• Home
• /
• Business

Dubai tourism projects to reach Dh450b by 2018

DUBAI — Tourism-related projects in Dubai would reach Dh450 billion by 2018, or more than 50 per cent of the total Dh858 billion being projected for the whole UAE, the Tourism Development Projects & Investment Market (TDIM) yesterday said.

In a Press statement, TDIM said UAE would account for 85 per cent of the Dh1-trillion tourism-related projects predicted for the six-member GCC.

Quoting a survey carried out by Reed Exhibitions, TDIM said the total value of projects for the MENA region would be Dh1.2 trillion by 2018. The survey was commissioned in time for the first major TDIM show to be held Dubai on January 20-22,2008.

"The move to organise TDIM in Dubai underlines Reed's commitment to conceive and stage events that support the development objectives of governments and needs of the corporate sector in the region," said Frederic Thux, president of Reed. "And I believe the show will play a key role in acting as a catalyst in the region's tourism development."

In a Press conference at the ongoing Arabian Travel Market (ATM), Thux said TDIM '08 would address various important issues in the tourism industry, particularly the co-operation between and among key government institutions, private project developers, and key industry players.

TDIM said UAE's tourism projects would spread over 558 million square metres of space when completed in 2018, or more than 75 per cent of the 737 million sq m area being planned for the entire GCC.