Dubai government has planned to merge the Departments of Economy and Tourism with the aim of expanding the tourism industry, tweeted Sheikh Hamdan bin Mohamed Bin Rashid Al Maktoum, Dubai’s Crown Prince.
As part of the new development vision in Dubai, the appointment of Mr. Helal Al Marri as Director-General of the new department aims at increasing the added value of the industrial sector, expanding foreign trade, and reaching 25 million tourists in 2025.
According to reports, Dubai’s ruler Sheikh Mohammed bin Rashid Al Maktoum stated that the new department’s main objective will include increasing the added value of the industrial sector by 150 percent over the next five years, expanding foreign export markets for local products by 50 percent, and increasing the number of tourists by 40 percent.
Sheikh Mohammed further explained that the Emirate aims to attract 100,000 companies in three years, 400 global economic events per year by 2025, and encourage private sector and family businesses to list on Dubai’s financial markets and stock exchanges.
Dubai hosted 2.85 million international overnight visitors from January to July 2021, according to government data from Dubai Tourism and Commerce Marketing. The emirate was one of the first cities in the world to reopen its markets and businesses in July 2020, and it continues to do so while adhering to strict health and safety regulations.
Dubai tourism and economy has grown significantly in accordance with Expo 2020, which will run till 31st March 2022, leading the city’s growth into a global business and tourism hub.
