AED50-bn Stimulus Package Will Accelerate Abu Dhabi's Economic Growth: Officials Of Department Of Culture And Tourism

Officials from the Department of Culture and Tourism – Abu Dhabi have said that the AED50-billion stimulus package, announced by His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, will sharpen the emirate's competitive edge.

ABU DHABI, (UrduPoint / Pakistan Point News / WAM - 06th Jun, 2018) Officials from the Department of Culture and Tourism – Abu Dhabi have said that the AED50-billion stimulus package, announced by His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, will sharpen the emirate's competitive edge.

Mohamed Khalifa Al Mubarak, Chairman of the Department of Culture and Tourism – Abu Dhabi, said, "Echoing the leadership’s foresight and vision, the AED50-billion stimulus announcement by His Highness Sheikh Mohamed bin Zayed is highly significant given its direct impact on the government’s strategy to diversify the economy and further grow the non-oil sectors. This recent directive reiterates the pivotal role that the tourism sector continues to play, especially in introducing Abu Dhabi to the world as a global destination for not only short-term visits but also for investment and long-term stays.

"Given its mandate to establish Abu Dhabi’s position as a destination of distinction, the Department of Culture and Tourism – Abu Dhabi acknowledges the responsibility bestowed upon it to fulfil this directive and work towards bolstering the emirate’s cultural and eco-tourism offerings. Along with our partners, we have devised effective initiatives and programmes to build an industry that can provide the impetus for economic growth and social development.

As we move forward, we will continue our efforts to attract an increasing number of tourists to the emirate for extended periods of time."

Saif Saeed Ghobash, Under-Secretary of the Department of Culture and Tourism – Abu Dhabi, commented, "We are confident that these recently announced stimulus measures will create a much more competitive environment in Abu Dhabi. This will effectively encourage private sector stakeholders and investors to seek out opportunities in booming sectors such as tourism. The sector presents promising diversification opportunities, as the need for culturally enriching, authentic and unique experiences continue to grow exponentially across the globe.

"As highlighted in His Highness Sheikh Mohammed’s directive, eco-tourism sits at the heart of the future of the tourism industry and it is an area where Abu Dhabi has displayed and continues to display a pioneering role. We look forward to joining forces with our partners in the private and public sectors to leverage the emirate’s unique offerings and grow our eco-tourism sector with the aim of creating a sustainable and culturally enriching environment for both residents and visitors."