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UAE tourism to hit $78bn in 2008

The UAE's hotel and tourism sector is expected to generate Dhs286.2bn ($78bn) in revenues and contribute 6.4% directly to the national GDP in 2008, Shaikha Lubna Al Qasimi, Minister of Foreign Trade, said on Monday. The UAE is now ranked as the leading Arab tourism destination and is among the top 20 in the world out of 124 countries surveyed by the World Economic Forum. The sector is expected to expand to Dhs498.8bn by 2018, reported Gulf News.