June 3, 2024
1 min read

Nearly 80% of tourism businesses were MSMEs: OIC chief

Taha stated that investing in infrastructure, cultural heritage, and entrepreneurship can boost MSMEs, creating jobs and fostering inclusive growth….reports Asian Lite News

 The Secretary-General of the Organisation of Islamic Cooperation (OIC), Hissein Brahim Taha, said that tourism stands as a powerful catalyst for economic growth, especially for micro, small, and medium-sized enterprises (MSMEs), which form the backbone of the OIC Member States.

He added that by investing in infrastructure, promoting cultural heritage, and facilitating entrepreneurial opportunities, the OIC Member States can unlock the potential of MSMEs to generate employment, spur innovation, and drive inclusive growth.

Addressing the 12th session of the Islamic Conference of Tourism Ministers of the OIC, (12th ICTM) in Khiva, Republic of Uzbekistan, on 2nd June 2024,Taha said that about 80% of tourism businesses were MSMEs, according to UN Tourism and women made up 54% of the tourism workforce before the pandemic. He stressed that tourism possesses the transformative ability to alleviate poverty by creating income-generating opportunities for local communities, particularly in rural and marginalized areas.

Furthermore, by promoting community-based tourism initiatives and empowering local stakeholders, the Secretary-General affirmed that the OIC can ensure that the benefits of tourism reach those who need it most, contributing to poverty eradication and sustainable development.

Minister of Ecology, Environmental Protection, and Climate Change of the Republic of Uzbekistan, Aziz Abdukhakimov, afirmed the desire of Uzbekistan to further enhance cooperation among OIC Member States in the domain of tourism, in particular after the recovery from Covid-19 pandemic.

ALSO READ: UAE, Qatar back Biden’s Gaza truce proposal

Previous Story

Israel accepts Biden’s Gaza plan  

Next Story

Over 100 celebrities tell Labour to halt Israel arms sale

Latest from -Top News

Trump Targets BRICS Allies with New Tariff

This move coincides with the ongoing BRICS summit being held in Rio de Janeiro, Brazil…reports Asian Lite News US President Donald Trump has announced that an additional 10 per cent tariff will

BRICS Endorses India’s Stand on Terror

The treaty proposed by India within the UN framework aims to provide a comprehensive legal basis for combating terrorism….reports Asian Lite News The leaders’ joint statement, issued after the 17th BRICS summit

BRICS Slams US Tariff Hikes

The leaders criticised developed nations for using environmental issues to justify trade restrictions on developing countries….reports Asian Lite News Rio de Janeiro, July 7 (IANS) Embroiled in a trade war launched by

US Tariffs Pushed to August Amid Talks

In April, Trump announced a base tariff of 10 per cent on most of America’s trading partners and thereafter additional duties ranging up to 50 per cent….reports Asian Lite News US President

Indonesia Joins BRICS Bloc

This year’s BRICS Summit saw an expanded format, reflecting the grouping’s growing relevance in international affairs….reports Asian Lite News Prime Minister Narendra Modi formally welcomed Indonesian President Prabowo Subianto into the BRICS
Go toTop

Don't Miss

OIC welcomes Saudi decision to hold Hajj this year

The Kingdom successfully managed the annual Hajj pilgrimage last year

Act before it’s too late: Imran

While addressing the extraordinary session of the Organisation of Islamic