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5/1/24, 9:15 AM H.E. Bin Touq leads UAE delegation participating in World Economic Forum in Riyadh

H.E. Bin Touq leads UAE delegation participating

in World Economic Forum in Riyadh

Minister of Economy elaborates on the country's efforts in driving sustainable tourism growth

Abu Dhabi, April 29, 2024: H.E. Abdulla bin Touq Al Marri, Minister of Economy, led the UAE
delegation at the World Economic Forum in Riyadh, Saudi Arabia, that was held on April 28 and 29
under the theme ‘International Cooperation, Growth, and Energy for Development.’ The delegation
included Abdullah Ahmed Al Saleh, Undersecretary at the Ministry of Economy.

At the forum, H.E. Bin Touq took part in a session on the future of sustainable tourism development
and leveraging tourism's potential as a primary driver for agile economic growth. Other participants
included H.E. Ahmed Al Khatib, Saudi Minister of Tourism; Thiago Alonso de Oliveira, CEO of JHSF;
Jerry Inzerillo, CEO of Al Diriyah Group; and Aireen Omar, President and CEO of RedBeat Capital,
Capital A (AirAsia).

Acknowledging the tourism sector’s key role in boosting global economic growth, H.E. Bin Touq said
that it also serves as a key pillar in the achievement of SDGs by 2030. This is due to its significance
and broad impact on delivering sustainable development for nations through increasing revenues,
attracting FDI, creating job opportunities, establishing varied tourism ventures, and enhancing
transport infrastructure.
H.E. Bin Touq explained that in addition to contributing to the growth of related services and
industries such as hospitality, transport services, leisure and retail sectors, tourism contributes to
creating job opportunities for people of all ages, reducing unemployment rates. He further pointed
out that by 2033, this dynamic sector is projected to boost its contribution to the global GDP to USD

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