with it being rated as the <strong>\u2018World\u2019s best large-scale exhibition of any industry\u2019\u00a0<\/strong>according to GRS, an independent event\u2019 industry research consultancy.<\/p>\n<p>The largest ever edition of GITEX GLOBAL unleashed the full power of the digital universe, featuring over 5,000 exhibiting companies from 90 countries spanning two million sq. ft of exhibition space, an impressive 25 percent year-on-year increase, and matching the scale of 33 football fields.<\/p>\n<p>GRS carried out an exhibitor satisfaction survey looking at Key Performance Indictors (KPI) including the importance of the event, overall satisfaction, likelihood to recommend the exhibition, and the likelihood of returning. \u201cCombining these four KPIs, GITEX 2022 is the best large-scale exhibition we\u2019ve ever monitored in any industry,\u201d said Enrico Gallorini, CEO at GRS, adding that GITEX GLOBAL\u2019s NPS (Net Promoter Score), a proxy for advocacy, has grown consistently over the years.<\/p>\n<p>\u201cWe\u2019ve never seen any large-scale exhibition with more than 2,000 exhibitors during the past decade that have achieved an NPS recorded by GITEX GLOBAL 2022.\u00a0 It\u2019s an extraordinary result because exhibitions struggle to find a balance between volume and quality.\u00a0 GITEX GLOBAL 2022 has exceptionally managed to achieve huge numbers while preserving incredibly high quality and delivering excellence,\u201d added Gallorini.<\/p>\n<p>GITEX GLOBAL\u2019s rising economic impact and stature as the world\u2019s ultimate tech super-connector comes as international visitors to Dubai remain on an upward track.\u00a0 According to the latest figures, the Emirate welcomed 10.1 million visitors from January \u2013 September 2022, up by 163% versus the same period last year, and just shy of the 12 million for the same period in pre-Covid-19.<\/p>\n<p><strong>Economic Impact Model Framework<\/strong><br \/>\nThe GITEX GLOBAL 2022 Economic Impact Assessment Report is based on a framework that considers direct spend by event organisers, exhibitors and attendees along with the \u2018indirect\u2019 and \u2018induced\u2019 value impacts in the adjacent sectors linked to the delivery of goods and services for the events sector. The model excludes any capital infrastructure investments, impacts of deals closed during events and any human capital benefits.<\/p>\n<p><strong>More information is available at <\/strong><a href=\"http:\/\/www.gitex.com\">www.gitex.com<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-52349\" src=\"https:\/\/blog.dubaicityguide.com\/site\/wp-content\/uploads\/2022\/12\/Gitex-1.jpg\" alt=\"\" width=\"826\" height=\"551\" srcset=\"https:\/\/blog.dubaicityguide.com\/site\/wp-content\/uploads\/2022\/12\/Gitex-1.jpg 826w, https:\/\/blog.dubaicityguide.com\/site\/wp-content\/uploads\/2022\/12\/Gitex-1-300x200.jpg 300w, https:\/\/blog.dubaicityguide.com\/site\/wp-content\/uploads\/2022\/12\/Gitex-1-768x512.jpg 768w, https:\/\/blog.dubaicityguide.com\/site\/wp-content\/uploads\/2022\/12\/Gitex-1-732x488.jpg 732w\" sizes=\"auto, (max-width: 826px) 100vw, 826px\" \/> <img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-52350\" src=\"https:\/\/blog.dubaicityguide.com\/site\/wp-content\/uploads\/2022\/12\/GITEX-2.jpg\" alt=\"\" width=\"750\" height=\"500\" srcset=\"https:\/\/blog.dubaicityguide.com\/site\/wp-content\/uploads\/2022\/12\/GITEX-2.jpg 826w, https:\/\/blog.dubaicityguide.com\/site\/wp-content\/uploads\/2022\/12\/GITEX-2-300x200.jpg 300w, https:\/\/blog.dubaicityguide.com\/site\/wp-content\/uploads\/2022\/12\/GITEX-2-768x512.jpg 768w, https:\/\/blog.dubaicityguide.com\/site\/wp-content\/uploads\/2022\/12\/GITEX-2-732x488.jpg 732w\" sizes=\"auto, (max-width: 750px) 100vw, 750px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dubai World Trade Centre (DWTC), today announced that GITEX GLOBAL 2022, held last October, has achieved record-breaking results in generating AED2.6 billion (USD698million) worth of total economic output, with 57% (AED1.4 billion, USD394million) retained in Dubai\u2019s economy, according to an Economic Impact Assessment Report. GITEX GLOBAL 2022 attracted more than 170,000 attendees, 40% (68,000) of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":52351,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-52348","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/posts\/52348","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/comments?post=52348"}],"version-history":[{"count":1,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/posts\/52348\/revisions"}],"predecessor-version":[{"id":52352,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/posts\/52348\/revisions\/52352"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/media\/52351"}],"wp:attachment":[{"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/media?parent=52348"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/categories?post=52348"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/tags?post=52348"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}