Do Dubai businesses start growing again after covid19? Know from Sheikh Umar Farooq Zahoor

The world, as well as the Dubai city, was an enjoyable one to do business and make more money from it. Several people have invested in their business and have started their carrier in Dubai. Unfortunately, when the COVID-19 occurs, the expansion of business gets tough for business houses; almost every sector has faced a lot of problems while trying to perform business-related work. The dedication of health workers due to whom the COVID situation in Dubai is under control now, people are thinking about business again. As a result, the growth in the business sector is increasing in the market in Dubai. The non-oil economy expands of Dubai got decreased due to the Corona virus for the first time; now, the situation is improving. Though there is no news in the improvement of the job sector, expansion in business sectors are starting again, which is a good sign for the resident of Dubai, U.A.E.

What kind of growth?

According to the PMI data, the growth of the economy has started. As most of the people are getting back to work, the lockdown restrictions are getting lower in the business, the rate of the expansion is becoming high. From the wholesale to the construction and retail section, most of the securers are facing positive vibes in their business.

• In the last five months, the expansion in the non oil section is getting increased.
• The growth rate of the business is getting quicker than ever happened in 2020.
• Most of the expansion has taken place in the construction sector than in the retail and wholesale industry.
• Some burdens are present in the travel and tourism sectors, an expansion in the industry has seen in the online market.
• Since December, growth in the inventories has got lower but, last month; change in the stocks is getting increased.

That is creating clear evidence in the growth of the business sector in the market of Dubai is increasing.

Dubai is the commercial hub in the Middle East. Most of the people are investing in the non oil sectors of Dubai, as they are getting a large number of benefits from this sector. So, if you are an investor like Sheikh Umar Farooq Zahoor, it is good news for you to have the investment in the commercial sector. In the lockdown restrictions in commercial sectors are getting lower, the increment in the business is in the market. Dubai is getting to the top of the market again. Hopefully, when the lockdown period gets over, investors can be able to see the expansion in the business sector. Hopefully, Dubai, as well as the whole world, will shine again and get a large number of developments in the business sector. Visit Umar Farooq Zahoor Official Blog