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5/1/24, 9:16 AM PRESSR: H.E. Bin Touq leads UAE delegation participating in World Economic Forum in Riyadh — TradingView News
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 15.5 trillion, accounting for 11.6 per cent of the world

economy. It is expected to provide employment for around 430

million individuals globally, which makes up almost 12 per cent of

the global workforce, as per the World Travel and Tourism Council's

projections.

Importance of sustainability in advancing tourism

During the session, H.E. Bin Touq emphasized that sustainability is

key to boosting the tourism sector’s growth in the immediate future,

particularly given the current global environmental and social

challenges. It calls for strengthening collaborative efforts across all

fronts and levels to attain a harmony between economic and

environmental progress as well as social accountability.

Furthermore, H.E. Bin Touq highlighted the UAE's commitment to

enhancing the regional and global tourism infrastructure to ensure

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