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5/1/24, 9:17 AM Dailyhunt
Bin Touq leads UAE delegation participating in WEF Special

Meeting in Riyadh

Emirates News Age… . 1d ago
RIYADH, 29th April, 2024 (WAM) -- Abdullah bin Touq Al Marri, Minister of Economy,
led the UAE delegation at the World Economic Forum (WEF) Special Meeting on Global Collaboration, Growth and Energy for
Development in Riyadh, Saudi Arabia, which was held on 28th and 29th April.

The delegation included Abdullah Ahmed Al Saleh, Under-Secretary at the Ministry of Economy.

At the forum, 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 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, 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.

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 US$15.5
trillion, accounting for 11.6 percent of the world economy. It is expected to provide employment for around 430 million individuals
globally, which makes up almost 12 percent of the global workforce, as per the World Travel and Tourism Council's projections.

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