Abu Dhabi plans to increase the tourism sector's contribution to its gross domestic product to 12 per cent by 2030, up from 5 per cent this year, as the emirate continues to promote itself as a travel and culture destination.
The emirate's long-anticipated new Midfield terminal at Abu Dhabi International Airport will enable the city to tap into new source markets and provide the capacity to handle more international passenger traffic once it opens, Saood Al Hosani, undersecretary of the emirate's Department of Culture and Tourism, told The National on Thursday.
"The airport is going to play a critical role in, first of all, promoting the destination and giving accessibility to a large number of international visitors," he said.
"With [the airport's] expansion and growth strategy, this is going to open new markets for us to tap into."
Abu Dhabi is seeking to diversify non-oil sectors – as part of wider plans to reduce the economy's reliance on oil – with a focus on growing strategic industries including tourism, manufacturing, advanced technology and logistics.
The emirate is promoting Emirati heritage, cultural experiences, international theme parks, global sports events, corporate events and incentive travel.
In April, it launched a new fund aimed at further growing its meetings, incentives, conventions and exhibitions (Mice) industry.
The UAE capital is intensifying its promotion and marketing campaigns and is "on track" to meet its target of attracting 24 million visitors this year, up from 18 million last year, Mr Al Hosani said.
Abu Dhabi is running promotional campaigns to 44 markets currently, up from 22 markets previously, to spread awareness about the city's diverse tourism offerings, he said.
The top source markets for Abu Dhabi include China, India, the GCC, Egypt, Italy, France, Germany, US and the UK, the undersecretary said.
"We have expansion into a lot of markets in western Europe, but what's going to give us a huge difference is ... the expansion into the Chinese and Indian markets. These are where we are tapping into more and getting more market share in China and India," he said.
While China has reopened its borders to international travel, airlines are still slowly adding more capacity into that market.
Abu Dhabi is working with aviation stakeholders to make sure "that their ramp-up and growth strategies goes hand-in-hand with our targets", Mr Al Hosani said.
In March, Abu Dhabi's Etihad Airways and Asia's biggest carrier China Southern Airlines signed a preliminary pact to expand their flight codeshare agreement that will allow both partners to offer more destinations to their passengers.
Mr Al Hosani emphasised the importance of diversifying tourism source markets for sustainable growth, a key lesson learnt from the Covid-19 pandemic, he said.
Abu Dhabi, home to a branch of the Louvre museum and to Ferrari World theme park, also expects to register hotel occupancy rate of 72 per cent for this year, Mr Al Hosani said. This is up from 70 per cent occupancy in its hotels 2022.
To meet the forecast growth in tourism and hospitality sectors, DCT expects 20,000 to 25,000 jobs to be created in the industry by 2026, he said.
Coming out of the pandemic, Abu Dhabi will forge ahead with a "very ambitious plan, I'm not looking for one or two-digit growth, we're looking for a game-changing initiative that will give Abu Dhabi as a destination a competitive advantage," Mr Al Hosani said.
Abu Dhabi is growing the number of leisure and business events in its calendar to increase visitors' length of stay in the city and increase the economic multiplier-effect, the official said.
"We're going to continue to protect our identity, our heritage and our language, and focus on building a culture and creative industry that supports the quality of life and supports community development," he said.
"We will also continue to promote Abu Dhabi as a culture and tourism destination."
Jetour T1 specs
Engine: 2-litre turbocharged
Power: 254hp
Torque: 390Nm
Price: From Dh126,000
Available: Now
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The specs
Engine: 2.0-litre 4-cylinder turbo
Power: 258hp from 5,000-6,500rpm
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Transmission: Eight-speed auto
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The specs
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Haemoglobin disorders explained
Thalassaemia is part of a family of genetic conditions affecting the blood known as haemoglobin disorders.
Haemoglobin is a substance in the red blood cells that carries oxygen and a lack of it triggers anemia, leaving patients very weak, short of breath and pale.
The most severe type of the condition is typically inherited when both parents are carriers. Those patients often require regular blood transfusions - about 450 of the UAE's 2,000 thalassaemia patients - though frequent transfusions can lead to too much iron in the body and heart and liver problems.
The condition mainly affects people of Mediterranean, South Asian, South-East Asian and Middle Eastern origin. Saudi Arabia recorded 45,892 cases of carriers between 2004 and 2014.
A World Health Organisation study estimated that globally there are at least 950,000 'new carrier couples' every year and annually there are 1.33 million at-risk pregnancies.
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Engine: 8.0-litre quad-turbo W16
Transmission: 7-speed DSG auto
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Torque: 1,600Nm
0-100kph in 2.4seconds
0-200kph in 5.8 seconds
0-300kph in 12.1 seconds
Top speed: 440kph
Price: Dh13,200,000
Bugatti Chiron Pur Sport - the specs:
Engine: 8.0-litre quad-turbo W16
Transmission: 7-speed DSG auto
Power: 1,500hp
Torque: 1,600Nm
0-100kph in 2.3 seconds
0-200kph in 5.5 seconds
0-300kph in 11.8 seconds
Top speed: 350kph
Price: Dh13,600,000
Company%20Profile
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Should late investors consider cryptocurrencies?
Wealth managers recommend late investors to have a balanced portfolio that typically includes traditional assets such as cash, government and corporate bonds, equities, commodities and commercial property.
They do not usually recommend investing in Bitcoin or other cryptocurrencies due to the risk and volatility associated with them.
“It has produced eye-watering returns for some, whereas others have lost substantially as this has all depended purely on timing and when the buy-in was. If someone still has about 20 to 25 years until retirement, there isn’t any need to take such risks,” Rupert Connor of Abacus Financial Consultant says.
He adds that if a person is interested in owning a business or growing a property portfolio to increase their retirement income, this can be encouraged provided they keep in mind the overall risk profile of these assets.
White hydrogen: Naturally occurring hydrogen
Chromite: Hard, metallic mineral containing iron oxide and chromium oxide
Ultramafic rocks: Dark-coloured rocks rich in magnesium or iron with very low silica content
Ophiolite: A section of the earth’s crust, which is oceanic in nature that has since been uplifted and exposed on land
Olivine: A commonly occurring magnesium iron silicate mineral that derives its name for its olive-green yellow-green colour