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Home Gulf News

Tourism is Projected to Account for 12% of The UAE’s GDP in 2024, According to Minister

May 8, 2024
in Gulf News, Dubai, UAE
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Tourism is Projected to Account for 12% of The UAE's GDP in 2024, According to Minister.

Abdullah Bin Touq Al Marri, Minister of Economy and Chairman of the Emirates Tourism Council, emphasised that the tourism sector contributed to the UAE’s economy, with an 11.7% increase in Gross Domestic Product (GDP) in 2023, totaling Dhs220 billion.

Speaking on the first day of the Arabian Travel Market (ATM) 2024, Al Marri stated that the sector is expected to contribute 12% of the UAE’s GDP, equivalent to Dhs236 billion.

The 31st edition of ATM, held at Dubai World Travel Centre (DWTC) until May 9th, focused on Gulf-wide collaboration, ease of inter-regional travel, and infrastructure development.

Following Al Marri’s speech, a panel discussion was held with Khalid Jasim Al Midfa, Chairman of the Sharjah Commerce and Tourism Development Authority, Fahd Hamidaddin, CEO of the Saudi Tourism Authority, Azzan Al Busaidi, Under-Secretary of Tourism at Oman’s Ministry of Heritage and Tourism, and Sarah Buhijji, CEO of the Bahrain Tourism and Exhibitions Authority. Dubai Eye presenter Richard Dean moderated the session.

During the in-depth discussion, the ministerial panellists discussed the importance of inter-regional initiatives in taking the GCC tourism industry to the next level and striking the right balance between collaboration and competition among destinations and countries. The planned GCC Unified Tourist Visa was cited as a key facilitator for the region, alongside factors such as sustainability and infrastructure.

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