Abu Dhabi, the vibrant capital of UAE, has a versatile tourism industry and company formation in the tourism sector can be very profitable. The tourism sector plays a major role in the growth of the country's GDP. There is almost a 2.7% increase in the GDP due to tourism and these numbers are expected to continue to grow in the near future. The Department of Culture and Tourism (DCT) of Abu Dhabi wants to ensure that visitor footfall continues to increase in the coming years.
Current Scenario of Tourism Industry in Abu Dhabi
Abu Dhabi’s economy is an amalgamation of multiple elements combined together and tourism plays a very important role in the country’s development.
Below are the reasons why forming a company can be a profitable venture:
- The government’s decision to boost tourism through public outreach simplifies the job of travel companies which make arrangements for tourists who will be travelling to different locations, creating the requirement to arrange for accommodation facilities.
- Cultural entertainment partners, too, have their share of contribution. They help by exposing guests of multiple nationalities to the in-house Arabic culture. The teamwork has led to a booming economy with a significant increase in the production of goods, new employment opportunities and more businesses eyeing the market.
- The speculations of launching six new mega projects, including business hubs, tech parks, and public and commercial areas in the Abu Dhabi region, have also provided a boost to the tourism sector.
A Plan to Attract Tourists
DCT has designed a plan in which it will market tourism in Abu Dhabi aggressively to attract international tourists. Let us understand this plan in detail -
- The DCT is targeting key markets, namely India and China in Asia, the USA and Canada in Northern America, and the United Kingdom in Europe, as most of the potential customers are present here. The plan would result in -
- A rise in Foreign Direct Investments (FDI) that will encourage and enhance company formation in Abu Dhabi
- Continuous infrastructure development across the city to make starting a business in Abu Dhabi favourable
- An increase in the number of employment opportunities
- DCT has also devised various PR campaigns and professional digital outreach methods to reach a wider audience across the globe. DCT also uses traditional marketing methods such as localised parades in highly populated target regions, hoardings and banners etc. This creates a chain of activity and information in the Abu Dhabi region.
It is observed that generating connectivity with audiences of different nations through the above-mentioned strategies genuinely motivates entrepreneurs and businessmen to start a business in Abu Dhabi.
The Role of the Government in Expanding the Tourism Market
Now even the government realises that vacation planners who prefer to visit new countries face regret if there is any outflow of money from their initially planned budget. In order to solve this problem, the government plans to reduce the prices for many of its tourist-related services, such as municipality hotel accommodation rates, tourism fees, and extended visit fees. Targeting these sectors during company formation in Abu Dhabi can prove to be profitable.
With the booming tourism market, your business setup in the tourism sector can also see similar growth. For expert guidance on matters related to legality and procedures associated with company setup in Abu Dhabi, contact Business Setup Worldwide today and book a free consultation with our experts. You are assured of a quality response.
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