The Role of Tourism in Dubai Economy
Autor: Sara17 • January 9, 2018 • 2,316 Words (10 Pages) • 676 Views
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- Gross domestic product:
In detail, revealed «report Dubai's economy in 2015», launched by the Dubai Economic Council that the GDP of Dubai's growth rate exceeds the gross domestic product in the world growth rate, pointing out that Dubai's economy achieved in 2014 outperformed many regions of the world economies. According to the report, real GDP for Dubai's growth rate was about 3.8%, while real GDP global growth rate of only 3.4%. The report said that the real GDP growth rate in the developed countries of 1.8%, while the rate of growth in emerging and developing countries
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together amounted to 4.6%. At the regional level, the rate of growth in the Middle East and North African countries amounted to 2.6%, and the GCC 3.4%.
The report pointed out that in 2014 contributed to the sectors key combination (wholesale and retail trade, transport, storage and communication, manufacturing, real estate, construction, finance and projects) by about 90.3% of the GDP of Dubai, pointing out that the wholesale sector and retail shares by about 29% of GDP, followed by transport, storage and communications sector increased by 15.5%, followed by the manufacturing sector by about 13.8%, then the real estate sector increased by 13.3% and business services and financial enterprises increased by 11.1%, and the construction sector by 7.6%.
The report noted that the average per capita GDP of Dubai has witnessed an upward path between 2000 and 2008, increasing from 83.9 thousand dirhams (22.8 thousand US dollars) to 210.4 thousand dirhams ($ 57.2 thousand), respectively, pointing out that this pattern growth was incapable of sustaining because of the circumstances surrounding it, which are linked to the unprecedented growth that the real estate sector witnessed mainly and the crisis of the banking sector during the period from 2000 to 2008.
The report emphasized that after the deflation of about 1.7% in 2012, came back the price level to rise in 2013 and 2014 which led to a rise in inflation from 1.3% in
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2013 to 3.37% in 2014, pointing out that the other major expenditure groups such as restaurants and hotels group and food and non-alcoholic beverages, health has seen inflation rates higher in 2014 than in 2013. The report noted that the Government of Dubai has been able to maintain the budget deficit under 3% of GDP, which is the rate that is being used as a criterion for the stability of the public finances in many areas the world. He pointed to a continuation of the Government of Dubai in promoting financial accounts by reducing its budget as a proportion of GDP deficit during the years from 2010 until 2013; this approach has continued to strengthen the balance the government of Dubai in 2014, where the deficit was only 0.2% compared to 0.4% in 2013.
Dubai distinctive tourist destination
Dubai has become the first tourist destination in the Middle East is not only for Europeans seeking warmth and splendor of the East, but for various sectors notably young people and families, according to a report to the channel "Arab" recently. Dubai has thanks to a unique architecture and outstanding services to attract a large segment of the youth population, who are the driving force in the tourism industry. As able emirate attract families, classified British website dedicated as the first tourist destination more attractive to families in 2013. The emirate of Dubai announced its
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intention to implement a plan for the development of the tourism sector to increase tourism from the 15 million tourists a flow annually to 20 million tourists every year by 2020. the Department of Tourism in Dubai that the emirate's ruler, Sheikh Mohammed bin Rashid Al Maktoum, a plan that aims to double the annual contribution of the tourism sector in the local economy for Dubai to three times what is currently being achieved revenues adopted.
Most tourist attractions in Dubai
There are 10 prominent tourist attractions in Dubai, namely:
- Palm Island :
Jumeirah man-made island in the shape of palm trees, is composed of three parts, the trunk, the crown and 17 fronds, and surrounding this Savat barrier semicircular artificial, includes a number of hotels and resorts notably Atlantis Hotel, Jumeirah Zabeel Saray Hotel, Rixos and other hotels Hotel.[pic 64][pic 65]
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- Burj Khalifa:
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It is the highest skyscraper in the world built by human height of 828 meters, featuring the tower of the hotel category 7 hovering - Armani, as this tower featuring the highest restaurant in the world "atmospher."[pic 74]
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- Arab Tower Hotel:
Is the world's most prestigious hotels of the 7-star, this hotel is located on an artificial island just a hundred meters from the seafront.
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- Downtown Dubai:
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It is the most prestigious square kilometer in the world, and that includes the longest and the biggest and best, in terms of Burj Khalifa, the tallest in the world, Dubai Mall, the world's largest dancing fountain and the old city.[pic 86][pic 87][pic 88]
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- JBR Walk:
Residence is a walkway surrounded by public squares, fountains, Jumeirah Beach, offering many exclusive shopping, hotels, restaurants and cafes possibilities.[pic 92]
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- Dubai Aquarium:
It is an aquarium containing 65,000 marine animals, Kosmak sharks, eels and sea horses, fish Dari. There are in Dubai the first two basins in Dubai Mall under the name of Dubai Aquarium and the second Atlantis Hotel under the name of the missing closets.[pic
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