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    Pacts worth over OMR 33 million signed to establish agricultural, fisheries projects

    Pacts worth over OMR 33 million signed to establish agricultural, fisheries projects

    Egypt’s food industries contribute 24.5% of GDP

    Egypt’s food industries contribute 24.5% of GDP

    $36mln contract for construction of Duqm fisheries complex

    $36mln contract for construction of Duqm fisheries complex

    Ministry signs agreement to support Oman’s honey industry

    Ministry signs agreement to support Oman’s honey industry

    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

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      Aramco, DHL to build procurement and logistics hub for the energy sector

      Aramco, DHL to build procurement and logistics hub for the energy sector

      Second runway of Muscat airport to be ready this year

      Second runway of Muscat airport to be ready this year

      UAE-Oman rail network expected to bring about new era of collaboration and growth

      UAE-Oman rail network expected to bring about new era of collaboration and growth

      Saudi Arabia issues 124 licenses to industrial units in different sectors in January

      Saudi Arabia issues 124 licenses to industrial units in different sectors in January

      Qatar’s economic growth is strong: ICAEW

      Qatar’s economic growth is strong: ICAEW

      Egypt’s food industries contribute 24.5% of GDP

      Egypt’s food industries contribute 24.5% of GDP

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      • CES 2017
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      Saudi Arabia real estate: PIF-backed firm signs largest deal valued at $1.5bn

      Saudi Arabia real estate: PIF-backed firm signs largest deal valued at $1.5bn

      Construction works of Egypt’s first eco-sustainable industrial complex kick off

      Construction works of Egypt’s first eco-sustainable industrial complex kick off

      Oman Construction Equipment Industry to 2028

      Oman Construction Equipment Industry to 2028

      $36mln contract for construction of Duqm fisheries complex

      $36mln contract for construction of Duqm fisheries complex

      What will Qatar do with its World Cup infrastructure after FIFA 2022 ends?

      What will Qatar do with its World Cup infrastructure after FIFA 2022 ends?

      Madayn working on major Oman industrial city projects

      Madayn working on major Oman industrial city projects

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        Oman signs $20bn hydrogen deals

        Oman signs $20bn hydrogen deals

        Suez Canal expects US$3.5 billion in revenues in H1

        Suez Canal expects US$3.5 billion in revenues in H1

        UAE and Egypt’s consortium to buy African renewables firm Lekela Power

        UAE and Egypt’s consortium to buy African renewables firm Lekela Power

        Fitch revises Saudi Aramco’s outlook to positive from stable

        Fitch revises Saudi Aramco’s outlook to positive from stable

        Investments in renewables in Egypt reach LE6 bn: Official

        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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        • Hospitality
          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

          Qatar’s hospitality sector peaks despite turbulent 2020

          Qatar’s hospitality sector peaks despite turbulent 2020

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

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

          Staycations to stimulate Qatar’s hospitality sector

          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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        • Agrofood
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          • Agriculture
          • Environment
          • Food
          Pacts worth over OMR 33 million signed to establish agricultural, fisheries projects

          Pacts worth over OMR 33 million signed to establish agricultural, fisheries projects

          Egypt’s food industries contribute 24.5% of GDP

          Egypt’s food industries contribute 24.5% of GDP

          $36mln contract for construction of Duqm fisheries complex

          $36mln contract for construction of Duqm fisheries complex

          Ministry signs agreement to support Oman’s honey industry

          Ministry signs agreement to support Oman’s honey industry

          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

          Trending Tags

          • Business & Economy
            • All
            • Business
            • Economy
            • Finance
            • Industry
            • Technology
            • Trade
            • Transport & Logistics
            Aramco, DHL to build procurement and logistics hub for the energy sector

            Aramco, DHL to build procurement and logistics hub for the energy sector

            Second runway of Muscat airport to be ready this year

            Second runway of Muscat airport to be ready this year

            UAE-Oman rail network expected to bring about new era of collaboration and growth

            UAE-Oman rail network expected to bring about new era of collaboration and growth

            Saudi Arabia issues 124 licenses to industrial units in different sectors in January

            Saudi Arabia issues 124 licenses to industrial units in different sectors in January

            Qatar’s economic growth is strong: ICAEW

            Qatar’s economic growth is strong: ICAEW

            Egypt’s food industries contribute 24.5% of GDP

            Egypt’s food industries contribute 24.5% of GDP

            Trending Tags

            • CES 2017
            • Election Results
            • eSports
          • Construction
            • All
            • Infrastructure
            • Real Estate
            Saudi Arabia real estate: PIF-backed firm signs largest deal valued at $1.5bn

            Saudi Arabia real estate: PIF-backed firm signs largest deal valued at $1.5bn

            Construction works of Egypt’s first eco-sustainable industrial complex kick off

            Construction works of Egypt’s first eco-sustainable industrial complex kick off

            Oman Construction Equipment Industry to 2028

            Oman Construction Equipment Industry to 2028

            $36mln contract for construction of Duqm fisheries complex

            $36mln contract for construction of Duqm fisheries complex

            What will Qatar do with its World Cup infrastructure after FIFA 2022 ends?

            What will Qatar do with its World Cup infrastructure after FIFA 2022 ends?

