The total number of visitors to Dubai in the first nine months of 2013 was 7.9m, and the emirate has set itself a target of reaching 20m visitors per year by 2020. The emirate received a major boost towards achieving this goal when its bid to host World Expo 2020 was accepted in November 2013. Of the anticipated 25m World Expo visitors between October 2020 and April 2021, it is forecast that...
The Middle East Tourism
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The sultanate’s economy continues to enjoy the benefits of petroleum wealth, which has provided budget surpluses in most years and served as a backbone for growth. However, planning is well under way for an era in which oil will not be the main economic driver, with the twin goals of diversification and creating an increased number of private sector jobs at the top of the government’s current agenda.
Articles & Analysis | Going to plan: Authorities target new markets and train a domestic workforce from The Report: Oman 2014
As it moves to meet its Vision 2020 goals, the government’s strategy for tourism is critical. Objectives include drawing 12m visitors a year by 2020, and the sultanate’s eighth five-year plan, running from 2011 to 2015, highlights specific investment targets, diversification and development strategies, and marketing campaigns to help the...
Articles & Analysis | Cruising along: A new strategy looks to expand calls at port from The Report: Oman 2014
As it works to diversify Oman’s tourism industry, the government has identified cruise tourism as potentially lucrative and capable of sustained growth. The sultanate’s 3000-km coastline, strategically located ports and visually striking geography render it well poised to capture this growing market. Port Qaboos in Muscat is already benefitting...
Articles & Analysis | A diverse destination: Increased government investment and rising visitor numbers boost the industry from The Report: Oman 2014
In a country the size of Poland, Oman’s rugged, varied and dispersed terrain has historically constituted a challenge to development. For the tourism industry, though, such dramatic scenery has proven to be a strategic advantage, especially as other GCC countries develop their own potential for tourism. Although its neighbours can lay claim to...
Though the global financial crisis and delays in hotel construction and infrastructure upgrades have hampered growth, the government and private sector are ramping up promotional activities, hospitality projects and other investments within the industry to meet new demand. Macroeconomic indicators show that the sultanate is on track for continuous, sustainable growth in both its business and...