The collapse in oil prices has weighed on the Algerian economy, giving rise to twin deficits in the budget and current account. In mid-2016 the government introduced a bold medium-term plan that targets a balanced budget by 2020, alongside a new growth model with a strategy for economic development and diversification by 2030. These moves have coincided with the private sector playing a much stronger role in the economy.
What potential does the tourism sector have to make a greater contribution to the economy?
Under pressure from reduced corporate demand, softer oil prices and slow economic growth, the hospitality industry in Doha and the wider GCC struggled with lower occupancy rates in 2016 and 2017. However, growth in the industry is expected to be faster over the next four years than in any other market in the Gulf region, with the exception of...
Qatar’s tourism sector is gearing up for expansion in anticipation of a major influx of tourists for the six-week 2022 FIFA World Cup. The event is expected to attract close to the 1m visitors that travelled to Brazil for the most recent World Cup in 2014. In the build-up to the tournament, investment is being channelled into the development...
Qatar’s tourism sector is gearing up for expansion in anticipation of a major influx of tourists for the six-week 2022 FIFA World Cup, with the event expected to attract close to 1m visitors. In the build-up to the tournament, investment is being channelled into the development of tourism-related infrastructure to accommodate visitor traffic, and provide avenues of entertainment and...
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×