The UAE economy branching away from oil and focusing on tourism big time

Friday, January 28, 2022

The UAE economyis branching away from oil and each emirate is doing its bit by accelerating the national diversification drive that will make the country a tourism, retail, cultural, scientific, and space powerhouse.

Tourist numbers are going up even in the middle of the pandemic, and with the further easing of curbs, pre-pandemic figures might be achievable quite soon.

Aviation is getting its wings back and UAE airlines are striving to meet the challenges posed by the pandemic that brought the travel industry to a standstill two years ago.

Dubai continues to aim higher while eyeing the space sector and R&D; Abu Dhabi is making a pitch in technology, while Sharjah is polishing its cultural credentials.

Ras Al Khaimah, meanwhile, is breaking the mould for becoming a major global tourism hub. The emirate is expanding into the Arabian Gulf and doing what others haven’t done yet – building a mega, ‘integrated’ resort. The announcement of the multi-billion dollar ‘super’ resort with 10 restaurants, a large convention centre, and a ‘gaming ‘area has put the spotlight on the charming coastal emirate that is now being considered as a pioneer in entertainment and the gaming industry in the Middle East.

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