The Abu Dhabi Tourism & Culture Authority (TCA) is aiming to more than double the economic impact of the meetings, incentives, conferencing and exhibitions (MICE) segment of the tourism market by 2020. While the Abu Dhabi National Exhibition Centre (ADNEC) is key to this, a growing number of hotels and other enterprises are also focused on...
As one of the 12 strategic sectors identified in Abu Dhabi Economic Vision 2030, tourism plays a central role in the government’s plan to reduce the economy’s reliance on the hydrocarbons industry. To this end, Abu Dhabi has invested heavily in creating attractions to draw tourists, as well as building hotels and expanding the national airline to...
With oil prices at sustained high levels and the government pushing ahead with a large-scale investment programme to upgrade infrastructure, address social issues and further diversification, Saudi Arabia’s economy is thriving.
While hydrocarbons continue to make up the lion’s share of the emirate’s GDP, oil revenues are supporting long-term efforts to diversify the economy. Oil and gas accounts for about 52% of real GDP, down on previous years, followed by construction, manufacturing and real estate. High-quality transport infrastructure, meanwhile, is boosting trade activity and free zones in Abu Dhabi.
Since 2008 Dubai’s tourism sector has once again become a major economic contributor, following a downturn in the global economic crisis. In 2011 the industry attracted more than 9.3m tourists – up about 10% from the previous year – and contributed some 31% of the emirate’s total GDP, according to data from the Department of Tourism and Commerce...
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