19 November, 2015

Sport generates $1.08 bln annually for Dubai economy - Deloitte

Sport contributes USD1.08 billion to Dubai's economy per annum, a report by consultants Deloitte revealed.

By Matt Smith

DUBAI, Nov 19 (Reuters) - Sport contributes $1.08 billion to Dubai's economy per annum, a report by consultants Deloitte revealed on Thursday.

Golf is the biggest contributor, providing $270 million -- or 25 percent -- of the emirate's total sports revenue in the 12 months to Sept. 1, 2015, Nick Tarratt, director of European Tour International - Dubai, told a news conference.

These figures included indirect earnings such as from hotel stays and airline tickets, the report said.

Golf's direct contribution was $131 million over the same time period, the report revealed.

Of this, tournaments such as the $8 million DP World Tour Championship -- the European Tour's season finale, which began on Thursday -- and February's Desert Classic provided $80 million.

Dubai is home to 11 golf courses and these generated $11 million per annum, international visitors accounted for $38 million and others $2 million.

The report did not provide comparative figures for the prior year and Tarratt declined to give a forecast for the following 12 months.

The report also did not give revenue figures for other sports. The emirate's other sporting events include the Dubai World Cup -- the world's richest horse race -- and the $5 million Dubai Duty Free Tennis Championships.

(Editing by John O'Brien) ((; +97 15 0635 4039; Reuters Messaging: