Dubai has repaid over Dh47 billion in debt since 2022, reducing its debt-to-GDP ratio from 70% in 2021 to around 34% by the end of 2024, according to S&P. This improvement is driven by strong post-pandemic economic growth, the introduction of a 9% corporate tax, and proceeds from major IPOs that raised approximately Dh33 billion. Key state assets like DEWA, ​​Salik, Empower, and others were partially sold, with more listings expected to further boost liquidity. S&P projects fiscal surpluses from 2024 to 2027, with no new debt needed for deficit financing, though future megaprojects like the $35 billion Al Maktoum Airport expansion may affect long-term borrowing needs. (ICE DUBAI)

Fonte notizia: https://www.khaleejtimes.com/business/economy/dubai-pays-off-dh47-billion-debt-as-revenues-get-boost