Despite some recent turbulence, Turkey has strong fundamentals that underscore its potential for long-term economic growth. With a young population of 77.7m, a strategic location within four hours’ flying time of 1.5bn consumers and a diversified economy, the country has much to offer investors.
The last decade has seen a rapid expansion in the number of hotels and other tourism facilities in Qatar, as the state has invested in transforming the country into a luxury, sports and business destination. While in 2014 the majority of tourists visited the country for business purposes, the Qatar National Tourism Sector Strategy 2030 aims to reverse this trend, with hopes that by 2030, 64%...
The past decade has seen significant sums invested in developing tourist facilities and infrastructure in the emirate, and the sector has been earmarked as key in supporting economic diversification in line with Abu Dhabi Economic Vision 2030. The strategy appears to be paying off, with around 3.5m guests staying in Abu Dhabi in 2014, up 25% on the previous year. The emirate aims to continue...
Hydrocarbons revenues still form the bulk of Abu Dhabi’s GDP and while falling prices are a concern, the emirate has been moving steadily towards its economic diversification targets in line with Abu Dhabi Economic Vision 2030. The past 10 years has seen the non-oil sector expand strongly on the back of business-friendly government policies, as a result of which non-oil sector growth now outpaces that of the oil sector.
Dubai’s tourism offering has continued to expand in recent years, and with the emirate consistently rising to meet new challenges and break new records, this trend looks set to continue. Visitor numbers have increased every year since 2003, resulting in a CAGR of 8.3% for 2003-13. Investment into the sector is rising quickly as well: 6.2% of total investment in the UAE during 2013 was directed...
In many respects 2014 marked the transition from strong recovery to promising growth for Dubai. With many exciting projects in the pipeline, not least the hosting of Expo 2020, the emirate is continuing to build on its reputation as a dynamic and international centre for business.
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