The Hospitality business is gradually booming and is slowly becoming as one of the biggest contributors to the GDP of the UAE among the Non-Oil sectors. This is mostly due to the focus of the government in increasing the contribution in the GDP of the country from the non-oil sectors and also the rich heritage and culture of the country
Abu Dhabi is the capital of the UAE and is the largest emirate in the country. This emirate has slower growth in comparison to its neighbour Dubai, but this slower growth has helped Abu Dhabi to preserve its rich heritage and its culture. Due to the less bustle, Abu Dhabi is more suitable for travelling with the families. Abu Dhabi comprises a slew of business, entertainment and shopping activities and is ideal for both individuals who are here for tourism and for corporates which are here to set up a business.
Benefits for Hospitality Sector in Abu Dhabi
There are various opportunities which present itself to individuals and corporates as Abu Dhabi provides not only spacious and ready to use infrastructure for the corporates but also offer multiple shopping malls, hotels, spas and many other infrastructures so that the emirate, in general, is a lucrative option for everyone. The various reasons for setting up a hospitality-based company in Abu Dhabi are as follows:
1.Increase in the Footfalls
There has been an increase in the inflow of the number of tourist that are coming to the middle east. Most of the tourists are attracted towards Dubai, and this makes the Abu Dhabi a comparatively calm place. This does not mean that Abu Dhabi has less infrastructure and provides fewer services.
There also has been an increase in the inflow of tourists which come to the middle east due to medical reasons making Abu Dhabi a very important destination for medical tourism.
The favourable location of the United Arab Emirates is a very big factor in attracting tourists. As the UAE acts as a connecting link between the three continents of Europe, Asia and Africa, Abu Dhabi can easily access tourists from all three continents and also access the markets of the three continents.
Abu Dhabi is also housed one of the most important families' in the UAE, which is the Emiri Family.
3.One of the Safest Places
Abu Dhabi has a very rigid and strict system of customs and applies to everyone. The Abu Dhabi International Airport has many inspection and checks of the tourists. Due to these reasons, Abu Dhabi is considered one of the safest places in the world. The city has also surpassed global cities like Tokyo and Vienna and has been voted as the safest city in the world.
4.Easy Availability of Shopping Complexes, Hotels and Other Infrastructure
The middle east has some of the best infrastructures in the world. A tourist in Abu Dhabi can have easy access to shopping complexes, hotels, shopping malls, etc. All the necessary support can be needed by a tourist.
These buildings and infrastructures not only make life easy of the people living in the middle east but will also provide them with a refuge from the sun.
5.Increasing Number of Events
There are many conferences, and conventions held in Abu Dhabi. The city of Abu Dhabi is considered as one of the top locations for MICE tourism. MICE stands for Meetings, Incentives, Conferences and Exhibitions. The easy accessibility and the increasing demand for MICE all over the world are affecting this industry.
6.People with Different Heritage and Culture
As there are various opportunities present in the emirate, people from all over the country come and set up their business in the country. This move of the people will not only increase the employment generated in the country but will account for a more diverse population in the area.
7.The Focus of the Government
The government is trying hard to shift its focus from the hydrocarbon sector to the non-oil sector. Due to this long term vision of the government, many initiatives have been taken up by the government.
The Abu Dhabi Economic Vision 2030 is one of the steps taken up by the government which aims to create a positive influence on the visitors and tourists to the country.
8.World Expo 2020
The World Expo 2020 is a very major event that will be conducted by the neighbour of Abu Dhabi, Dubai. This expo will attract people from all walks of life and various countries. These tourists and visitors need to stay somewhere, and this will be a major period for tourism and the hospitality sector.
As Abu Dhabi is just two hours away by road, it will be the first choice of tourists after Dubai. Read how the World Expo will impact Abu Dhabi’s Economy.
Abu Dhabi is one of the biggest and fastest-growing economies in the world. The government of UAE wants to make this city at par with Dubai, and this is what acts as fuel resulting in the growth of Abu Dhabi.
If you require help in setting up a business in the Abu Dhabi area, Commitbiz can help you by providing various services such as company incorporation, VAT-related services etc. There is also a range of other services offered by Commitbiz. To know more, contact us – we’d be happy to help.