UAE authorities have issued a new gold bond to lure tourists back to the country.
The new bond, which can be used at all government-owned hotels and resorts, will be available for purchase online.
The offer, which was made on Monday, comes after the UAE government issued a similar bond in May.
It was intended to encourage the UAE to continue tourism as the economy continues to recover.
Dubai Governor Sheikh Mohammed bin Rashid Al Maktoum told reporters that he is now confident that the bond will attract more foreign investors, and encourage people to return.
“We need to attract more tourists and we need to convince them to stay in the UAE and make it their first visit to our country,” said Al Maktioum.
The UAE Tourism Authority said in a statement that the bonds will be redeemable for hotel rooms, car rentals and other services.
“Tourists are the ones who pay for the upkeep of the hotels and hotels are the one who pays for the maintenance of the resorts,” the statement said.
“Therefore, we have to make them pay for this upkeep, which will be in the form of a bond.”
Dubai was a major source of investment for China when it emerged from the Great Recession and opened the country’s first tourism hubs in the early 1990s.