Increased activity during Ramadan supports sustainable economic diversification efforts
During the first few days of the holy month of Ramadan, major economic sectors in the UAE saw exceptional levels of momentum and activity, supporting the growth of the national economy. These sectors include the retail, hospitality, travel and tourism, and control and inspection sectors.
The increase in activity in these sectors enhances their contribution to economic growth. Moreover, they will be major contributors to sustainable economic diversification efforts in the next 50 years. In particular, the travel, aviation and hospitality sectors have surged on global indexes, confirming the UAE’s position as a tourism hub.
Hospitality boom
In the initial one-third of Ramadan, the hospitality sector in the UAE continued its growth momentum, driven by an increase in offers. The sector has attracted domestic tourists with a wide range of offers on accommodation and room rates.
During that time of…