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5/15/24, 9:56 AM UAE Minister of Economy: Tourism Projected to Account For 12% of UAE GDP in 2024 - Wego Travel Blog

UAE Minister of Economy: Tourism

Projected to Account For 12% of UAE

GDP in 2024

by Wego Travel

This article has been reviewed and fact-checked by Wego’s editorial team.

During the opening day of the Arabian Travel Market (ATM) 2024, the Minister of
Economy and Chairman of the Emirates Tourism Council, Abdullah Bin Touq Al Marri,
highlighted the significant contribution of the tourism sector to the UAE’s
economy, Wego reports. The sector’s GDP increased by 11.7 percent in 2023,
amounting to AED 220 billion, and it is expected to reach 12 percent of GDP, which is
equivalent to AED 236 billion.

The 31st edition of ATM was held at the Dubai World Trade Centre until May 9th, with a
focus on Gulf-wide collaboration, inter-regional travel ease, and infrastructure
development.

Furthermore, the benefits of the GCC Unified Tourist Visa have been emphasized. This
visa presents the region as connected and accessible, driving tourism metrics such as
length of stay, spending, and job creation while ensuring positive impacts on local
communities and ecosystems. They also highlighted the role of infrastructure
investments, such as airports and the GCC Railway, in enhancing accessibility for both
domestic and international visitors.

Overall, the discussions at ATM 2024 highlighted the importance of collaboration,
infrastructure, and the unified visa in advancing the GCC tourism industry and fostering
economic growth and sustainability in the region.

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