Investment in the UAE’s tourism sector is accelerating as entrepreneurs increasingly tap into a robust ecosystem backed by government funding, infrastructure development, and strong global demand, reinforcing tourism’s growing role in economic diversification and job creation.
Tourism has emerged as a key contributor to the national economy, supported by policies that encourage private investment and empower start-ups across hospitality, travel, and specialised tourism segments. Government-backed funds and programmes have become central to this strategy, offering financing, advisory services, training, and access to procurement opportunities.
Over the past two decades, dozens of national initiatives have been launched to stimulate entrepreneurship, with tourism identified as a priority sector. These efforts have helped build SME capabilities, promote innovation and digital transformation, and attract Emirati talent into the industry.
The impact of these initiatives was highlighted by the “World’s Coolest Winter” campaign, themed “Our Winter is Entrepreneurial,” which underscores tourism’s importance during the peak winter season and the role of national funds in driving investment.
Established in 2007, the Khalifa Fund for Enterprise Development has supported more than 1,200 companies with over AED1.4 billion in funding, creating over 15,000 jobs nationwide. Its programmes offer start-up and expansion financing across sectors including tourism, with flexible repayment terms and extensive training support.
Dubai’s Mohammed bin Rashid Establishment for SME Development continues to expand its reach, aiming to support 27,000 Emirati businesses by 2033. In Sharjah, RUWAD has financed over 100 projects while delivering training and advisory services through traditional and digital platforms.
Complementing these efforts, Emirates Development Bank has provided AED30 billion in financing since 2015 and recently introduced new digital tools and funding packages to further accelerate SME and start-up growth across the UAE.
News Source: Emirates News Agency
