The economic might of creative industries continues to expand exponentially, boosting local economies globally and increasing the influence of art and design in communities, according to data from two recent independent studies from the UK Government and Art Dubai.
Recently, the UK Government revealed that creative industries contributed £84.1bn in GVA in 2014 and accounted for 5.2 per cent of the UK economy., having grown as a proportion of the total UK GVA every year since 2010.
Meanwhile, ahead of the tenth edition of Art Dubai and the fifth edition of Design Days Dubai in March 2016, the fairs’ parent company, The Art Dubai Group, has released the results of an independent survey for Art Week 2015, which found that US $35 million was brought into Dubai over the week, due to the international fairs, Art Dubai and Design Days Dubai. As much as 60% of local art organisations’ annual sales revenue was made during Art Week.
The survey by research firm, Repucom, revealed that:
- US $35 million of new money in direct visitor spend came into Dubai through these two fairs alone
- Visitors during Art Week paid for 27,500 hotel nights, with an average of 5.7 nights per stay
- 25,000 visits were made to Art Dubai and Design Days Dubai over its six event days by 15,625 unique attendees
- 51% of attendees were from outside Dubai, and 46% were ‘Primary Visitors’ (i.e. Art Dubai and Design Days Dubai were the main reason for their trip to Dubai)
- Art Dubai and Design Days Dubai effected an estimated 6,000 art and design purchases
Of the findings, Benedict Floyd, co-founder and CEO of The Art Dubai Group, said: “As we head into the tenth year of Art Dubai and the fifth edition of Design Days Dubai, we’re delighted to be in a position to show the impact that our organisation has had as one of the major drivers of cultural development in the city. Drawing international attention for local arts organisations, galleries, home-grown partners and artists, Art Week, Design Days and Art Dubai have established a significant moment in the cultural calendar for the region, as well as recognition from the international art market.”
Running 16-19th March, Art Dubai 2016 will be the meeting point for more than 500 artists from nearly 100 galleries, coming from 40 countries across the world. The fair will welcome thousands of gallery staff, museum professionals and curators to the city, as well as international attendees, media, artists. Regional and international thought leaders will also participate in the tenth edition of the Global Art Forum, Art Dubai’s annual arts conference.
Returning for its fifth edition, Design Days Dubai is the Middle East and South Asia’s only annual fair dedicated to collectible modern and contemporary design works. Positioned as a fair of discovery, this edition will feature a mix of the world’s leading design galleries and studios, along with a record strong representation from the region: design from over 20 countries. Alongside the gallery programme, the fair presents a programme of special projects such as this year’s ‘WASL’ exhibition of design from the Emirates, talks, workshops and guided tours.