Now That's Diversification!

According to documents provided by the UAE government, tourism and the hotel industry have emerged as leading revenue earners in the country. In Dubai alone, the tourism industry has accounted for a steadily increasing percentage of the emirate's GDP, with the combined tourism and retail sectors contributing more than 20 per cent of Dubai's Gross Domestic Product (GDP), far surpassing the oil sector that contributes just a little over 6 per cent of the GDP.

Due to its location, the UAE has been able to act as a connecting link between Europe and the Indian subcontinent, the Far East and Africa. Traditional Arab hospitality and a delightful winter climate complemented by a highly sophisticated tourism infrastructure, have also contributed in recent years to creating an ideal atmosphere for the development of tourism. The country is also a much sought after venue for conferences, regional and international exhibitions and major sports events.