"Art Dubai 2023 Exhibition: Record Results and Growing Impact on Dubai's Creative Economy"

2023-05-21 11:32:09

Sunday, May 21, 2023 – 3:29 PM

– Confirmation of the growing activities of the creative economy in the emirate… record results with a total of 143 million dirhams for the “Art Dubai” 2023 exhibition.
– Study: A positive impact of the exhibition on the hospitality sector, with hotel reservations amounting to about 23.5 thousand hotel nights during the period it was held from 1-5 last March.
– Hala Badri: Dubai Culture is keen to create creative platforms that allow artists the opportunity to express their ideas and contribute to enriching the art scene in Dubai.
Benedetta Ghion: We will work to make the next edition an extension of this success.

DUBAI, May 21 / WAM / Art Dubai, the leading global exhibition in the Middle East and the Global South, which is held under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, may God protect him, announced that the proceeds of the edition of The exhibition for the year 2023, which was held from 1-5 last March, amounted to 142.9 million dirhams, achieving the highest economic return for the pioneering creative event in its history and since its launch in 2007.

This comes as confirmation of the strong growth of creative economy activities in Dubai and the high indicators of its positive return on the emirate’s overall economic performance, and the opportunities it continues to provide to the private sector.
This came in the study recently issued by IPSOS, the leading marketing consultancy and research company, which aimed to measure the economic impact of the exhibition, the most important of its kind in the region, during its five-day period, with the participation of more than 130 contemporary and modern galleries. From more than 40 countries, and within the largest participation in the history of the exhibition of representatives of regional and global creative institutions.
The study showed that the event had a clear impact on the hospitality sector in Dubai over the course of its five days, in light of the great turnout witnessed by the event on the part of art lovers and lovers of the acquisition of unique and distinguished works of art, whether from inside or outside the country, as the study stated that the exhibition contributed to Achieving about 23.5 thousand hotel nights during its convening period.
The results reported by the recent study represent a steady economic impact of more than 50% compared to the latest published data, which monitored a revenue of 92 million dirhams for the event edition in 2019, as this increase comes in a gesture that is in line with the ambitious goals of the Dubai Creative Economy Strategy, which aims to Transforming Dubai into a preferred destination for creators from all over the world, and the capital of the creative economy by 2026, and keeping pace with the growing position of Dubai as a pivotal center for the cultural movement in the region, and a global destination for the activities and businesses of the creative economy.
The 2024 edition of the “Art Dubai” exhibition is scheduled to be held in Madinat Jumeirah from March 1 to 3, with two days devoted to major collectors on February 28 and 29. The exhibition is held in partnership with A.R.M. Art Holding, sponsored by the Swiss wealth management group Julius Baer, partner of the “Art Dubai” exhibition HUNA, the leading real estate developer, and the strategic partner of the exhibition, the Dubai Culture and Arts Authority (Dubai Culture).
A comprehensive creative movement.
Her Excellency Hala Badri, Director General of the Culture and Arts Authority in Dubai, “Dubai Culture”, pointed out that the emirate is experiencing a comprehensive creative and cultural movement, which contributed to strengthening Dubai’s cultural vision aimed at consolidating the emirate’s position as a global center for culture, an incubator for creativity, and a meeting place for talents.
Her Excellency said: “The authority is keen to support and strengthen the culture and arts sector in Dubai by adopting innovative methods that are able to attract talents and those who are passionate about artistic creations, in addition to creating creative platforms that allow artists to express their ideas, and expand the volume of their creative contributions that enrich Dubai’s art scene.” Noting that the remarkable success achieved by the 16th edition of the exhibition reflects Dubai’s global position as an important incubator for prestigious artistic and creative events.
Badri added: “The Art Dubai exhibition has been able throughout its history to prove its presence and strengthen its position on the local and international art agenda, and to contribute to affirming the attractiveness of Dubai as one of the most important cities that sponsor creativity and produce art, thanks to its cultural, social and economic diversity. Art galleries contribute to Encouraging the growth of cultural and creative industries, which represent one of the tributaries of Dubai’s economic system.
Benedetta Ghion, Executive Director of Art Dubai, said: The strong results of the study and its positive economic impact are clear evidence of Dubai’s continued growth and development as one of the main cultural centers in the art world and as a leading cultural capital in the global south. We are pleased with the achievement of the 2023 edition. It is the largest and most important success of the exhibition so far, and we will work for the next session to be held next year to be an extension of this success, and a new addition that consolidates the distinguished position that the event has reached over many years since its launch in 2007, as a first destination for art lovers and lovers of its acquisition, and a tributary Supports the development of the creative economy in Dubai, the UAE and the region in general.
Art Dubai is one of the most prominent events on the cultural agenda of the Emirate of Dubai, as well as at the level of the region in general. The event includes several sections for the arts: contemporary, modern and digital, in addition to the annual artist commissions, programs for art collectors and its educational program throughout the year.