Economic footprint of sport in dubai exceeds us$1.7 bn.

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Economic footprint of sport in dubai exceeds us$1.7 bn.

A study released today by Deloitte discovers that the economic footprint of sport now exceeds US$ 1.7 billion a year, reflecting the success of a carefully developed sports industry, which has belonged to the material of Dubai for more than 40 years.

The report, released during Host Cities 2015 by Deloitte's Sports Business Group, measures for the very first time the economic effect of sport in Dubai. Of the US$ 1.763 bn created by sport in Dubai each year (gross expense), $670m originates from overseas (economic effect) - an indicator of the emirate's growing standing on the world's sporting phase.

The largest financial contribution originates from Dubai's yearly calendar of more than 300 occasions, which draw in more than 1m viewers each year. 7 significant yearly occasions represent more than 90 per-cent of the occasions sector's direct economic influence on Dubai's economy. These events, which extend horseracing, golf, marathon running, tennis, rugby and biking have actually helped establish Dubai as the area's preeminent sports center.

Considerably, ahead of the DP World Tour Championship this weekend, the report exposes that Dubai is already one of the leading golf tourist destinations on the planet, with 16,000 worldwide golf visitors enjoying its 11 courses every year. Today the sport contributes US$ 270m of gross expense to Dubai's sports economy, with US$ 131m of that originating from abroad.

In addition to events, sports facilities and local involvement play a vital function in the sports market, which now utilizes more than 14,500 individuals in Dubai.

Dubai has actually purchased sustainable facilities that not only draw in elite sports events but also contribute to sports participation, which is a fundamental part of the UAE's national health and wellness program. The UAE's very first National Sports Day takes location next week (25 November).

The report approximates that mass participation occasions attract over 85,000 participants each year, and are growing in appeal. Sports clubs, academies and schools likewise add substantially to participation levels: in 2015, Dubai's Sports City's academies (football, rugby and cricket) alone are expected to attract a total tramp of around 1.4 million.

His Excellency Saeed Hareb, Secretary General of the Dubai Sports Council, stated: "In Dubai we have long acknowledged that sport plays an important function in the growth and appeal of any international city and have actually worked strategically to invest in resources and abilities throughout the sector. We have been developing our sports industry for more than 40 years, with an ongoing concentrate on the future. The Deloitte report highlights exactly what has been achieved and demonstrates the strength of Dubai's existing offering in world-class occasions and centers.
"Dubai continues to be committed to sport and the report indicate future chances which will be utilized to notify our continuous strategic thinking as we advance our trip to turned into one of the world's worldwide sporting locations.".

Dan Jones, Head of Sports Business Group, Deloitte, said: "Our work has actually confirmed that sport has actually established itself as a fundamental part of the Dubai economy. Dubai's exceptional geographical location, transportation connections, centers and climate (specifically during the European winter season) make it an appealing destination for sports participants, both at an elite and a leisure level, as well as event organisers. Sport makes a fantastic contribution to the Dubai economy and Dubai, through the welcome it provides as a host city and through its outgoing investment and worldwide sponsorship offers, makes an increasingly significant contribution to world sport.".

With Dubai's strategic place in between East and West, and diverse and young population, the Deloitte report anticipates strong future development in sport tourism, attendance and involvement.

A complete version of the Deloitte report: 'Economic Impact of Sport in Dubai', is readily available at: http://www2.deloitte.com/uk/en/pages/sports-business-group/articles/eco.

To learn more about Host Cities 2015 visit www.host-cities.com.

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SUPPORTING QUOTES.

Supporting quotes from appropriate sports market stakeholders:.

Bernard Lapasset, World Rugby Chairman, commented: "Dubai has a distinct relationship with World Rugby and the game of rugby sevens, having actually hosted the very first World Cup in sevens for both men and ladies back in 2009. Of all the events in current memory, that was maybe the most essential in the sport showing itself in the eyes of the IOC and getting its place at the Olympic Games in 2016. Dubai is a wonderful place for World Rugby to bring its gamers, males and females, to kick off the new HSBC World Rugby Sevens Series, a season which will culminate in rugby's supreme athletes taking their position on sport's grandest phase, in Rio.".
2015 Patron the MENA Golf Tour and 2016 Ryder Cup captain, Darren Clarke OBE, stated: "I have actually been coming to Dubai to play professional golf for over 20 years. Throughout this time, I have seen the unbelievable vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum unfold prior to my eyes. From a golf player's perspective, Dubai is now the epicentre of the European Tour, with the Race to Dubai headlining its season, along with it being the home of the Omega Dubai Desert Classic for 26 years. I have actually made the effort to obtain to understand Dubai and its individuals and love coming here at any chance. Dubai is house to some of the best hotels in the world, outstanding restaurants and fantastic golf courses. What's not to like? It is brilliant!".

Poul-Erik Hyer, Badminton World Federation (BWF) President, stated: "We desired to bring the annual climax to our year, the BWF World Superseries Finals (held for the first time in Dubai in 2014), someplace that could help us grow the sport and make it even more easily accessible to fans throughout the world. Our partnership with Dubai is developing financial advantage for us both and we look forward to coming back in December.".