            Madayn working on major Oman industrial city projects

            Madayn working on major Oman industrial city projects

            Trending Tags

            • Energy
              • All
              • Oil & Gas
              • Power & Electricity
              • Renewable Energy
              Oman signs $20bn hydrogen deals

              Oman signs $20bn hydrogen deals

              Suez Canal expects US$3.5 billion in revenues in H1

              Suez Canal expects US$3.5 billion in revenues in H1

              UAE and Egypt’s consortium to buy African renewables firm Lekela Power

              UAE and Egypt’s consortium to buy African renewables firm Lekela Power

              Fitch revises Saudi Aramco’s outlook to positive from stable

              Fitch revises Saudi Aramco’s outlook to positive from stable

              Investments in renewables in Egypt reach LE6 bn: Official

              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

              Trending Tags

              • Hospitality
                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

                Qatar’s hospitality sector peaks despite turbulent 2020

                Qatar’s hospitality sector peaks despite turbulent 2020

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

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

                Staycations to stimulate Qatar’s hospitality sector

                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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              Al Marjan Island highlights investment opportunities

              TradeArabia News Service

              March 6, 2018
              in Hospitality, Real Estate
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              Al Marjan Island, a world-class luxury resort destination in Ras Al Khaimah, is showcasing investment opportunities within the flagship development and in the emirate at the International Hotel Investment Forum in Berlin, Germany.

              Al Marjan Island, a patron of the event, will highlight the remarkable evolution of the master-planned destination that will feature beachside resorts, branded and non-branded residences and leisure attractions.

              The development pipeline and the long-term expansion plans for the destination will also be presented to underline the investment opportunities offered for the hotel industry within the development.

              This further builds on the record growth in tourist arrivals to Ras Al Khaimah in 2017, with the number of tourists going up 19 percent over 2016. According to the Ras Al Khaimah Tourism Development Authority, Germany, Russia, the UK, and India were the top international source markets. Hotel occupancy also recorded growth to 73.6 percent with the average length of stay increasing by 2.71 percent to 3.41 days.

              At Al Marjan Island, international investors can purchase land plots with development rights. The infrastructure for the land is already developed under a plug-and-play model. Most of the plots are designated for residential units, boutique hotels, resort hotels, community facilities and retail.

              Eng. Abdullah Al Abdooli, CEO of Al Marjan Island, said: “One of the increasingly sought-after hospitality destinations in the UAE, Al Marjan Island is a vibrant tourism and lifestyle development that offers tremendous value for investors. Through our participation at the International Hotel Investment Forum in Berlin, we are putting the spotlight on the high-value investment opportunities for European and international investors within Al Marjan Island and in Ras Al Khaimah. They will be part of one of the fastest-growing tourist and hospitality hubs in the Middle East region as Ras Al Khaimah consistently records growth in tourism and hotel performance.”

              With its distinctive positioning as an attractive beach resorts destination, Al Marjan Island complements the focus of the Ras Al Khaimah government to establish the emirate as one of the fast-growing business and leisure hubs in the region. With one of the largest economic zones housing more than 13,000 companies, Ras Al Khaimah offers investors 100 percent ownership and zero income tax.

              Ras Al Khaimah is making significant gains in tourism with its extensive coastline, golden sand beaches, natural mangroves, the UAE’s tallest mountain which is home to the longest zip line in the world, and a rich cultural heritage highlighted by the archaeological findings. According to the Ras Al Khaimah Tourism Development Authority, tourist arrivals are set to grow from 1 million this year to over 2.9 million annually by 2025, driving the demand for hotels and resorts.

              With a GDP growth of 4.5 percent in 2016, higher than the national average, Ras Al Khaimah’s hospitality sector has recorded sustained growth. From 2009 to 2016, room nights demand for five-star hotels increased by a CAGR of 13.83 percent while room night supply grew 11.59 percent.

              Significantly, Al Marjan Island is regarded as the project of choice for property investors and developers who are seeking exceptional residential and leisure amenities. With the impressive growth in the number of tourist arrivals as well as Ras Al Khaimah’s emphasis on promoting industrial diversification, the emirate is an ideal fit for European investors.

              An additional 15,000 hotel units are required in the next seven years to serve the growth in tourist arrivals, with the sector set to record a growth of 23 percent per annum. About 7,000 new hotel rooms are set to be added, mostly in the five-star beach resort category, in the next three years (by 2021), with nearly 71 percent to be delivered on Al Marjan Island. Underlining the robust performance of hotels, RevPAR figures have increased by over 5 percent in the last three years.

              Only 15 minutes from the Ras Al Khaimah International Airport and 45 minutes from the Dubai International Airport, Al Marjan Island comprises four islands – Breeze, Treasure, Dream and View. The entire development is served by a well-integrated road network that connects to all key cities of the UAE,

              With 7.8 kilometres of pristine beaches, 23 kilometres of waterfront, 6,500 planned residential units, 8,000 planned hotel rooms, 400-room wellness retreats and 600 holiday villas, Al Marjan Island has an evolved hospitality sector already with Breeze Island being home to Rixos, DoubleTree by Hilton and Bab Al Bahr – exceptional hotels -that offer the perfect harmony of luxury and nature.

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