Business

Abu Dhabi is Creating 178k Jobs by 2030

DALL·E 2024 06 21 09.08.07 A realistic image showcasing the economic impact of Abu Dhabis tourism strategy. Show a bustling cityscape with new hotels attractions and public t

Abu Dhabi is embarking on a transformative journey to bolster its economy through a comprehensive tourism strategy aimed at creating 178,000 new jobs by 2030. This ambitious plan focuses on sustainable growth, enhanced visitor experiences, and the diversification of the emirate’s tourism offerings. By positioning itself as a premier global destination, Abu Dhabi seeks to attract millions of tourists annually, thereby driving economic growth and job creation. Abu Dhabi is Creating 178k Jobs by 2030 and this is their roadmap.

Key Objectives of Abu Dhabi’s Tourism Strategy

**1. Sustainable Growth

Sustainability is at the heart of Abu Dhabi’s tourism strategy. The emirate is committed to developing eco-friendly tourism initiatives that minimize environmental impact while promoting conservation and cultural heritage. Projects include the development of sustainable hotels, eco-tourism experiences, and green transportation options.

**2. Enhanced Visitor Experiences

To enhance the overall visitor experience, Abu Dhabi is investing in world-class infrastructure, state-of-the-art attractions, and comprehensive service improvements. The goal is to offer tourists a seamless and memorable experience, from arrival to departure.

**3. Cultural and Heritage Tourism

Abu Dhabi is rich in cultural heritage, and the tourism strategy aims to leverage this by promoting cultural and heritage tourism. Key initiatives include the preservation and promotion of historical sites, the development of cultural festivals, and the expansion of museums and cultural institutions.

Major Projects and Developments

**1. Saadiyat Island

Saadiyat Island is a cornerstone of Abu Dhabi’s tourism strategy. The island is home to several cultural landmarks, including the Louvre Abu Dhabi and the upcoming Guggenheim Abu Dhabi. These institutions are designed to attract art and culture enthusiasts from around the world.

**2. Yas Island Expansion

Yas Island, known for its entertainment attractions like Ferrari World, Yas Waterworld, and Warner Bros. World, is undergoing significant expansion. New developments include additional hotels, luxury resorts, and entertainment venues aimed at enhancing the island’s appeal to families and thrill-seekers.

**3. Desert and Wildlife Experiences

Abu Dhabi’s vast deserts and unique wildlife offer unparalleled opportunities for eco-tourism. The strategy includes the development of desert resorts, wildlife sanctuaries, and adventure tourism activities that allow visitors to experience the natural beauty of the emirate.

Economic Impact

The tourism strategy is expected to have a profound economic impact on Abu Dhabi, contributing significantly to GDP growth and job creation. By 2030, the tourism sector is projected to support over 178,000 jobs, spanning various industries including hospitality, transportation, retail, and entertainment.

**1. Job Creation

The creation of 178,000 new jobs will be driven by the expansion of existing attractions, the development of new projects, and the growth of the tourism sector as a whole. These jobs will range from direct employment in hotels and resorts to indirect roles in supporting industries.

**2. GDP Contribution

Tourism is expected to become a major pillar of Abu Dhabi’s economy, contributing significantly to GDP. The diversification of the tourism sector will reduce reliance on oil revenues and promote sustainable economic growth.

Challenges and Solutions

While the strategy is ambitious, it also faces several challenges, including global economic fluctuations, competition from other tourist destinations, and the need for continuous innovation to meet evolving tourist expectations.

**1. Infrastructure Development

To accommodate the expected influx of tourists, Abu Dhabi is investing heavily in infrastructure development. This includes expanding the airport, improving public transportation, and developing new hospitality and entertainment facilities.

**2. Marketing and Promotion

Effective marketing and promotion are crucial for attracting tourists. Abu Dhabi is leveraging digital marketing, international partnerships, and global events to showcase its attractions and position itself as a top-tier tourist destination.

Testimonials and Expert Insights

Mohamed Khalifa Al Mubarak, Chairman of the Department of Culture and Tourism – Abu Dhabi, stated, “Our comprehensive tourism strategy aims to position Abu Dhabi as a global destination of choice. By focusing on sustainability, cultural heritage, and enhanced visitor experiences, we are committed to driving economic growth and job creation.”

