UAE tourism has increased tenfold

11/01/2012 - Northern Emirates Property & Investment News Posted by Bob Brunskill
UAE tourism has increased tenfold

International property investors could be among those tempted to seek opportunities in the UAE following the recent comments of one expert.According to Mohammed Al Asumi, a former economic adviser at Dubai Executive Office, tourism in the UAE has increased tenfold in the country's 40-year history.In an interview with Emirates 24-7, the expert said the growth comes as a result of huge investments and an extensive drive to "diversify the country’s oil-reliant economy".Asumi, who has also served as chief of the economic section at the Emirates Industrial Bank, commented: "The country has become a first-class tourist destination and is now attracting millions of tourists from all over the world every yea,” said“The success of the UAE’s tourism sector is evident from its contribution to the GDP, which has gone up from just one percent 40 years ago, when the Union was established, to about 10.4 percent at present."