May 10, 2024
3 mins read

UN charts future of tourism investments in Middle East

The UN Tourism focuses on empowering women entrepreneurs and navigating tourism investments in the Middle East….reports Asian Lite News

UN Tourism made a resounding impact at the AIM Congress 2024 with two insightful side events, focusing on empowering women entrepreneurs and navigating tourism investments in the Middle East. The 2024 AIM Congress took place at ADNEC in Abu Dhabi from May 7-9, 2024, acting as a convergence point for global leaders, international organizations, entrepreneurs from around the world.

On May 8th, UN Tourism hosted a dynamic session centred on “Investing in Innovation and Enabling Women Entrepreneurs.” The event, spearheaded by Basmah Al-Mayman, Regional Director of the Middle East, UN Tourism, aimed to address the pressing need for support and funding for women-led startups in the tourism sector across the region.

The highlight of the session was the launch of the second edition of the Women in Tech Middle East startup competition, emphasizing sustainability and inclusive growth. The competition garnered significant interest, showcasing the region’s burgeoning entrepreneurial spirit among women.

Distinguished speakers, including Dawood Al Shezawi, President of AIM Global Foundation, and Natalia Bayona, Executive Director of UN Tourism, provided invaluable insights into fostering innovation and empowering women in the tourism sector. Panel discussions led by industry experts explored key challenges and opportunities, with a focus on bridging the gender gap and promoting sustainable practices.

Keynote speeches and panel sessions delved into the needs of women entrepreneurs, the role of public and private sectors in empowerment, and investment opportunities in sustainable tourism. The session also featured engaging pitching rounds, providing a platform for aspiring women entrepreneurs to showcase their innovative ideas.

Building on this momentum, UN Tourism continued its impactful presence on May 9th with a compelling discussion on “Quo Vadis Tourism Investments: The Middle East Chapter.” Esteemed panelists, including industry leaders and experts, shed light on the evolving landscape of tourism investments in the region.

Insights shared during the session underscored the Middle East’s growing prominence as a hub for tourism investments, with notable greenfield FDI projects totaling USD 6.8 billion. Speakers emphasized the region’s resilience and strategic vision in driving tourism growth, highlighting initiatives to promote sustainable investments and economic diversification.

Peter Janech, Coordinator of Innovation, Education, and Investments at UN Tourism, reiterated the organization’s commitment to fostering sustainable tourism practices and facilitating collaborative efforts for economic development. Alejandro Sabarich Scattaglia shared statistics showcasing the region’s robust FDI inflows and UAE’s emergence as a key investment destination.

Panelists provided valuable insights into exploring untapped destinations, promoting halal tourism, and leveraging technology to enhance visitor experiences. Discussions also centered on strategies to address challenges such as over-tourism and the importance of inclusive growth for local communities.

Lubna Bader Salim Al Mazroei, Manager of Economic Diversification Investments at Oman Investment Authority, highlighted Oman’s ambitious plans to attract investments worth 20 billion Omani riyals by 2040, emphasizing sustainable employment opportunities and support for SMEs.

As the AIM Congress 2024 draws to a close, UN Tourism reaffirms its commitment to driving inclusive and sustainable tourism growth in the Middle East and beyond. Through collaborative partnerships and innovative initiatives, UN Tourism continues to pave the way for a more resilient and equitable tourism sector.

AIM Congress 2024 hosted more than 150 high-level dignitaries, with 900+ speakers and over 12,000 participants from 175 countries around the world participating for three days from May 7-9 at ADNEC in Abu Dhabi. AIM Congress has also organized 27 joint events in cooperation with over 330+ local, international, and global partners.

Investment, trade partnerships

Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, engaged in high-level talks and panel discussions at the recently concluded AIM Congress, exploring strategic investment opportunities and fostering partnerships with global stakeholders.

Al Zeyoudi stressed the importance of strategic partnerships, future-focused policies and bold economic initiatives to deliver a sustainable and prosperous future, highlighting how that approach has established the UAE as “a beacon of stability, a hub for global investment and a catalyst for progress.”

He emphasised how the country’s attractive investment climate, supported by a favourable regulatory framework and a thriving business ecosystem, has made the UAE the third-largest destination for FDI in 2023, attracting $23 billion across 1,277 projects spanning a wide range of industries.

ALSO READ: UAE mourns death of Sheikh Hazza

Previous Story

UAE mourns death of Sheikh Hazza

Next Story

Houthis vow to widen attacks  

Latest from -Top News

Deadly Fever Grips Senegal

Currently, there is no vaccine or antiviral treatment approved for human use against RVF. Senegal is facing a growing public health emergency as the death toll from a Rift Valley Fever (RVF)

Protest Crackdown in Abidjan

The protest ban came just a day before the planned march, with the prefect of Abidjan declaring all gatherings illegal to “preserve public order” ahead of the polls. Authorities in Ivory Coast

Seychelles Chooses Herminie

Herminie’s win gives his United Seychelles party full control of government after it reclaimed a parliamentary majority during last month’s general elections. Seychelles’s opposition leader, Patrick Herminie, has emerged victorious in the

Fragile Peace Returns to Gaza

Carrying bags, blankets, and a few salvaged belongings, families walked through the dusty highway under the afternoon sun. Many pushed carts or led donkeys loaded with what was left of their possessions.

Egypt to Host Gaza Peace Talks

Cairo summit aims to end war and open a new chapter for regional stability. The summit will gather leaders and senior officials from more than 20 countries, including the United Kingdom, France,
Go toTop

Don't Miss

FAO lauds UAE’s pivotal role in enhancing food security

Al Jaf said that MoCCAE and Dubai Municipality are key

Dubai records 2021 best year for commodities

2021 saw Dubai Multi Commodities Centre achieve its best June,