UAE taps tourism potential

ACCORDING to a recent report the UAE will account for nearly 86 per cent of tourism-related construction projects in the Gulf over the next eight years.

A study by industry researcher RNCOS revealed that around Dh858 billion ($234bn) is earmarked for tourism-related construction projects to 2018. And the research, reported by Emirates 24/7, found that the UAE will account for 86 per cent of the total investment planned in the region over the same period, with Abu Dhabi government-backed projects expected to lead the way.

The report stated: ‘The UAE has one of the fastest growing tourism industries in the Middle East. As a result, several new projects have been announced to tap the opportunity created by the growing demand for hotels and amusement and theme parks.’