Investment Boost for UAE Tourism Industry

ABU DHABI

Investments of $136 billion (Dh499bn) will be made to develop business and tourism assets to increase visitor numbers from 1.35 million in 2006 to 3 million by 2015. The total value of announced and ongoing projects in Abu Dhabi is close to Dh1 trillion. Around 40 private sector hotels and resorts will be built by 2010.

DUBAI

The emirate aims to woo 15 million business and leisure visitors to contribute 20 per cent of GDP. One of the major upcoming projects is the $1.8bn World Project – a collection of 300 manmade islands modelled on the continents and due for completion in 2010. The Burj Dubai opens in 2008 and the $14bn Palm development is due in 2009.

FUJAIRAH

The emirate is investing Dh3bn over five years to increase the number of visitors. Key development include the Radisson Al Aqah Beach Resort and the Fujairah Paradise residential and tourism complex – both due to open in 2009.

RAS AL KHAIMAH

Plans are in place to attract leisure and industrial sector investment of Dh50bn to quadruple the number of visitors by 2010 to 100,000. Key developments include the Dh2.9bn Al Marjan island hotel, marina and luxury villa complex due to complete by 2011.

SHARJAH

A $62m expansion project has been designed to increase the capacity of Sharjah Airport to 8 million passengers a year. The $18bn Al Nuojoom Islands project will be completed by 2010 to deliver hotel resorts, a golf course, shopping complexes and residential areas.

UMM AL QUWAIN

The Imar Spa has begun offering Overnight Spa Escape packages aimed at Dubai’s residents. The $3.3bn Umm Al Quwain Marina project will provide more than 80,000 homes, boutique hotels, retail and leisure facilities in a marina-themed environment.

AJMAN

The emirate has a 10-year investment programme to boost the economy and tourism by building major roads, transport infrastructure and a metro link to Dubai. After investing $7bn in 2004 and 2005, the emirate plans four major property projects including the $2bn Ajman Marina.

Reference: Here

News Published Under:   United Arab Emirates |