Dubai’s Crown Prince Sheikh Hamdan bin Mohamed bin Rashid Al Maktoum has announced a plan to boost tourism in the city.
In a Twitter post, the crown prince said Dubai will merge the economy and tourism departments to attract 25 million tourists by 2025.
He said that Helal Al Marri will lead the new department as a general director. The new department’s main objectives include increasing the added value of the industrial sector by 150 percent over the next five years, he added.
The prince continued to say that with this move, foreign export markets for local products would expand by 50 percent, and the number of tourists would increase by 40 percent.
Sheikh Hamdan stated that the Emirate also intends to attract 100,000 companies in the next three years. He continued that at least, 400 global economic events would be held in the city annually by 2025.
Private sector companies and family businesses would be encouraged to list on the financial markets and stock exchanges in Dubai, he added.