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    Saudi Arabia’s agricultural GDP grew 38% to $26.6bn in 2022

    Saudi Arabia’s agricultural GDP grew 38% to $26.6bn in 2022

    Arab states imported 1.73 million agricultural commodities from Egypt

    Arab states imported 1.73 million agricultural commodities from Egypt

    Wheat yield boom boosts Oman’s food security

    Wheat yield boom boosts Oman’s food security

    Saudi Arabia seeks $20 bln investment in food industry, aims to double exports

    Saudi Arabia seeks $20 bln investment in food industry, aims to double exports

    Saudi Arabia’s ambitions for food production advancement supported by ICRISAT-FAO partnership

    Saudi Arabia’s ambitions for food production advancement supported by ICRISAT-FAO partnership

    Egypt’s agriculture exports rise 17.2 percent in 5 months

    Egypt’s agriculture exports rise 17.2 percent in 5 months

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    • Business & Economy
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      Saudi: 53 new industrial licenses issued in April 2023

      Saudi: 53 new industrial licenses issued in April 2023

      Qatar’s non-oil sector maintains growth as PMI hits 53.8 in June

      Qatar’s non-oil sector maintains growth as PMI hits 53.8 in June

      Saudi transport authority approves 15 licensing, technical guides for railways

      Saudi transport authority approves 15 licensing, technical guides for railways

      Number of industrial decisions up by 10.56% to 356 in 2021

      Number of industrial decisions up by 10.56% to 356 in 2021

      Egypt’s macroeconomic conditions improving, says minister

      Egypt’s macroeconomic conditions improving, says minister

      Number of BIA passengers up by 26.90% annually YTD APRIL 2023

      Number of BIA passengers up by 26.90% annually YTD APRIL 2023

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      • CES 2017
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      Oman’s health ministry expected to award construction contract for two health centres in Q3

      Oman’s health ministry expected to award construction contract for two health centres in Q3

      Properties sold in May 2023 jump 114.6%, says Qatar’s PSA

      Properties sold in May 2023 jump 114.6%, says Qatar’s PSA

      Oman releases more Sultan Haitham City details

      Oman releases more Sultan Haitham City details

      Construction activity in Saudi Arabia reaches highest level in years: Survey

      Construction activity in Saudi Arabia reaches highest level in years: Survey

      Oman gears up for its first smart city

      Oman gears up for its first smart city

      Saudi real estate ‘booming’ on big office space demand

      Saudi real estate ‘booming’ on big office space demand

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        NEOM’s green hydrogen project is formally under execution: ACWA Power

        NEOM’s green hydrogen project is formally under execution: ACWA Power

        Ministry of Petroleum announces $9B investment towards oil refining and petrochemical projects

        Ministry of Petroleum announces $9B investment towards oil refining and petrochemical projects

        Oman’s huge renewable hydrogen potential can bring multiple benefits in its journey to net zero emissions

        Oman’s huge renewable hydrogen potential can bring multiple benefits in its journey to net zero emissions

        UN-HABITAT partners with LCEC, expanding efforts to provide responsible renewable energy solutions in Lebanon

        UN-HABITAT partners with LCEC, expanding efforts to provide responsible renewable energy solutions in Lebanon

        Clean energy technology manufacturing market to reach $790bln by 2030: IEA

        Clean energy technology manufacturing market to reach $790bln by 2030: IEA

        Total-led consortium to start drilling offshore Lebanon in September

        Total-led consortium to start drilling offshore Lebanon in September

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        • Hospitality
          Qatar: Over 700 hotel keys added in Q1

          Qatar: Over 700 hotel keys added in Q1

          Jordan’s tourism income surges 88% as visitors flock to the country

          Jordan’s tourism income surges 88% as visitors flock to the country

          Dubai’s hotel stock hits 150,000 keys as tourist influx from India, Russia, Oman buoys hospitality sector

          Dubai’s hotel stock hits 150,000 keys as tourist influx from India, Russia, Oman buoys hospitality sector

          Leisure sector in Qatar stronger after World Cup 2022

          Leisure sector in Qatar stronger after World Cup 2022

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

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

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

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

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        • Agrofood
          • All
          • Agriculture
          • Environment
          • Food
          Saudi Arabia’s agricultural GDP grew 38% to $26.6bn in 2022

