On World Tourism Day (September 27), Abu Dhabi Fund for Development (ADFD) highlights how investment in sustainable tourism can support economic diversification, strengthen local economies and create long-term value.

ADFD’s portfolio reflects this focus on the broader economic impact of tourism investment, with projects that connect hospitality and cultural assets with the infrastructure needed to support their surrounding destinations, an Emirates News Agency (WAM) report said. 

This includes the AED440 million ($119.8 million) investment in the Sofitel Legend Pyramids Giza project in Egypt, located near one of the country’s most significant cultural landmarks, as well as the development of an AED764.5 million tourism complex in Salalah, Oman, spanning 2.5 million sq m and incorporating hospitality facilities, a marina, coastal development, roads and public utilities.

In Morocco, support for the Asilah Museum has strengthened cultural infrastructure, helping preserve and showcase the city’s heritage while contributing to its tourism appeal and local economy.

Rashed Al Kaabi, Acting Deputy Director General and Executive Director of Investment Sector at ADFD, said: “Investment in tourism can create value across the wider economy, supporting diversification, attracting investment and generating opportunities for local communities. At ADFD, we look at projects through their broader economic impact, supporting the infrastructure and assets that can strengthen destinations and contribute to sustainable growth in our partner countries.”—TradeArabia News Service