How Much of UAE Economy Is Tourism?
The United Arab Emirates (UAE) is well-known for its luxurious lifestyle, modern architecture, and vibrant culture. But did you know that tourism plays a significant role in the country’s economy? In fact, tourism is one of the major contributors to the UAE economy.
The Importance of Tourism for UAE Economy
The UAE is one of the most visited countries in the world and attracts millions of tourists every year. The government has taken various initiatives to promote tourism and develop infrastructure around it. This has resulted in a boost in the country’s economy, creating job opportunities and increasing revenue.
According to recent statistics, tourism contributes around 11% to the UAE’s GDP. This makes it one of the main pillars of the country’s economy alongside oil and gas.
Tourism Statistics in UAE
The number of tourists visiting the UAE has been steadily increasing over the years. In 2019, around 16 million tourists visited Dubai alone. This number is expected to reach 20 million by 2020, according to Dubai Tourism.
The revenue generated from tourism has also increased substantially in recent years. In 2018, the total revenue from tourism was AED157 billion ($42.7 billion). This was an increase from AED154 billion ($41.9 billion) in 2017.
Major Tourist Attractions in UAE
The UAE offers a plethora of tourist attractions that cater to all age groups and interests. Some of the most popular tourist attractions include:
- Burj Khalifa: The tallest building in the world located in Dubai
- Palm Jumeirah: An artificial island in Dubai shaped like a palm tree
- Sheikh Zayed Grand Mosque: The largest mosque in the country located in Abu Dhabi
- Dubai Mall: One of the largest shopping malls in the world with over 1,200 stores
- Ferrari World: An amusement park in Abu Dhabi with the world’s fastest roller coaster
Conclusion
Tourism is a crucial contributor to the UAE economy, providing significant revenue and job opportunities. The government’s focus on developing infrastructure and promoting tourism has resulted in an increase in visitor numbers and revenue. With its luxurious lifestyle and modern attractions, the UAE will continue to be a popular tourist destination for years to come.