          Saudi Arabia’s agricultural GDP grew 38% to $26.6bn in 2022

          Arab states imported 1.73 million agricultural commodities from Egypt

          Arab states imported 1.73 million agricultural commodities from Egypt

          Wheat yield boom boosts Oman’s food security

          Wheat yield boom boosts Oman’s food security

          Saudi Arabia seeks $20 bln investment in food industry, aims to double exports

          Saudi Arabia seeks $20 bln investment in food industry, aims to double exports

          Saudi Arabia’s ambitions for food production advancement supported by ICRISAT-FAO partnership

          Saudi Arabia’s ambitions for food production advancement supported by ICRISAT-FAO partnership

          Egypt’s agriculture exports rise 17.2 percent in 5 months

          Egypt’s agriculture exports rise 17.2 percent in 5 months

          Trending Tags

          • Business & Economy
            • All
            • Business
            • Economy
            • Finance
            • Industry
            • Technology
            • Trade
            • Transport & Logistics
            Saudi: 53 new industrial licenses issued in April 2023

            Saudi: 53 new industrial licenses issued in April 2023

            Qatar’s non-oil sector maintains growth as PMI hits 53.8 in June

            Qatar’s non-oil sector maintains growth as PMI hits 53.8 in June

            Saudi transport authority approves 15 licensing, technical guides for railways

            Saudi transport authority approves 15 licensing, technical guides for railways

            Number of industrial decisions up by 10.56% to 356 in 2021

            Number of industrial decisions up by 10.56% to 356 in 2021

            Egypt’s macroeconomic conditions improving, says minister

            Egypt’s macroeconomic conditions improving, says minister

            Number of BIA passengers up by 26.90% annually YTD APRIL 2023

            Number of BIA passengers up by 26.90% annually YTD APRIL 2023

            Trending Tags

            • CES 2017
            • Election Results
            • eSports
          • Construction
            • All
            • Infrastructure
            • Real Estate
            Oman’s health ministry expected to award construction contract for two health centres in Q3

            Oman’s health ministry expected to award construction contract for two health centres in Q3

            Properties sold in May 2023 jump 114.6%, says Qatar’s PSA

            Properties sold in May 2023 jump 114.6%, says Qatar’s PSA

            Oman releases more Sultan Haitham City details

            Oman releases more Sultan Haitham City details

            Construction activity in Saudi Arabia reaches highest level in years: Survey

            Construction activity in Saudi Arabia reaches highest level in years: Survey

            Oman gears up for its first smart city

            Oman gears up for its first smart city

            Saudi real estate ‘booming’ on big office space demand

            Saudi real estate ‘booming’ on big office space demand

            Trending Tags

            • Energy
              • All
              • Oil & Gas
              • Power & Electricity
              • Renewable Energy
              NEOM’s green hydrogen project is formally under execution: ACWA Power

              NEOM’s green hydrogen project is formally under execution: ACWA Power

              Ministry of Petroleum announces $9B investment towards oil refining and petrochemical projects

              Ministry of Petroleum announces $9B investment towards oil refining and petrochemical projects

              Oman’s huge renewable hydrogen potential can bring multiple benefits in its journey to net zero emissions

              Oman’s huge renewable hydrogen potential can bring multiple benefits in its journey to net zero emissions

              UN-HABITAT partners with LCEC, expanding efforts to provide responsible renewable energy solutions in Lebanon

              UN-HABITAT partners with LCEC, expanding efforts to provide responsible renewable energy solutions in Lebanon

              Clean energy technology manufacturing market to reach $790bln by 2030: IEA

              Clean energy technology manufacturing market to reach $790bln by 2030: IEA

              Total-led consortium to start drilling offshore Lebanon in September

              Total-led consortium to start drilling offshore Lebanon in September

              Trending Tags

              • Hospitality
                Qatar: Over 700 hotel keys added in Q1

                Qatar: Over 700 hotel keys added in Q1

                Jordan’s tourism income surges 88% as visitors flock to the country

                Jordan’s tourism income surges 88% as visitors flock to the country

                Dubai’s hotel stock hits 150,000 keys as tourist influx from India, Russia, Oman buoys hospitality sector

                Dubai’s hotel stock hits 150,000 keys as tourist influx from India, Russia, Oman buoys hospitality sector

                Leisure sector in Qatar stronger after World Cup 2022

                Leisure sector in Qatar stronger after World Cup 2022

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

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

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

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

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              IFP Info - News
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              Iran prepares for an uptick in tourism

              Nasdaq

              October 6, 2016
              in Hospitality
              0
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              A handful of mostly European hotel groups are looking to steal a march on their U.S. competitors by moving into the Iranian hospitality market while U.S. companies still face regulatory uncertainty.

