In 2023 Dubai intends to give the sports sector a big boost as part of a 10-year strategy

UAE Minister of Economy Abdulla bin Touq Al Marri believes that investing in sports is an integral part of the global economy, being one of the main pillars of the country’s new economy.

The Chairman of the Dubai Sports Council, Sheikh Mansour bin Mohammed Al Maktoum, announced at a recent meeting that a number of initiatives will be launched in 2023 that will increase the efficiency of the sports sector and its contribution to the city’s GDP. These initiatives should strengthen Dubai’s status as a key venue for global sporting events, tournaments and training camps.

«The main objectives of the strategy include increasing the contribution of the sports sector to Dubai’s GDP from 2 to 4 percent per year, organizing 3,000 local, regional and international events and holding 1,000 international training camps. The strategy is also aimed at increasing the share of sports events held in partnership with the private sector to 90%,» said the Chairman of the Dubai Sports Council.

Sheikh Mansour also issued directives on the development of incentives for the development of sports and instructed to establish an award to reward schools that have taken measures to promote the health and well-being of students through sports.

It is likely that in the coming years the sports industry in the UAE will be one of the most developing and attractive for investors.