Dubai enjoys a global profile as a major destination for both business and leisure, and today boasts some of the world’s leading offerings in hotels, conference centres, entertainment facilities and shopping malls. It has a beneficial location within close flying distance of some of the world’s most dynamic tourism source markets, and the...
Near-term sentiment is on the rise among Dubai’s business leaders, with the IMF forecasting a healthy GDP growth rate of 4.2% in 2019 for the emirate. While not as exposed as some of its regional neighbours to the effects of fluctuating commodities prices in recent times, Dubai nevertheless stands to benefit from the knock-on effects of higher prices over the last year.
Saudi Arabia is working to enhance its position as a key regional sporting and entertainment destination by hosting a series of high-profile events, part of a strategy designed to boost the leisure sector’s contribution to GDP.
Benefitting from a diverse portfolio of tourist draws including UNESCO World Heritage sites, the popular and growing annual Formula 1 Gulf Air Bahrain Grand Prix event, and a variety of high-end retail developments and hotels, Bahrain’s tourism sector has been a notable economic success story in recent years. Visitor numbers, revenues and...
Tourism’s GDP contribution is set to soar in the next few years, buoyed by billions of dollars of investment in new infrastructure. Big-ticket projects, including mixed-use real estate developments and a $1.1bn overhaul of the Bahrain International Airport (BIA), have driven investment levels to new highs in recent years. A new passenger...
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