An additional three million international visitors are expected to come to the UAE during Expo 2020 Dubai.
That’s according to research from Colliers International, which predicts India, Saudi Arabia, the Philippines, the UK and Pakistan to drive this influx.
It says Expo 2020 will also help the country reach out to new and emerging source markets for tourism.
The introduction of a multi-entry five-year tourist visa is expected to play a key role in attracting frequent travellers to the UAE for longer stays.
The report has been released ahead of the Arabian Travel Market (ATM), which runs from April 19-22.
"Not only will Expo 2020 increase international arrivals to the UAE and showcase the country as a major global tourism hub, it will also provide the country with the opportunity to expand its world-class hospitality offerings; upgrade its airports and transport infrastructure, and develop an expansive array of new retail, leisure and entertainment facilities, as well as diversifying its key source markets," said Danielle Curtis, Exhibition Director ME, ATM.
DMCC — Dubai’s leading international business district — has announced plans to create a new Financial Centre that will anchor trade finance, fintech innovation and digital asset solutions across its 26,000-member community.
The Central Bank of the UAE (CBUAE) has decided to cut the Base Rate applicable to the Overnight Deposit Facility (ODF) by 25 basis points, from 4.15 per cent to 3.90 per cent, effective from Thursday, October 30.
Syrian President Ahmed Al-Sharaa announced that the country has attracted approximately $28 billion in investments during the first six months of this year, highlighting significant participation from companies based in the UAE, Saudi Arabia, and Qatar.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has emphasised the UAE's commitment to strengthening economic ties with African nations.
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Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities!
Make sure to tune in every weekdays to Tag Gising Na from 5AM - 10 AM for a comprehensive roundup of important updates.