Page 206 - MOE ENGLISH PR - APRIL 2024
P. 206

5/1/24, 9:15 AM                WEF Special Meeting: Tourism plays key role in boosting growth, says economy minister Al Marri
        leisure and retail. Moreover, it contributes to creating job opportunities for people of
        all ages, reducing unemployment rates.
        Al Marri also stated that by 2033, the tourism sector would boost its contribution to
        the global gross domestic product (GDP) to $15.5 trillion, accounting for 11.6 percent

        of the world’s economy. Moreover, Al Marri states that the sector will employ around
        430 million individuals globally, which makes up around 12 percent of the global
        workforce, according to the World Travel and Tourism Council‘s projections.















































        Sustainability advances tourism

        During the session at the WEF Special Meeting, Al Marri highlighted the importance
        of sustainability in driving the tourism sector’s growth in the immediate future.
        Therefore, sustainability calls for strengthening collaborative efforts across all fronts

        and levels to attain harmony between economic and environmental progress as well as
        social accountability. “The UAE is committed to promoting sustainability, not just in
        the tourism industry but across diverse economic and environmental sectors,” the
        Minister of Economy stated.

        Al Marri reiterated the UAE’s commitment to enhancing regional and global tourism
        infrastructure to ensure the sustainability of the sector. The country has launched
        several initiatives such as the ‘National Tourism Strategy 2031’ to increase the

        contribution of the tourism sector to the national GDP and promote sustainable


      https://economymiddleeast.com/news/wef-special-meeting-al-marri-tourism-global-economic-growth/               2/3
   201   202   203   204   205   206   207   208   209   210   211