Emirates .. promising opportunities for tourist investments
Abu Dhabi, April 13 / WAM / The UAE continues to consolidate its position as a main destination for tourism investment, taking advantage of an attractive investment environment, advanced infrastructure, and supportive policies for the growth of the sector.
The tourism sector in the UAE is developing a growth in investment opportunities at all levels, starting with infrastructure, and passing through hotels, resorts and entertainment projects, to investments in sustainable tourism that are in line with the state’s orientation towards the green economy.
The relevant government agencies continue to support the tourism sector by implementing qualitative initiatives aimed at developing tourism destinations and supporting innovation, and cooperation with the private sector to ensure the achievement of the highest quality and excellence standards.
Through the National Tourism Strategy 2031, the UAE seeks to enhance its position among the best global tourism destinations; The strategy aims to raise the sector’s contribution to the gross domestic product to 450 billion dirhams, attract new investments worth 100 billion dirhams, and attract 40 million inmates in hotel establishments by 2031.
During the past year, the UAE achieved significant growth rates and achievements in the tourism sector, as the revenues of hotel establishments in the country reached approximately 45 billion dirhams, a growth rate of 3% compared to 2023, while the hotel occupancy rate increased to 78%, which is among the highest rates at the regional and global levels.
The UAE ranked first in the Middle East and North Africa region and the 18th globally in the Tourism and Travel Development Index issued by the World Economic Forum in 2024.
According to the global “Arthur de Little”, the UAE was not satisfied with building the most luxurious hotels, but also succeeded in combining hospitality and cultural and recreational experiences.
Officials and experts in the tourism sector stated that the sector still includes many opportunities, noting that the major projects, whether at the same sector, or at the level of other sectors, are to push towards the development of the tourism sector and increase the feasibility of investing in it.
Mohamed Al -Rayes, head of the Dubai Travel and Tourism Agents Group, and CEO of the Rayes Group for Travel, said that the UAE has witnessed many pioneering and exceptional projects in the tourism sector during the past years, which brought the sector to the levels that reached the forefront at the region level in tourism experiences and global leadership in many areas related to the tourism sector.
He stressed that the UAE continues to consolidate its position as an international investment and tourism destination through major projects in the emirates of the country, which reflects the confidence of investors in the prospects for sustainable growth in the tourism sector.
He explained that the tourism sector includes recreational tourism, business tourism and conferences, and medical tourism, and that there are projects in every emirate that falls within one of these types or covers them all, which shows a comprehensive strategic vision of the diversity of the tourism product in the country.
He stressed that the current and future major projects launched by the UAE are a clear message to investors that the tourism sector in the country still provides many opportunities, and has the ability to achieve increasing revenues, and absorb more qualitative investments.
He added that the momentum in tourism projects is not limited to a specific emirate, but rather a general trend at the state level, pointing out that this boom in tourism investment represents a great impetus to attract more population and tourists alike.
For his part, Hosni Abdel -Hadi, CEO of Emirates Carlton Hotels, stressed that the great momentum witnessed by the tourism sector in the country confirms a clear leadership vision towards consolidating the state’s position as an integrated global tourist and investment destination, indicating that the expansions of tourism and hotel infrastructure projects enhance the confidence of investors and open new prospects for growth.
He said that the giant projects witnessed by the state, whether in airports or major tourist destinations such as the artificial islands and cultural landmarks, confirm that the UAE is not satisfied with preserving its gains, but rather moves at a confident step towards a more advanced and diverse future in the tourism sector.
He added: “We are witnessing a remarkable growth in the demand for hospitality from various global markets, driven by the stability of the state and the diversity of tourism patterns in it.”
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