The real estate, hospitality and tourism sectors in the UAE are awaiting the approach of Dubai Expo 2020, which will be a factor in attracting many investments and will revitalize the tourism sector in Dubai, as the emirate plans to attract 20 million visitors annually by 2020. As a result of the anticipation of such events, rates of foreign direct investment in the hospitality sector have risen, which has strengthened Dubai's competitive position achieved over the past years by placing itself on the list of the most prominent tourist destinations in the world.

David said.

David Grant Thompson, CEO of JA Resorts & Hotels, said that everyone is looking forward to Dubai Expo 2020 and the market is optimistic about the opportunities and growth the event will bring in the near future. In addition, the market is seeing a continued focus on the development of a strong tourism economy.

<Thompson emphasized that the UAE ranked 11th in AT Kearney's 2014 Global FDI Confidence Index, the Global Management Development Institute ranked the UAE 8th in global competitiveness, and the UAE government was recognized as the most efficient, decision-making and least bureaucratic government in the world. All these indicators leave no doubt that Dubai, which has made significant progress in implementing the vision of economic diversification in addition to achieving the core strengths of advanced infrastructure, attracting tourists, knowledge economy and ease of doing business for global investors, is capable of further attracting investment sectors in the Middle East to become one of the elite of the fastest growing global markets.