(MENAFN– Khaleej Times) The UAE seeks to attract new investment to the tune of Dh100 billion to the tourism sector and welcome 40 million guests to the country’s hotels by 2031, a senior government official has said.
Khaled Al Midfa, chairman of Sharjah Commerce and Tourism Development Authority, said the country’s tourism sector contributed Dh220 billion to the gross domestic product in 2023, accounting for 11.7 per cent of the overall economy. This upward trend is expected to continue in 2024, with projections indicating the sector will reach Dh236 billion and account for an even greater share of the GDP at 12 per cent. The UAE’s Tourism Strategy seeks to raise the sector’s contribution to the country’s GDP to Dh450 billion by 2031, said Al Midfa, who led a UAE delegation to the UN Tourism 50th Regional Commission Meeting for the Middle East in Muscat.
Industry experts said the upcoming unified GCC visa would allow member nations to present…
