Author: OMN AI

Abu Dhabi is strengthening its tourism partnership with China through a new high-level visit involving leading travel industry executives. The initiative is part of the emirate’s long-term strategy to attract more Chinese visitors and expand its position as a leading global tourism destination. The Department of Culture and Tourism – Abu Dhabi worked with Etihad Airways and major tourism partners to host the strategic familiarisation visit. The programme welcomed senior executives from China’s travel industry, including representatives from travel agencies, tour operators, and distribution companies. The visit focused on building stronger business relationships, sharing market knowledge, and identifying new opportunities…

Construction projects across the UAE have continued without major delays despite a sharp rise in imported building material costs, according to a new report from Moody’s Ratings. The agency said developers have managed to keep work moving even as global supply chains faced pressure from regional tensions. The report found that imported construction material costs have increased by about 20 to 25 percent since disruptions began affecting shipping routes in the Gulf. Even with higher prices, most large projects have remained on schedule because developers prepared in advance and contractors absorbed much of the added cost. Regional conflict has disrupted…

Abu Dhabi-based investment company MGX has raised $49 billion for its artificial intelligence investment fund. The total is higher than its original goal of $45 billion. The achievement makes the fund one of the largest investment vehicles focused only on artificial intelligence. The new fund shows how quickly global competition in artificial intelligence is growing. Countries, investors, and technology companies are increasing spending to secure leadership in AI, advanced chips, and digital infrastructure. MGX plans to use the money to support companies and projects that help build the future of AI. The company said the fund will invest across several…

Abu Dhabi is entering a new stage of construction growth. A new report shows the sector is moving beyond large building volumes. It is now focusing on high-value projects, advanced technology, and better project delivery. The change is helping the emirate strengthen its role in the regional and global construction market. The report was released by the Abu Dhabi Chamber of Commerce and Industry. It explains that the construction industry is becoming more modern and efficient. Businesses are using new systems that improve quality, speed, and long-term performance. This shift matches global trends as countries invest in smarter and more…

The Abu Dhabi Coral Project has reached another major milestone after adding more than 302,000 new coral colonies since the beginning of 2026. The latest achievement brings the total number of restored coral colonies to about 1.8 million since the programme was launched. The Environment Agency – Abu Dhabi said the project continues to expand as part of a long-term plan to restore marine ecosystems and improve biodiversity across the emirate’s coastal waters. Along with growing new coral colonies, the programme has installed more than 12,700 artificial reef modules. These specially designed structures provide stable surfaces where corals can grow…

Construction has officially begun on Dar al Funoon Abu Dhabi, a major new performing arts venue that is expected to become one of the region’s leading cultural destinations. The landmark project will rise on Saadiyat Island and is scheduled to open its doors in 2030. The new venue has been commissioned by the Department of Culture and Tourism in Abu Dhabi as part of the emirate’s long-term plan to strengthen its cultural sector. Once complete, it will host performances and events throughout the year while attracting artists and audiences from around the world. Dar al Funoon Abu Dhabi was designed…

Air Arabia Abu Dhabi has announced the launch of direct flights to Aleppo, expanding its growing network in Syria. The new route will begin on July 7, 2026, and will connect Abu Dhabi with one of Syria’s largest cities through three weekly non-stop flights. The new service will operate between Zayed International Airport in Abu Dhabi and Aleppo International Airport. The airline said the route will provide passengers with a simple and affordable way to travel between the United Arab Emirates and Syria. The launch comes as demand for travel between the two countries continues to increase. The airline expects…

The UAE reached a major transport milestone on June 30 as the country’s first passenger train completed its historic journey to Abu Dhabi. The new rail service marks the beginning of a new era in public transport. It is expected to make travel faster, easier, and more comfortable for millions of people across the nation. Passengers celebrated the landmark moment as the train arrived in Abu Dhabi after leaving Fujairah earlier in the day. Many travelers described the experience as the start of a new chapter for the country. They said the railway will change how people travel between cities…

Dubai is strengthening its position as one of the world’s leading sports business hubs through major investments in infrastructure, tourism, and international sporting events. The emirate is using sport as a key driver of economic growth while expanding its role in global investment, innovation, and entertainment. The government’s long-term vision is outlined in the Dubai Sports Sector Strategic Plan 2033, which aims to significantly increase the contribution of sport to the local economy. Officials expect the sports sector to contribute Dh18.3 billion to gross domestic product by 2033, up from the current Dh10.17 billion. The target represents growth of nearly…

Abu Dhabi’s sovereign wealth fund Mubadala Capital has made a $1.1 billion bid to acquire French leisure company Pierre & Vacances-Center Parcs, a move that could strengthen its presence in the global tourism and hospitality industry. The proposed offer values the European vacation operator at up to €1 billion, or about $1.1 billion. Pierre & Vacances’ board has unanimously welcomed the proposal, with the formal tender offer expected during the first quarter of 2027. If completed, the company will be delisted from the French Euronext stock exchange. Mubadala Capital manages approximately $430 billion in assets across more than 50 countries.…