- Landmark partnership between RAKTDA and RAK Center for Statistics and Studies will strengthen understanding of tourism’s contribution to the emirate’s economy
Ras Al Khaimah Tourism Development Authority (RAKTDA), which develops the emirate’s tourism infrastructure and initiates its domestic and overseas promotions, has partnered RAK Centre for Statistics & Studies to develop detailed analysis of the economic impact local, regional and international visitor arrivals play on the emirate’s gross domestic product (GDP).
The MoU between the two entities was signed by RAKTDA CEO, Haitham Mattar, and RAK Center for Statistics & Studies Executive Director, Ibrahim Akoum, at the Authority’s offices on Al Marjan Island.
The agreement will see the development of various studies and surveys to assist in stakeholder, investor and government engagement to facilitate further economic growth in the UAE’s most northern emirate.
Speaking at the signing ceremony, Mattar said: “This partnership will expand our official tourism-related data source and provide a clearer picture of the direct contribution tourism has on Ras Al Khaimah’s gross domestic product. Our goal through this partnership is to assess our current activity successes and look at areas of opportunity for ourselves, other stakeholders and potential investors.”
Akoum added, “As one of the primary entities supporting Ras Al Khaimah’s sustainable development and providing policy makers and investors with the official statistics and economic indicators needed for their decisions, we look forward to working with our colleagues at RAKTDA to further explore how increased tourism revenues will boost the emirate’s ongoing economic diversification.”
Under Mattar’s leadership, RAKTDA aims to attract one million visitors to Ras Al Khaimah in 2018 – up from 900,000 this year – with three million annual visitors targeted by 2025.