The government of Dubai is on track to create capacity for additional sovereign borrowing to finance World Expo 2020 projects, according to a report issued by BofA Merrill Lynch this week. “The bulk of the Expo 2020-related capex is set…
Day: April 28, 2014
Abu Dhabi hotel rates squeezed by competition, JLL reports
More than 3,000 extra hotel rooms are due to enter the Abu Dhabi market by the end of 2016, according to a new report by property consultants JLL. This will intensify pressure on room rates. According to the Abu Dhabi Tourism…
Saudi Arabia’s Prince Sultan bin Salman to receive AHIC 2014 leadership award
President and chairman of the board of the Saudi Commission for Tourism & Antiquities (SCTA) Prince Sultan bin Salman Al-Saud will receive the annual AHIC leadership award at Madinat Jumeirah on 4 May. The award is presented to individuals and…