While the FIFA event was seen as an overwhelming success by organisers and the domestic tourism body, the country has, thus far, been unable to replicate or sustain the level of visitors the international football tournament brought to the country. However, figures began to head upwards in the last quarter of 2011 and certain markets, such as the African and Asian visitor segments, offer hope for...
Tourism
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After a difficult year in 2011, the return of the Formula 1 (F1) Gulf Air Bahrain Grand Prix in late April 2012 signalled a possible turning point for the country’s tourism sector – a sign that, perhaps, things are now on a path towards renewed growth after what has been, by all accounts, a difficult year. However, not all of the Kingdom’s tourism segments were affected, nor have the fundamental...
Bahrain has weathered the effects of a difficult global economic period well, and its recovery has been solid, demonstrating the strength and flexibility of its economy. The government’s drive to diversify away from oil and gas dependence has been renewed, and a wealth of ambitious non-oil sector projects – from infrastructure to renewable energy technology – is now in the pipeline.
South Africa lies on the southern tip of Africa, occupying 1.22m sq km with some 2800 km of coastline along the Atlantic and Indian Oceans. The so-called “Rainbow Nation” has a population of around 50.5m and is a melting pot of ethnicities, cultures and languages that reflect its rich and tumultuous history.
Unlike spending on toll roads, new ports, and industrial zones, where the immediate economic needs are easily identified and the longer-term benefits can be reasonably anticipated, gains from investments in sports tourism and related infrastructure tend to be less tangible.
Economic update | Nigeria: Upward bound
16 May 2012
The establishment of a new fund to support the tourism sector is setting the stage for expansion in one of Nigeria’s most promising but least developed industries.