Noura Al Kaabi, UAE Minister of Culture and Knowledge Development, added, “The preservation and promotion of our cultural heritage are integral to our tourism strategy. We are dedicated to offering unique cultural experiences that celebrate our rich history and traditions.”

For more insights into Abu Dhabi’s ambitious tourism strategy and its impact on the region, visit What’s Hot in UAE.

Related Topics:2024 Abu Dhabi Business uae

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Musk Tower Dubai: A New Landmark Set to Propel Crypto and Decentralised Innovation

Dubai’s skyline is about to welcome a groundbreaking new landmark, the Musk Tower, an ambitious initiative spearheaded by the MuskIt team. This cutting-edge facility, envisioned as a global innovation and crypto hub, represents the UAE’s commitment to leading the future of decentralised technology, renewable energy, and blockchain innovation. As a centrepiece of the Musk Institute, Musk Tower Dubai is poised to redefine Dubai’s role in the global digital economy, bridging culture, finance, and technology like never before.

Here’s everything you need to know about this revolutionary new addition to Dubai’s skyline and its wider implications for the UAE’s rapidly evolving digital landscape.

Errol Musk is behind the new project in Dubai

1. Musk Tower: The New Icon of Decentralisation in Dubai

Set to rise prominently in Dubai, Musk Tower is more than just another skyscraper—it’s a beacon for technological advancement, decentralised finance (DeFi), and blockchain integration. Built by the renowned UAE-based Al Khaili Group in collaboration with entrepreneur and innovator Errol Musk, the tower will house the Musk Institute, acting as a nexus for global talent, groundbreaking research, and international collaboration.

Errol Musk, founder of the Musk Institute, passionately describes this project as “not just about technology but about creating cultural movements and empowering future generations.” The tower is designed to facilitate cooperation between top global innovators, providing state-of-the-art facilities where ideas in renewable energy, blockchain technology, and decentralisation can flourish.

2. MuskIt Token: Powering Innovation at Musk Tower

Central to the Musk Tower ecosystem is the MuskIt Token, designed to bridge the gap between traditional finance and digital asset investment. It serves multiple roles:

Exclusive Membership and VIP Privileges:
Token holders will enjoy priority access to events, VIP services, and exclusive research initiatives held within the Musk Institute and Musk Tower.

Investment Opportunities and Networking Access:
Token holders gain early investment access to projects incubated at Musk Tower, including emerging startups in blockchain, renewable energy, and innovative tech.
Decentralised Finance (DeFi) Integration:
The MuskIt Token provides practical applications in DeFi, positioning itself as both a meme asset for broader appeal and a tangible utility token offering privileged membership access and financial opportunities.

3. A Hub for Global Collaboration and Cultural Movements

Errol Musk, founder of the Musk Institute, highlights that Musk Tower’s purpose surpasses technology alone. He emphasised, “This endeavour transcends mere technological advancement—it is about nurturing cultural movements, empowering young innovators, and fostering global collaboration.” The vision resonates deeply within Dubai, a city known globally for its open-minded approach to innovation and entrepreneurship.

Musk Tower intends to facilitate interactions among global tech leaders, entrepreneurs, and researchers, making Dubai the go-to destination for blockchain enthusiasts and technology pioneers worldwide.

MuskIt partner and visionary entrepreneur Mubarak Al Khaili echoed these sentiments, stating, “This project isn’t simply about erecting another building; it’s about creating the foundation for a future defined by innovation, culture, and decentralised financial empowerment.”

4. Exclusive Membership and Investment Opportunities at Musk Tower

Being a MuskIt Token holder goes beyond financial investment—it grants access to exclusive privileges within the Musk Tower’s ecosystem:

VIP Access: Entry into exclusive areas of Musk Tower, special events, and private networking sessions with global tech leaders and influential figures.
Early Investment Opportunities: First-hand exposure to innovative projects developed within Musk Tower’s crypto innovation incubator, allowing token holders to engage in seed-level investments.
Research & Educational Programs: Participation in cutting-edge research initiatives hosted by the Musk Institute, promoting sustainable energy and blockchain innovation.

