Dubai’s Roads &Transport Authority (RTA) today announced it has approved the award of the contract for the second phase of the Dubai Water Canal project including bridges across the canal on Al Wasl and Jumeirah roads. The AED 384m ($100m) contract has been won by China State Corporation.…
Tag: Dubai
Deloitte and STR Global report Saudi Arabians are top visitors to Dubai
A total of 1.4m Saudi Arabians visited Dubai in 2013 and the kingdom was the leading source of tourists for the emirate in the year, according to the the first Middle East Hotel Market report by Deloitte and STR Global.…
AHIC told hotels exploring F&B contracting out
Hotel brands are increasingly open to the idea of contracting out restaurant management and food and beverage services to specialised service providers, the 10th annual Arabian Hotel Investment Conference (AHIC) at Dubai’s Madinat Jumeirah was told this morning. “Using third-party food and…
Khalaf Al Habtoor tells AHIC financing Dubai’s projects not an issue; foresees high growth for 15 years
Chairman of Dubai’s Al Habtoor Group Khalaf Al Habtoor told the Arabian Hotel Investment Conference (AHIC) in Dubai’s Madinat Jumeirah today that he did not expect there will be problems in finding the finance Dubai needs for projects to be…
AHIC told boutique, lifestyle and 2-4 star hotels are opportunities in GCC
Lifestyle, boutique and two-four star hotels are areas of opportunity in the GCC hospitality industry, Roya International Group chief executive Ahmed Ramadan told the 10th Arabian Hotel Investment Conference (AHIC) this afternoon. “The greatest potential is in two-three star hotels,”…
AHIC told GCC mega-events should be symbols of future change
World Expo 2020 and the FIFA World Cup in Qatar in 2020 should become inspiring symbols of positive future change in the GCC, the 10th annual Arabian Hotel Investment Conference (AHIC) was told this afternoon. “This part of the world is…
Emirates NBD economist tells AHIC the UAE, Saudi Arabia and Oman are key ME tourism markets
Emirates NBD MENA research head Khatija Haque told the Arabian Hotel Investment Conference today that the UAE, Saudi Arabia and Oman offer the substantial potential for rapid tourism and hospitality industry growth. “For a country looking for job creation, tourism…
AHIC 2014 gets off to a strong start with heavy attendance at networking roundtables
AHIC 2014 gets off to a strong start with heavy attendance at networking roundtables More than 200 delegates at the 10th Arabian Hotel Investment Conference (AHIC) attended the initial roundtable networking event during the conference’s opening session this morning at…
Up to 600 expected to attend 10th AHIC today
Up to 600 delegates, guests and speakers are expected at the opening session of the 10th annual Arabian Hotel Investment Conference (AHIC) which begins in Dubai’s Madinat Jumeirah today. Features of AHIC’s first day will include: • The presentation of…
BofA Merrill Lynch says Dubai could have capacity to borrow for Expo 2020
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…