H.E. Sheikha Lubna discusses UAE's tourism potential with foreign travel professionals

H.E. Sheikha Lubna discusses UAE's tourism potential with foreign travel professionals
 
6th GlobalStar Annual Conference gathers 150 travel and tourism executives from 60 countries in Dubai
 
H.E. Sheikha Lubna Al Qasimi, UAE Minister of Foreign Trade, has today (Monday, May 12, 2008) delivered a keynote address highlighting the UAE's economic success; discussing the UAE’s tourism potential with foreign travel professionals during the 6th GlobalStar Annual Conference, being held at the Hyatt Regency Dubai from May 10 - 14, 2008. 
 
More than 150 delegates from 60 countries representing GlobalStar, a unique group of prominent international travel management companies, attended the annual event to discuss regional and international opportunities in travel and tourism in anticipation of the industry’s expected 4 per cent annual growth rate over the next decade.
 
“The travel and tourism sector has become a major growth area of the UAE and an important component of its economic diversification efforts. Our country has become a preferred leisure and business destination because of the unique mix of modernity and rich Arab heritage that we offer travellers.  The UAE Government through the support of the Ministry of Foreign Trade will continue to fully support initiatives that will nurture this crucial industry,” said H.E. Sheikha Lubna.
 
Highlighting the UAE's strengths as a preferred travel destination, H.E. Sheikha Lubna noted that the country has been ranked as the leading Arab tourism destination and is among the top 20 in the world out of 124 countries surveyed by the World Economic Forum's first annual Travel and Tourism Competitiveness Index. H.E. Sheikha Lubna also highlighted the AED 257 billion in investments being poured in hotel and related tourism and leisure facilities projects scattered all over the UAE.
 
The newly-formed Ministry of Foreign Trade headed by H.E. Sheikha Lubna aims to further enhance the UAE’s already strong regional and international commercial relations, particularly in growth industries such as travel and tourism. The trade is expected to generate AED 286.2 billion in revenues and contribute 6.4 per cent directly to the national GDP in 2008 and expand to AED 498.8 billion by 2018. With six world-class international airports, 15 marine ports and entry points on the Saudi Arabian and Omani borders, the UAE will continue to be an easily accessible and enjoyable destination for the global traveller.
 
 “The UAE's phenomenal growth serves as an excellent model for international organisations who aim to achieve the same levels of success. Our country shows how inspiring leadership, forward-thinking policies, a commitment to excellence and a unified vision can lead to significant and sustained prosperity,” H.E. Sheikha Lubna concluded.
 
GlobalStar Travel Management is a partnership of the world’s leading independent travel management firms and a key player in the thriving global travel and tourism industry. GlobalStar is organised into the four main regions of North America, Latin America, EMEA and Asia/Pacific, each supervised and managed by a highly experienced and competent board of directors. The EMEA Region is hosting this year’s 6th GlobalStar Annual Conference.