              Most international sanctions related to Iran's nuclear program were lifted at the start of this year. That sparked widespread interest among international companies in entering a country of 80 million that remained isolated for decades.

              Representatives of rapidly expanding U.S. companies such as Hilton Worldwide Holdings Inc., Marriott International Inc. and Choice Hotels International either declined to comment or said they are staying on the sidelines for now.

              "We have been carefully watching the status of USA sanctions, the regulatory changes to those sanctions and we are evaluating the opportunities as a result of those changes," said Alex Kyriakidis, president and managing director, Marriott International Middle East and Africa.

              Meanwhile, other companies are wasting no time. Abu Dhabi-based-Rotana Hotel Management Corp. PJSC, France's Accor, Spain's Meliá Hotels International and Germany'sSteigenberger Hotel Group are all moving quickly in anticipation of a tourism and business boom.

              Iran's economy is the second largest in the Middle East behind Saudi Arabia.

              "Everybody is waiting for the international changes to come into effect — we are moving forward," said Guy Hutchinson, the chief operating officer of Rotana. "We are going full steam ahead," he said.

              Rotana, which operates out of more than two dozen cities in emerging and often complicated markets such as Iraq and Sudan, has four properties under construction in Iran, the first one of which, a five-star hotel with 362 rooms, will open next year in the holy city of Mashhad.

              Rotana can draw from its experience in other holy cities such as Mecca and Karbala in Iraq, where targeting pilgrims as a major source of demand involves unique challenges, Mr. Hutchinson said. For example, more flexible check- in and checkout times might be needed to take into account the prayer times, he said.

              "If you talk to U.S. companies, they don't necessarily have the same understanding in markets like this, virgin markets where there are specific challenges on how you operate," said Mr. Hutchinson.

              Frankfurt-based Steigenberger recently signed a letter of intent to open 10 hotels in Iran, while Meliá has a five-star property in the works on the shores of the Caspian Sea. Part of their optimism is fueled by Iran's ambition to increase the number of visitors to 20 million by 2025 from around five million in 2015.

              Since the 1979 Islamic Revolution, Iran's hotel sector has been a local affair marked by the absence of international brands. Visitors to Tehran, whether for leisure or business, lament the lack of top-end hotels.

              "There's not enough room for business travelers in Tehran," said Maryam Kiaie, the international business development director for Rah Shahr, a major Iranian infrastructure firm. "We have business delegations postponing trips because of it."

              Ms. Kiaie estimates that Tehran needs 5,000 more high-grade hotel rooms. Hotels may be attractive for investors because they are easier to buy and upgrade than other property types.

              "I think it's a very safe sector to invest in," Ms. Kiaie said. "It's easier to get finance to build hotels, and there are many local investors who are interested in coming into a joint venture with foreign investors. It's a good opportunity for hotel brands."

              A few of Tehran's hotels market themselves as four- or five-star hotels but analysts say most of these wouldn't receive the same classification by international standards. Room rates at the two Accor branches in Tehran range between $100 and $140 per night.

              "Iran has some huge potential for growth because there is a lack in hotels both qualitatively and quantitatively," said Christophe Landais, chief operating officer at Accor Hotels Iran. Paris-based Accor in the past year opened two properties, under the Ibis and Novotel brand, next to Tehran's international airport. It is working on about 10 additional projects that will be located in Tehran and Mashhad.

              Since opening its doors in Iran, Mr. Landais said the most positive feedback from clients he has received focused on Accor's offering of free Wi-Fi and up to 40 international channels in the bedrooms — standard offerings in the West but more rare in existing Iranian hotels.

              But being an early entrant to Iran's hotel market also brought its challenges, in particular the relative inexperience of local investors with international hotel practices, Mr. Landais said.

              "It's an advantage (of being first) but the other side of the medal of us pioneering, paving the way is that it's very hard," he said. "We spend a lot of time explaining how hospitality development works."

              Mr. Hutchinson likened the present Iran situation to China before it became an economic powerhouse.

              "It may take a little while until it fully opens and starts to move, but when it starts (it will go quickly)," he said.

              There is also a risk of Iran's leadership abandoning its current policies that enabled the country to rejoin the international business community in the first place.

              "Right now, there is a progressive push from the leadership," Mr. Hutchinson said. "If that shifted for any reason, that could close up things completely."
              Nasdaq
              5 September

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