5. UAE’s Strategic Role in Decentralised Growth & Global Leadership

Dubai’s strategic position at the intersection of finance and innovation makes it ideal for Musk Tower’s ambitious plans. The UAE government’s supportive regulatory framework for blockchain and crypto assets further solidifies Dubai’s attractiveness for such pioneering projects.

The Musk Tower initiative positions Dubai as a central hub for crypto innovation, attracting investment, fostering technological talent, and cultivating strategic partnerships worldwide. This move mirrors the UAE’s wider vision to diversify its economy beyond oil and traditional investments, embracing a future powered by decentralisation, sustainability, and financial innovation.

6. Navigating the Future: Musk Tower’s Broader Impact on Global Crypto Growth

Musk Tower symbolises a critical turning point in the acceptance of crypto and blockchain technologies in mainstream finance and culture. Its establishment will likely trigger a wave of similar developments, significantly influencing the UAE’s economic landscape and international reputation as a technology-forward nation.

With the construction of Musk Tower, Dubai reinforces its role as a global leader, not just in traditional finance, but in shaping the future of decentralisation.

The Muskit Token will be working with Musk Tower Dubai — The Muskit Token

Final Thoughts: Musk Tower—Dubai’s New Landmark of Innovation

The announcement of Musk Tower and the associated MuskIt Token is more than a mere real estate or tech story—it represents Dubai’s ambitions to lead a global shift towards decentralised technology and innovation. As the UAE solidifies its position on the world stage as a leader in blockchain, crypto, and renewable technologies, Musk Tower becomes more than a physical structure; it symbolises a powerful movement towards the future of decentralised growth and technological advancement.

Dubai isn’t just building a new skyscraper—it’s constructing the future.

Read more in our online magazine:
https://whatshotinuae.com

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Google CEO Sundar Pichai, Alibaba’s Jack Ma to Speak at World Government Summit 2025

The World Government Summit (WGS) 2025 is set to take place in Dubai from February 11 to 13, bringing together a powerhouse lineup of global leaders, innovators, and policymakers. This year’s edition will host over 200 speakers, including some of the biggest names in technology, business, and government to discuss the future of governance, innovation, and international cooperation.

Tech Titans and Business Moguls Headline WGS 2025

Among the most anticipated speakers at WGS 2025 is Sundar Pichai, the CEO of Alphabet (Google’s parent company). Pichai is expected to discuss the role of AI, digital transformation, and the impact of emerging technologies on governance and global economies. Given Google’s leadership in AI development—especially with projects like Gemini AI and DeepMind—his insights will be highly anticipated.

Also joining the stage is Jack Ma, the co-founder and former chairman of Alibaba Group. Known for revolutionizing e-commerce in China and globally, Ma’s return to a major international forum marks an important moment, as he has kept a relatively low profile in recent years. His speech will likely cover the evolution of digital economies, the future of global trade, and the role of AI in business and governance.

Another notable name is David Baszucki, the CEO of Roblox, the gaming and metaverse giant. With the metaverse continuing to shape digital interactions and online economies, Baszucki’s insights will provide valuable perspectives on how governments can adapt to and regulate virtual economies.

Jack Ma will be at the World Government Summit 2025

World Leaders to Discuss Global Governance and Collaboration

Beyond tech and business, several world leaders will take the stage at WGS 2025 to discuss collaboration between governments, economic policies, and global development strategies. Attending dignitaries include:

Prabowo Subianto, President of Indonesia

Anura Kumara Dissanayake, President of Sri Lanka
Ahmad Al-Abdullah Al-Sabah, Prime Minister of Kuwait

With geopolitical tensions and economic uncertainties at the forefront of global discussions, these leaders will focus on diplomatic relations, economic growth, and digital transformation strategies in governance.

Theme of WGS 2025: “Shaping Future Governments”

The 2025 World Government Summit is themed “Shaping Future Governments,” reinforcing its mission to foster international cooperation, identify innovative solutions, and empower the next generation of government leaders.

