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.
Parkin has entered into a multi-year agreement with real estate developer Binghatti Holding, where it will operate approximately 1,200 spaces across selected Binghatti developments.
The UAE's Minister of Economy and Tourism, Abdulla bin Touq Al Marri, has met with a high-level delegation from Uzbekistan to explore ways to strengthen economic and investment ties.
Dubai Chambers has held talks with a major Chinese trade body in Shanghai aimed at strengthening economic ties and increasing trade and investment between the two markets.
Saudi Arabia has restored full oil pumping capacity through the East-West pipeline to about seven million barrels per day, it said on Sunday, days after providing an assessment of damage on its energy sector from attacks during the Iran conflict.
Dubai’s First Deputy Ruler, His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, has held talks with the chief executive of global investment firm Brookfield Corporation on strengthening cooperation and attracting further investment to the emirate.