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5/14/24, 4:13 PM Tourism to make up 12% of UAE GDP in 2024 - ARN News Centre- Trending News, Sports News, Business News, Dubai News, U…
Tourism to make up 12% of UAE
GDP in 2024
News Home More from Business Tuesday, 7 May 2024 12:35
By ARN News Staff
File Picture
The UAE's tourism industry is projected to account for 12 per cent of the country's Gross
Domestic Product (GDP) this year, while employment in the sector will increase to 833,000
from 809,000 in 2023.
The figures were announced at the Arabian Travel Market (ATM) being held at the Dubai World
Trade Centre DWTC) from May 6-9, where ministers from the UAE, Saudi Arabia, Bahrain and
Oman discussed Gulf-wide collaboration, ease of inter-regional travel and infrastructure
development.
Durlng a panel-discussion the ministers explored the importance of initiatives to elevate the GCC
tourism industry to the next level, while striking the right balance between collaboration and
competition between destinations and nations.
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