UAE tourism sector to contribute over $64bn
The UAE’s tourism sector is projected to create 833,000 jobs by 2025. According to Economy Minister Al Marri, tourism is expected to contribute over $64 billion to the country’s GDP this year. The tourism sector is anticipated to account for 12 percent of the UAE’s GDP in 2025.
UAE Minister of Economy, Abdullah bin Touq Al Marri, said that tourism contributed 11.7 percent to GDP last year. It amounted to AED220 billion ($59.89 billion). “For 2025, the forecast is set even higher, with an anticipated contribution of 12 percent to the GDP. It equates to AED236 billion ($64.25 billion),” he told attendees.
The tourism sector is projected to support over 833,000 jobs in the UAE by the end of 2025. Last year. It accounted for 809,000 jobs – equivalent to 12.3 percent of national employment.
Image source: Shutterstock
The unified visa will allow Gulf countries to market the region as a single destination, boosting accessibility for visitors. It will drive longer stays and higher spending, and the key role of infrastructure investments like airports, cruise terminals, and the GCC Railway in improving connectivity.
Collaboration and cooperation among GCC destinations are vital for leveraging their combined strengths and elevating the UAE travel sector to new heights. “While it’s clear that healthy competition will continue to play an important role in strengthening the GCC’s world-class tourism offering. It was also encouraging to hear how collaboration is enabling the region to become more than the sum of its parts in terms of attracting global travelers,” said ATM Exhibition Director ME, Danielle Curtis. See how it impacts Dubai’s real estate growth.
Source: Arabian Business