Real estate investors will pour $10bn into the hospitality sector in Bahrain by 2020, according to the Economic Development Board of Bahrain (EDB), as a raft of new luxury hotels and resorts is built across some of the country’s 33 islands. The developments will cater to people looking for anything from a downtown retail excursion to a...
As a leading performer in Bahrain’s economy in 2017, the tourism and leisure sector has begun measuring its success and impact in billions of dollars. The kingdom expects to see annual tourism receipts of over $1bn by 2020, by which time over $1bn will have been spent on upgrading its international airport and a further $10bn on a raft of new...
In March 2016 an attack at the beach resort of Grand-Bassam killed 19 people, of which the majority were civilians. The Jihadist group Al-Qaeda in the Islamic Maghreb (AQIM) claimed responsibility. Following the incident, the government disbursed a CFA300m (€450,000) support package to the town of Grand-Bassam, with CFA200m (€300,000) going...
As part of its vision to welcome 5m visitors in 2020, up from 1.5m in 2016, Côte d’Ivoire is actively seeking to increase hotel capacity, and especially the amount of higher-quality and properly licensed accommodation. According to government data, as of January 2017 only 12.28% of hotels operating in the country held an official hotel licence...
The country’s return to stability following the conflicts throughout most of the 2000s, as well as the elevated growth that has come with it, have catalysed a resurgent tourism sector. While tourism’s contribution to GDP stood at just 0.6% in 2011, in April 2017 Côte d’Ivoire Tourism, the body in charge of promoting the tourism sector,...
Côte d’Ivoire is actively seeking investors, both public and private, from home and abroad, as part of a broader aim to transform the tourism sector into one of the top three income-generating industries in the country. Creating investment opportunities is one of the four principle elements of Côte d’Ivoire’s tourism development strategy (see...
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