Abu Dhabi is looking to diversify its economy and invest revenues reaped by the rise in oil prices, to develop the tourism sector. Being well positioned as a stopping point on the air route between Europe and Asia, the Emirates has a huge potential of being recognized as a business and leisure hub. Given the government’s level of commitment in the leisure sector in both Abu Dhabi and Dubai, the fundamentals for the leisure sector in the UAE are quite strong. The leisure sector is poised to grow exponentially along with the tourism and hospitality sectors not only in Abu Dhabi but also in all the high growth markets that Bloom is considering. At Bloom, we believe that leisure activities and outlets especially in the sports and entertainment fields are key elements for successful, attractive and self sufficient communities.
