Abu Dhabi cuts fees to boost tourism, hospitality sectors

The Louvre Abu Dhabi Museum has been dubbed the ‘jewel in the crown’ of the emirate’s tourism push. (Shutterstock)
Updated 13 March 2019

Abu Dhabi cuts fees to boost tourism, hospitality sectors

  • The capital of the United Arab Emirates is investing billions of dollars in industry, infrastructure and tourism to diversify its economy away from oil
  • ‘The tourism sector is a key alternative to oil,’ said Saif Saeed Ghobash, undersecretary of Abu Dhabi’s tourism department

ABU DHABI: Abu Dhabi has reduced tourism-related fees to help the ailing hospitality sector and attract more visitors as the oil-rich emirate looks to diversify its economy.
The Department of Culture & Tourism (DCT) said on Tuesday it has reduced tourism fees from 6 to 3.5 percent, municipal fees from 4 to 2 percent and municipality hotel room fees per night from 15 dirhams ($4) to 10 dirhams.
The capital of the United Arab Emirates is investing billions of dollars in industry, infrastructure and tourism to diversify its economy away from oil.
Abu Dhabi is home to the Formula One Etihad Airways Abu Dhabi Grand Prix, the Louvre Abu Dhabi, the Warner Bros. world-themed indoor park and other attractions.
Two more museums, the Guggenheim and the Zayed National Museum, are being built.
Neighboring Dubai welcomed a record 15.9 million tourists last year compared with Abu Dhabi’s 10 million hotel guests in 2018.
The move to reduce the fees came on the back of a study on Abu Dhabi’s hotels conducted by the DCT.
“The tourism sector is a key alternative to oil,” said Saif Saeed Ghobash, undersecretary of DCT. “It is necessary to support this sector as it experiences difficulties to allow it to contribute to the achievement of future goals.”
The financial impact of the reduction in fees would be 1 billion dirhams over the next three years, he said.
DCT also plans to spend 500 million dirhams over the next three years toward marketing the emirate and attract tourists, as part of the Abu Dhabi government’s accelerators program called Ghadan 21.


OPEC+ emergency meeting likely to be postponed to April 8 or 9

Updated 04 April 2020

OPEC+ emergency meeting likely to be postponed to April 8 or 9

  • The postponement allows for more time for negotiations among oil producers

OPEC and its allies will not hold their emergency virtual meeting on Monday and will likely postpone it until April 8 or 9 to allow more time for negotiations among oil producers on crude supply cuts, two OPEC sources said on Saturday.