The UAE mGovernment is not responsible for the accuracy of information in the translated language. Even though Dubai's economy was built on the back of the oil industry, most of the city's banking and financial centers headquartered in th… This statistic describes the total economic contribution of tourism and travel to the United Arab Emirates from 2012 to 2017, with an estimate for 2018 and a forecast for 2028. Some of the initiatives are listed below. Being one of the favorite tourist destinations in UAE, Dubai has seen a tremendous change in its economy in the past 50 years or so.

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Almarri said that to help increase the average length of stay, Dubai would build more entertainment facilities.

It is forecast to rise by 4.9 per cent per annum to AED 264.5 billion (USD 72 billion) which would be 12.4 per cent of GDP in 2027. Dubai’s main airport handled 5.85 million passengers in March, up 20.6 percent from a year earlier, according to airport authorities. However, the Dubai government is active in supporting growth of the industry by providing infrastructure, marketing the emirate overseas, adjusting visa policies for visitors and expanding the network of the state-owned Emirates airline. Plans for several theme parks have been announced in the last few months by companies backed by the government or Dubai’s ruling family. Having been forced to provision heavily for bad loans following the collapse of Dubai’s real estate market in 2008-2011, banks have become more prudent about financing large-scale projects. “Airport capacity is not on our critical list of issues to worry about,” said Almarri. This is expected to rise by 2.4 per cent per annum to 410,000 jobs which would be 5.9 per cent of total employment in 2027.The total contribution of travel and tourism sector to employment, including jobs indirectly supported by the industry was 10.4 per cent of total employment which was 617,500 jobs.

REUTERS/Ahmed Jadallah

U.ae Dubai has welcomed 8.36 million international overnight visitors in the first six months (January-June) of 2019, posting a positive three per cent in tourism volume growth …

Tourism is crucial to Dubai’s economy, which had a gross domestic product of around $90 billion last year; it supports the emirate’s large retail industry as well as its hospitality sector. DUBAI (Reuters) - Dubai aims to triple its annual income from tourism to 300 billion dirhams ($82 billion) by 2020, which would involve doubling the number of its hotel rooms, a senior official said. Updated on 26 Nov 2019 The UAE has launched several initiatives to boost the travel and tourism sector. It is forecast to rise by 11 per cent per annum over the next 10 years to AED 74.5 billion (USD 20.3 billion) in 2027 which would be 11.2 per cent of the total investments. Saudi Arabia, India and Russia will be the main contributors to expected growth in tourist numbers, Almarri told Reuters.

“With Emirates airline and other carriers we focus very much on extending the routes to those markets,” he said. Read about the contribution of travel and tourism to the UAE's GDP.The emirate of Sharjah welcomed 1.8 million guests into its accommodation sector. “I have every confidence that we will have over the next three to four years coming on line a significant number of tourist attractions which are purely entertainment-like theme parks,” said Almarri.

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