The strategy aims to attract new investments worth Dhs100bn to the country’s tourism sector
Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai has launched a tourism strategy to strengthen the country’s status as a tourism hotspot.
The UAE Tourism Strategy 2031 comes under the ‘Projects of the 50’, and aims to raise the tourism sector’s contribution to GDP to Dhs450bn in 2031, with an annual increase of Dhs27bn.
It will also make efforts to attract new investments worth Dhs100bn to the country’s tourism sector, and welcome 40 million hotel guests by 2031.
The strategy includes 25 initiatives and policies to support the development of the country’s tourism sector. It is based on critical directions: strengthening the unified national tourism identity; developing and diversifying specialized tourism products; building tourism capabilities; encouraging the contribution of national cadres in the tourism sector; and increasing investments in all tourism sectors.
The strategy partners with various federal and local tourism authorities, national airlines, and international institutions and companies.
The strategy’s initiatives and directions will enhance the country’s efforts in providing an attractive national tourism environment, integrated tourism services, diverse destinations, and a developed infrastructure for the tourism sector, official news agency WAM reported.
It is also expected to encourage investment in various related sectors, including travel, aviation and hospitality; create new investment opportunities; beckon global companies to the local market, and develop tourism data and statistics.
The strategy comes in cooperation between the Ministry of Economy and various local and federal entities, including the Ministry of Foreign Affairs and International Cooperation, the Federal Authority for Identity, Citizenship, Customs and Port Security, the UAE Central Bank, the General Civil Aviation Authority, the UAE airlines, the World Tourism Organisation, a number of international companies and the Federal Competitiveness and Statistics Centre.
Source: Gulf Business