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FINANCIAL NEWS
UAE invests heavily in tourism to enhance growth
19 Nov 2015
(MENAFN) UAE’s economy prospect stays robust and solid on the back of the government’s vision and strategy to diversify and expand its resources amid the underwhelming atmosphere of global economy, as experts see it.
The top MENA nation is also more than ever encouraging investors to explore opportunities in healthcare, education and food and beverage sectors in the wake of anticipated growth in spending on infrastructure.
Additionally, Industry watchers and experts also forecast that the nation will welcome 500,000 medical tourists by 2020 that will boost medical tourism revenues to USD707.7 million throughout the coming five years.
“In 2014, Dubai treated 135,000 medical tourists, which covered about 1.1 percent of the total tourist arrivals. This year, the number is expected to reach 150,000 as per Colliers International,” said a top official.
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25 May 2025
BBK strengthens commitment to sports development through strategic partnership with Bahrain Basketball Association
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