9M 2022
Investor Presentation
DFM IR
dfm.ae
A World Class Market Place - Key Figures 9M 2022
576 Market Capitalization
AED BILLION
71 Listed Companies
COUNT
Listed on DFM and NASDAQ Dubai
69.5Total Traded Value
AED BILLION
367 Average Daily Traded Value
AED MILLION
47%
PERCENT
19%
PERCENT
Foreign Investors Trading Share
Foreign Ownership % of Market Cap
146
COUNT
Bonds
& Sukuks
Listed on DFM and NASDAQ Dubai with a value of over USD115 bn
131 Total Funds
+ Raised (since inception)
AED BILLION
56%
PERCENT
Institutional Investors Trading Share
Source: DFM analytics.
Note: Trading statistics for DFM excludes Nasdaq Dubai. Foreign investors defined as non-UAE investors.
2
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Strong Demographic & Macroeconomic Fundamentals
Continued GDP Recovery Post COVID-19 Pandemic
2020 & 2021 Real GDP Growth (%)*
6.0 | ||||||||||
3.8 | 3.5 | 3.3 | 3.1 | 3.1 | 2.9 | 2.4 | ||||
1.8 | ||||||||||
-2.6 | ||||||||||
-3.1 | -2.7 | -4.1 | ||||||||
-5.4 | -5.9 | |||||||||
-7.0 | ||||||||||
Turkey Russia | Poland | Bahrain | S. Africa | UAE | KSA | Qatar | ||||
2020 | 2021 | |||||||||
Sustained Growth In Non-Oil Economy….
UAE Non-Oil Private Sector PMI in recovery mode post COVID-19 impact.
53 56 56 56 54 55 55 55 56 55 55 57 56
Sep-21 | Oct-21 | Nov-21 | Dec-21 | Jan-22 | Feb-22 | Mar-22 | Apr-22 | May-22 | Jun-22 | Jul-22 | Aug-22 | Sep-22 |
50 - Separates Expansion from Contraction
Growing Population
2020 -2025E Population Annual Growth (%)
3.1% | 2.8% | |||||||||||||||||||||
2.3% | ||||||||||||||||||||||
2.0% | 1.5% | |||||||||||||||||||||
1.2% | ||||||||||||||||||||||
0.2% | ||||||||||||||||||||||
UAE | Egypt | KSA | S.Africa | Qatar | -0.1% | -0.1% | ||||||||||||||||
Kuwait | Turkey | Russia | Poland |
…Resulting in a Stable Business Environment
UAE ranked 25th on the Global Competitiveness Index (GCI 2019) & ranked 33rd on the 2022 Index of Economic Freedom (1st in the MENA) with a score of 70.2
72.6 | 76.9 | 77.6 | 77.6 | 77.6 | 76.2 | 76.9 | 70.2 |
2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
Year | Index of Economic Freedom | |||||||
Source: The UAE National Bureau of Statistics, Euromonitor, Bloomberg, World Economic Forum, Emirates NBD, The Heritage Foundation, IMF World Economic Outlook Database, October 2020.
* Figures are an estimate.
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Dubai Growth is Driven by a Well Diversified Economy and Strong Trade Activity
Dubai GDP Growth*
6.2% | 5.9% | ||||||
4.0% | 3.1% | 3.1% | |||||
2.1% | 2.7% | ||||||
2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | Q1 2022 |
-11.8%
Other Sectors
18.8% Trade
22.6%
Oil & Mining
1.6%
Hotels & | ||
Restaurants | ||
9.6% | Real Estate & | |
Construction | ||
Manufacturing | 15.3% | |
8.6% | Financial Sector | |
Transportation | ||
12.4% | ||
11.0% | ||
Source: Emirates NBD research, Dubai Investment Development Agency, 2017 Global Investment Report published by UNCTAD, Doing Business World Bank, IMF, Gulf news.
* Source: Dubai Statistics Center Q1 2022 as per the latest available data, some GDP growth percentages were revised due to a new national account series issued by the Dubai Statistics Center.
¹ Source: Dubai Tourism.
- Source: DUBAI FDI Results and Rankings Highlights Report 2021, published by Dubai Investment Development Agency (Dubai FDI).
Dubai Direct Foreign Trade Breakdown (AED bn)
802.1 | 830.1 | 828.7 | 757.3 | 770.0 | 711.1 | 445.6 | CAGR | ||||||||||||||||
2010-2020 | |||||||||||||||||||||||
118.9 | 129.4 | 123.7 | 109.7 | 125.0 | |||||||||||||||||||
146 | |||||||||||||||||||||||
169.0 | 165.1 | 186.8 | |||||||||||||||||||||
176.7 | 165.7 | 8% | |||||||||||||||||||||
124.5 | 95.6 | ||||||||||||||||||||||
-1% | |||||||||||||||||||||||
82.6 | |||||||||||||||||||||||
514.2 | 535.6 | 518.3 | 470.8 | 479.2 | 440.8 | 2% | |||||||||||||||||
267.4 | |||||||||||||||||||||||
2015 | 2016 | 2017 | 2018 | 2019 | 2020 | H1 2021 | |||||||||||||||||
Imports | Re-Exports | Exports | |||||||||||||||||||||
Commentary
Main highlights of Dubai economy:
- The Emirate of Dubai has reported its budgeted expenses for 2022 to reach AED60 bn.
- During 2022, Dubai's successful tourism rebound continues to inspire global tourism recovery with the city welcoming 9.12 million international overnight visitors from January to August 2022 .
- With more than AED26 bn in FDI inflows, Dubai ranked first in attracting foreign direct investments in the Middle East and North Africa for 2021, and third globally in FDI capital flows.
- Dubai is the 1st regionally and the 19th globally in the Global Financial Centres Index and ranks the 16th among 190 countries in the 2020 Doing Business.
- Dubai has moved the historical focus on Real Estate and Trade to attract more knowledge intensive projects with a greater focus on Technology.
- H.H. Sheikh Mohammed bin Rashid Al Maktoum established the Dubai Security Centre which seeks to ensure the proper implementation of international best practices in Dubai as a financial hub.
- Dubai is placed at the forefront of the global Islamic economy, where the total value of listed Sukuk amounted to AED294 bn - end of Q3 2022. According the IMF, During 2001-2015, USD53.8 bn or 36 percent of all global Sukuk
issuances originated in the UAE. | 4 |
dfm.ae |
Investor Reach - Global Connectivity
AMERICAS | MIDDLE EAST AND AFRICA | ||
12% / 37% | 74% / 27% | ||
EUROPE | ASIA PACIFIC | ||
10% / 30% | 4% / 6% | ||
Snapshot of investor | / | Snapshot of investor | |
composition with a | composition with a | ||
bigger focus locally | bigger focus on | ||
and regionally. | international investors. | ||
REGIONALLY
⁃ Direct connectivity to Europe selected regional
markets. | |
GLOBALLY | |
⁃ Investors in more than 100 countries. | |
⁃ Over 207 nationalities connected. | |
⁃ Connected to leading international depositories. | 5 |
dfm.ae |
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DFM - Dubai Financial Market PJSC published this content on 28 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 October 2022 14:39:02 UTC.