Sheikh Saud at the inaugural World Travel & Tourism Council Leaders Forum 2019.
PHOTO BY SUPPLIED
RAS AL KHAIMAH – His Highness Sheikh Saud bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al Khaimah, on Wednesday (October 2) revealed what Ras Al Khaimah is doing to boost its economy.
“We want to create an emirate that is thriving sustainably, both economically and socially, for the benefit not just of all those who live here, but for the entire UAE,” Sheikh Saud said as he opened the inaugural edition of the World Travel & Tourism Council (WTTC) Middle East & North Africa Leaders Forum 2019.
Sheikh Saud highlighted tourism’s pivotal role in the sustainable development and growth of the emirate’s economy.
“In order to create sustainable development here in Ras Al Khaimah, we have been busy trying to build one of the most diverse economies in the region,” he said.
“Currently, no single sector of Ras Al Khaimah’s economy makes up more than 30 percent of GDP. And in terms of tourism, we’ve witnessed huge growth – tripling our visitor numbers from under 400,000 to over 1 million in just 7 years,” said Sheikh Saud.
Raki Philips, the Chief Executive Officer of Ras Al Khaimah Development Authority, said tourism is one of the key drivers of Ras Al Khaimah’s continued growth in GDP and employment.
“Guided by our Destination Strategy 2019-2021, we remain focused on diversifying the Emirate’s tourism offering; attracting foreign and local investment within the tourism sector; nurturing home-grown small and medium enterprises to create further employment and business opportunities for Emiratis while prioritizing sustainable nature-based adventure and authentic cultural experiences,” Philips said.
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