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Retirement Visas May Boost Tourism in GCC

expat life in Dubai
Written by publishing team

It is estimated that there are currently more than 35 million migrant workers in the GCC and there could be a large percentage of the white collar community, who may want to retire in the GCC, even if it is only for a short time.

Providing qualified expatriate workers with residency visas to stay beyond their working lives and introducing a series of other new visa options will be key to tourism and enhance attractions, activities and entertainment venues.

“With the means and time at their fingertips, it would be natural, not only for these retirees to travel, but also to welcome family and friends. Airlines, hotels, destinations and other entertainment venues benefit from this additional revenue stream that would ordinarily have been lost, had retirees returned. to their countries of origin. Danielle Curtis, Middle East Exhibition Director, Arabian Travel Market. This will be one of the topics that will be covered at the Arabian Travel Market (ATM), 2022, which will be held from May 8-11.

She added, “In addition, it is no coincidence that two of the largest nutritious markets in Dubai in 2019, India with 2 million visitors and the United Kingdom, with 1.2 million visitors, had communities in the UAE, 2.6 million and 120,000 respectively.”

Discovering this potential, Dubai Tourism in cooperation with the General Directorate of Residency and Foreigners Affairs (GDRFA-Dubai) has already launched an initiative called ‘Retirement in Dubai’, the first of its kind in the region, a framework with a certain minimum. Financial requirements, Dubai residents who are nearing retirement age can apply for a five-year, renewable retirement visa.

If this initiative succeeds, it is likely that other GCC countries will follow suit at some point. Retired expats will undoubtedly contribute significantly to the tourism sector, welcome family and friends and continue to enjoy the high-quality lifestyle they are accustomed to.”

Worth $254 billion globally in 2019, the tours, activities, and attractions segment of travel and tourism is not only the third largest segment of travel; It is for this reason that many people travel in the first place. Providing such a catalyst would be events and attractions, such as Expo 2020, the 2022 FIFA World Cup in Qatar, and Ain Dubai, as well as upcoming tourist attractions in Saudi Arabia and the natural beauty of Oman.

Now at 29y The year and in collaboration with the Dubai World Trade Center (DWTC) and Dubai Department of Tourism and Commerce Marketing (DTCM), the highlights in 2022 will include, among others, summits of destinations focusing on the key markets of Saudi Arabia, Russia, China and India.

Travel Forward, the leading global travel technology event highlighting the latest next generation travel and hospitality technologies, ATM buyer forums and speed networking events.

ATM 2022 will also host dedicated summits on the global stage, covering aviation, hotel, sports tourism, retail tourism and a special seminar for hospitality investment. The Global Business Travel Association (GBTA), the premier global organization for business travel and meeting trade, will once again participate in the ATM. GBTA will provide the latest business travel content, research and education to drive recovery and support growth in business travel. In cooperation with “Arival the in-destination voice,” ATM will hold a half-day conference on May 8, or the first day of ATM.

ATM will play an integral role in Arabian Travel Week, a festival of events dedicated to travel professionals from around the world, to collaborate and shape the recovery of the Middle East travel industry, through exhibitions, conferences, breakfast sessions, awards, product launches and networking events.

After 2021, ATM Virtual will take place again during Arabian Travel Week to complement the live ATM show. With an extensive and high-level program of webinars and a full schedule of video meetings available for exhibitors with major buyers around the world.

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