Discussions will focus on:

✅ Artificial Intelligence in Governance 🤖📊
✅ Digital Economies & E-Commerce 💻📈
✅ Climate Change & Sustainability 🌍🌱
✅ The Role of Emerging Tech in Government Efficiency 🚀🔍
✅ International Collaboration & Policy Innovations 🤝🏛️

With Dubai positioned as a global leader in smart governance and innovation, WGS 2025 will set new benchmarks in global policymaking and digital transformation.

World Government Summit features speakers at the highest levels

Why This Year’s Summit Matters

The World Government Summit has long been a key forum for forward-thinking discussions on global challenges and technological advancements. With some of the biggest tech leaders, policymakers, and business pioneers coming together, WGS 2025 will drive crucial conversations on the future of AI, digital governance, and international cooperation.

Will AI reshape policymaking? Will the metaverse redefine governance? What does the future of e-commerce look like? These are just some of the questions that will be tackled at WGS 2025.

Stay tuned as Dubai once again becomes the global hub for shaping the future of governance and technology.

Abu Dhabi’s Space42 Secures Dh18.7 Billion Deal With UAE Government for Critical Space Services

Business

Abu Dhabi’s Space42 Secures Dh18.7 Billion Deal With UAE Government for Critical Space Services

Abu Dhabi-based AI-powered space technology company, Space42, has signed a landmark Dh18.7 billion ($5.1 billion) agreement with the UAE Government to provide secure satellite communication services until 2043. The 17-year contract, set to commence in 2026, highlights the UAE’s growing leadership in space technology and reinforces Space42’s financial strength.

Long-Term Revenue and Advanced Services

The contract significantly strengthens Space42’s financial position, forming a large part of its Dh26 billion backlog of contracted revenues, which represents approximately 10 times its last-12-month revenues as of September 30, 2024. This ensures a clear, long-term cash flow outlook through 2043.

Under the new agreement, Space42 will continue providing secure satellite capacity and managed services via its Al Yah 1 and Al Yah 2 satellites already in orbit. These will be supplemented by two new cutting-edge satellites, Al Yah 4 and Al Yah 5, expected to launch in 2027 and 2028, respectively.

The deal consolidates Space42’s operations by replacing two existing agreements—the Capacity Services Agreement and Managed Services Mandate—both set to expire in late 2026. Additionally, the new contract integrates operations, maintenance, and advanced technology management for ground segment systems and terminals, currently covered under separate agreements.

Dh3.7 Billion Advanced Payments for New Satellites

Space42 will receive Dh3.7 billion in advance payments to fund the construction of Al Yah 4 and Al Yah 5 satellites. These advanced satellites will deliver secure and reliable communication capabilities across the Middle East, Africa, Europe, and Asia, addressing evolving governmental requirements with greater efficiency and security.

Ali Al Hashemi, CEO of Yahsat Space Services, Space42, emphasised the contract’s significance, stating:

“The Al Yah 4 and Al Yah 5 satellites will offer new capabilities to advance our technology and service offerings, enabling us to continue providing our innovative SpaceTech solutions that meet the UAE Government’s evolving requirements more efficiently, securely, and reliably.”

Cutting-Edge Technology and Launch Partners

Space42 has partnered with Airbus to construct the satellites, leveraging the Airbus Eurostar Neo platform, known for deploying flexible multiband payloads in orbit. To ensure a reliable launch, SpaceX has been selected to deliver the satellites into orbit using its trusted Falcon 9 rocket.

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The total cost for the development of Al Yah 4 and Al Yah 5, including the spacecraft, ground infrastructure, launch, and insurance, is estimated at Dh3.9 billion.

Strategic Communication Capabilities

Once operational, the new satellites will play a pivotal role in enhancing secure governmental communications and boosting the UAE’s regional and global connectivity. This project aligns with the country’s continued investment in space innovation, cementing its position as a leader in the evolving SpaceTech sector.

With this monumental contract, Space42 is poised to set new standards for secure communication technology, further advancing the UAE’s ambitious space programme.