Tourism to make up 12% of UAE GDP in 2024

The UAE's tourism industry is projected to account for 12 per cent of the country's Gross Domestic Product (GDP) this year, while employment in the sector will increase to 833,000 from 809,000 in 2023.

The figures were announced at the Arabian Travel Market (ATM) being held at the Dubai World Trade Centre DWTC) from May 6-9, where ministers from the UAE, Saudi Arabia, Bahrain and Oman discussed Gulf-wide collaboration, ease of inter-regional travel and infrastructure development.

Durlng a panel-discussion the ministers explored the importance of initiatives to elevate the GCC tourism industry to the next level, while striking the right balance between collaboration and competition between destinations and nations.

The planned GCC Unified Tourist Visa was cited as a key facilitator for the region, alongside factors such as sustainability, infrastructure and culture. 

Speakers, including Abdullah bin Touq Al Marri, UAE Minister of Economy, said they would continue to ensure that the travel industry positively impacts local businesses, communities and ecosystems, contributing to the long-term sustainability of tourism across the region.

Participants also explained that current and future infrastructure will complement the GCC Unified Tourist Visa by enhancing accessibility within and between Gulf nations. 

In addition to ongoing investment in new and existing airports and cruise terminals, they highlighted the central role of the upcoming GCC Railway in facilitating and optimising region-wide access for both domestic and international visitors.