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    Local, Italian companies partner up to establish food retail chain in Egypt

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    Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

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    Azerbaijan, Iraq discuss prospects of relations

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    Oman inks pack to bolster role of SMEs in food systems

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          Local, Italian companies partner up to establish food retail chain in Egypt

          Local, Italian companies partner up to establish food retail chain in Egypt

          Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

          Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

          Azerbaijan, Iraq discuss prospects of relations

          Azerbaijan, Iraq discuss prospects of relations

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            Egypt’s Trade minister, Hungarian ambassador discuss economic relations

            Turkey eyes $5bn bilateral trade with Qatar

            Turkey eyes $5bn bilateral trade with Qatar

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            Iraq set to award new Faw Port deals

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            Deal signed to set-up first factory in Qatar to assemble electric vehicles

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            Local, Italian companies partner up to establish food retail chain in Egypt

            Local, Italian companies partner up to establish food retail chain in Egypt

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            Foundation stone laid for new 700-bed hospital is Salalah, Oman

            Foundation stone laid for new 700-bed hospital is Salalah, Oman

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            Iraq set to award new Faw Port deals

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            Egypt implements 164 service and development projects at LE4.8 billion in North Sinai

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            Miral’s premier Abu Dhabi waterfront project work on track

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            Aecom wins Neom utilities infrastructure design contract

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              Investments in renewables in Egypt reach LE6 bn: Official

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

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              JGC lands $3.7bn Iraq refinery upgradation project deal

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              Tadweer opens phase 2 of solar power plant at Al Dhafra

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              France to help Iraq generate electricity, will invest in education, science: Macron

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              Acwa Power inks finance deals for 900MW Dubai solar park

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                Coronavirus: UAE conducting human trials for Covid-19 vaccine

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                Egyptian COVID-19 drug to be on market in two weeks: Health Ministry

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                UAE launches phase III trial of inactivated Covid vaccine

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                COVID-19 vaccine could be available by autumn: Oxford University

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                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

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                Saudi to be among world’s big leisure tourism hubs by 2030

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                Qatar’s hospitality sector peaks despite turbulent 2020

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                Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

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                Staycations to stimulate Qatar’s hospitality sector

                Quarantine rule to give a boost to Qatar’s hospitality industry in Q3: CWQ report

                Quarantine rule to give a boost to Qatar’s hospitality industry in Q3: CWQ report

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              15 hotels worth $10 billion to open in Bahrain by 2020

              Bahrain News Agency

              April 26, 2017
              in Hospitality
              0
              According to figures released in the latest Bahrain Economic Quarterly (BEQ) by the Bahrain Economic Development Board (EDB), the Kingdom’s hotel and restaurant sector witnessed robust growth at a rate of 3%. 
               
              This was underpinned by plans to establish 15 new five- and four-star hotels and beachfront resorts, with a collective investment value of more than $10 billion over the next five years.
               
              The list includes world-renowned hotel brands including: The One&Only Resort, Wyndham Grand Hotel, Fairmont, Vida Hotel & Resort, The Address Hotel & Resort, Ibis Hotel and Pullman Hotel. These hotels will add to the Kingdom’s existing portfolio of over 190 hotels and resorts. This includes 18 five star hotels, 48 four-star hotels, 35 three star hotels, 81 serviced apartments and 11 resorts. These hotels currently offer a capacity of more than 16,500 rooms, with big names such as the recently opened Four Seasons Hotel Bahrain Bay, ART Rotana Amwaj Islands Hotel & Resort, Downtown Rotana, the Westin and Le Meridian Hotel Bahrain City Centre. 
               
              In order to continue to attract new visitors and support demand, Bahrain unveiled its brand-new tourism identity: ‘Ours. Yours. Bahrain’ as part of Bahrain Tourism and Exhibitions Authority (BTEA)'s commitment towards reinvigorating the Kingdom’s tourism industry. The campaign’s strategic and infrastructural initiatives aim to increase this amount to $1 billion by 2020, effectively doubling tourism’s contribution to Bahrain’s GDP from 3.6% to 6.6%. 
               
              BTEA also established six international offices to help drive development and raise awareness of Bahrain’s tourism in key global markets such as: UK, France, India, Germany and Russia.
               
              Stressing the importance of the Kingdom's developments in the tourism and hospitality sectors, Khalid Al Rumaihi, Chief Executive at the Bahrain EDB commented: "These future investments in the hospitality sector will bring several new international hotel chains to the Kingdom and raise the profile of existing ones. It is expected to increase hotel capacity by around 4,000 hotel rooms in the country by 2020 and fill the gaps in the market, especially in the mid-market and luxury sector – for example, in the development of all-inclusive premium resorts.
               
              "These new developments will both help to meet rising demand and attract new visitors to the Kingdom. Bahrain showed strong growth in tourist numbers in 2016, witnessing a 6% increase in the number of tourist arrivals, receiving 12.2 million. Bahrain is a regional hub for tourism, with over 300 million people within two hours flight, of which the majority are regional visitors travelling from within the Gulf Cooperation Council (GCC) States."
               
              The tourism sector is an essential pillar of the Kingdom’s economy. Bahrain views the sector as a key area of growth, and has been focusing its efforts towards its development alongside financial services, manufacturing, ICT, transportation and logistics. 
               
              As a result of strong fundamentals and new investment the sector is expected to continue to grow. In 2015, the tourism sector accounted for 6% of the total GDP and contributed revenues of $1.9 billion to the Kingdom’s economy. The Kingdom’s tourism market is expected to grow at a CAGR of 4.8%, reaching $1 billion by 2020. In 2014, Bahrain’s tourism sector was the highest direct contributor to GDP of any economy in the Gulf.
               
              The Kingdom has a strong pipeline of infrastructure projects worth over $32 billion, some directly supporting the tourism sector. They include a second causeway linking Bahrain and Saudi Arabia which will connect the two countries by road and by the proposed GCC rail network, in addition to the $1.1 billion Bahrain International Airport (BIA) modernisation programme, which on completion will increase the airport’s capacity by 65% to receive up to 14 million passengers per year.
               
              Alongside the expansion and modernisation of Bahrain International Airport, Gulf Air – Bahrain’s national carrier – announced on the side-lines of the 2016 Bahrain International Airshow that it will expand its aircraft fleet with an order valued at $7.6 billion consisting of 16 Boeing 787-9 Dreamliner, 17 Airbus A321neo and 12 Airbus 
               
              Bahrain News Agency
              April 26
               
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