#Department of Economy and Tourism
The MoU strengthens VARA’s aim to achieve full transparency and market conduct adherence across virtual asset service providers licenced to operate in Dubai
The Dubai Sustainable Tourism Stamp by DET to showcase the hotel’s adherence to sustainable practices and environmental stewardship
The digital partnership will work to accelerate growth across the tourism ecosystem
The event, held at the Dubai World Trade Centre, highlighted the crucial role assigned to the city’s tourism sector in driving the success of the Dubai Economic Agenda, D33
The US, India, the UK, France and Switzerland emerged as the leading foreign direct investors in Dubai’s cultural and creative industries in FDI projects
According to the latest DET data, Dubai recorded an increase of over 30 per cent in new business licenses issued during Q1 2023 compared to the same period in 2022
Those interested in working and living in Dubai can access the hub for local long-term listings and information on entry requirements and visa policy
Dubai witnessed FDI inflows of Dhs13.72bn in H1 2022, reflecting a growth of 14.6 per cent compared to the same period last year
Dubai tourist numbers closed in on pre-pandemic levels with a growth of more than 183 per cent year-on-year in H1 2022, according to data from DET
Around 55 per cent of the new business licenses issued in Dubai during H1 2022 were professional and 45 per cent were commercial
Dubai’s tourism sector attracted Dhs6.4bn in FDI across 30 FDI projects in 2021
Fifty-seven per cent of the new business licences issued were under the professional category and 43 per cent were commercial
The figure marks a 69 per cent increase over the same period in 2020 when 32,626 licenses were issued