83% of UAE businesses expect sales growth next year

UAE business confidence is rising as the country prepares for Expo 2020 Dubai, an HSBC survey revealed.

The HSBC survey, ‘Navigator: Now, next and how for business’, found that 83 percent of businesses in the UAE expect sales figures to head north over the next 12 months, with at least 35 percent of respondents looking at 15 percent growth or more.

“The UAE’s significant diversification efforts has meant that the country is increasingly viewed as an innovative hub for trade – benefitting both domestic and international businesses. Vision 2021 combined with Expo’s international reach and connectivity are driving opportunities for export minded companies,” Mike Davis, Head of Commercial Banking, HSBC UAE said.


Source: Zawya