Page 915 - MOE ENGLISH PR REPORT - OCTOBER 2024

UAE targets Dh450 billion worth of investments in

hotel industry over 7 years: Al Marri

Tourism projected to account for 16% of UAE GDP by 2031: Al Marri

Published: October 02, 2024 07:00Dhanusha Gokulan, Chief Reporter

UAE's
Minister of Economy said he is also seeking ways to introduce new types of products into UAE’s
Northern EmiratesImage Credit: X/Dubai Media Office

Dubai: The UAE is setting its sights high for the hospitality and tourism sector, projecting it will
account for 16 per cent of the nation’s GDP by 2031, a significant rise from 11.7 per cent in 2023,
equating to Dh 220 billion.

To realise these ambitious goals, the country plans to secure over Dh 450 billion in investments
within the hotel industry over the next seven years. This strategy includes diversifying offerings by
making substantial inroads into wellness and medical tourism and enhancing tourism initiatives in
the Northern Emirates, including Sharjah, Fujairah, Ajman, and RAK.

Abdulla bin Touq Al Marri, UAE Minister of Economy, outlined these targets at the Future Hospitality
Summit in Dubai and said that the UAE is on track to achieve them.

https://gulfnews.com/business/tourism/uae-targets-dh450-billion-worth-of-investments-in-hotel-
industry-over-7-years-al-marri-1.1727801392355