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HOW THE UAE PLANS TO COPE WITH RISING TOURIST NUMBERS

New report says UAE will have 82,994 hotel rooms by 2021 as influx of Indian, Saudi and UK tourists is set to continue. Expo 2020 and its legacy, District 2020, are expected to have a positive long-term influence on the growth of inbound arrivals to the UAE from the country’s top source markets between 2018 and 2023, according to new research. Data published ahead of Arabian Travel Market, which takes place at Dubai World Trade Centre from April 28 to May 1, showed the UAE is set to welcome 8.92 million visitors from the top …

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ABU DHABI PARTNERS WITH SILICON VALLEY ACCELERATOR TO BOOST TRAVEL START-UPS

Etihad Airways is one of the partners in Plug and Play’s programme, which will launch in Q3 this year. Abu Dhabi Global Market (ADGM), Etihad Airways and the Department of Culture and Tourism has teamed up with Silicon Valley accelerator Plug and Play to boost start-ups in the UAE’s travel and hospitality sector, the parties said during a press conference in the capital on Wednesday. The accelerator programme, which will launch in the third quarter of 2019, will see the first batch of selected start-ups begin their work from ADGM’s office in Al Maryah Island.Plug and Play’s …

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INTOLERANCE STEMS FROM OUR IGNORANCE OF EACH OTHER – UAE’S SHEIKH NAHAYAN

UAE Minister of Tolerance Sheikh Nahayan Mabarak Al Nahayan has the world’s most unique cabinet post. His mission? Dispel stereotypes and build bridges between people of various faiths. “Intolerance stems from our ignorance of each other,” says Sheikh Nahayan Al Mabarak Al Nahayan, the UAE’s Minister of Tolerance. “It’s a pity that we try to put one religion over the others.” Just a few minutes into our conversation at his Friday Majlis, it is clear that he is the right man for the job. And being the UAE’s – and the world’s only – minister …

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EMIRATI ARABI CRESCONO LE OPPORTUNITA’ PER LE PMI

Economia dell’ ospitalità, materiali di costruzione, arredo e agroalimentare. Negli Emirati Arabi Uniti le opportunità per le aziende lombarde non si limitano ai comparti legati a petrolio e gas. Nel 2017 l’export lombardo verso i sette Emirati ha superato 1,4 miliardi di euro. Certo, negli ultimi mesi del 2018 gli scambi commerciali hanno subito un rallentamento rispetto all’inizio dell’anno. Ma le potenzialità restano altissime: “ Negli Emirati c’é una cultura simile a quella italiana – spiega Giovanni Bozzetti, fondatore e presidente di EFG Consulting, società che affianca le imprese italiane nei mercato degli Emirati Arabi Uniti …

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9 FANTASTIC THINGS TO DO IN SHARJAH UAE

Closer to Dubai Airport than the famous tourist strip of Jumeriah Beach, Sharjah is the UAE’s third largest emirate. It might not be as well-known just yet, but here, the glitz and excesses of its neighbour are resisted in favour of Islamic heritage and tradition. As we found out on a recent trip over, it means it’s a fascinating destination that welcomes respectful visitors, and rewards them with a wealth of unique attractions like the glassy lakeside area of the Al Majaz Waterfront and the fascinating Mlehia Archaeological Site. With a contemporary side to its …

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OLTRE LO SPORT: GLI EVENTI SPORTIVI DELL’ABU DHABI SPORTS COUNCIL FAVORISCONO LO SVILUPPO DEL SETTORE TURISTICO

Giunta alla dodicesima edizione, la Red Bull Air Race di Abu Dhabi rappresenta uno degli eventi più attesi nel mondo delle gare sportive, nonché un vero e proprio motore di sviluppo economico. Lo dimostrano gli oltre 50.000 spettatori dell’anno scorso, 15.000 dei quali giunti appositamente ad Abu Dhabi proprio per questa occasione. Fattori critici di tanto successo sono il sostegno degli stakeholder e degli sponsor dell’Abu Dhabi Sports Council (ADSC) e la gratuità dell’evento, che come ha sottolineato il Direttore degli eventi e del marketing di ADSC, HE Ahmed Al Qubaisi, permette a tutti di …

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POPE FRANCIS TOUCHED DOWN IN THE UAE FOR THE FIRST TIME ON SUNDAY

His Highness Shaikh Mohammed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi declared that this historic visit sends a message tothe whole world that the Arab region comprises millions of people who believe in coexistence and dialogue and who are open up to the world and willing to engage with it.  As part of the visit yesterday Pope Francis, visited the Shaikh Zayed Grand Mosque in Abu Dhabi, with the Grand Imam of Al A Azhar, Dr Ahmad Al Tayeb. This visit marks another step in the country’s long history of encouraging multi-faith and …

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JLL: MAJOR PROJECT LAUNCHES TO STIMULATE REAL ESTATE MARKET IN SAUDI ARABIA

Increased government spending and progress on giga-project developments provide a catalyst for future investment opportunities in Saudi Arabia, outlines JLL’s 2018 Year in Review report With stronger oil revenues and progress on new social reforms, GDP growth levels are expected to register 2.4% in 2018 according to Oxford Economics, up from -0.9% in 2017. 2019 is expected to witness ongoing activity on the back of the Kingdom’s largest ever expansionary budget (SAR 1 trillion in spending), and commitment to driving economic growth in line with Vision 2030’s objectives. “The government’s continued focus on strengthening the …

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AED 41 BILLION SHARJAH’S INDUSTRIAL PRODUCTION WORTH IN 2018

According to the report issued by Sharjah Economic Development Department “SEDD”, the industrial production of Sharjah reached 41 billion dirhams (9.723.150.000 €) last year. Therefore, the Department attained great achievements and results in the area of industrial licenses indicator through 2018 whereas the number of issued industrial licenses grew by 14% in 2018 compared to 2017 with 174 licenses issued, and 1890 ones renewed, achieving a total of 2064 licenses. Accordingly, the contribution of manufacturing industries to GDP reached 15.7 billion dirhams (3.723.255.000 €), representing 17% of GDP, while the sector witnessed new industrial growth in different …

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POPE’S UAE VISIT TO ‘BRIDGE THE GAP’ THROUGHOUT THE MIDDLE EAST, SAYS MINISTER

Exclusive: UAE Minister of State for Tolerance Sheikh Nahayan Mabarak Al Nahayan said that the Pope’s visit and the declaration of 2019 as the Year of Tolerance are meant to send a message to the wider region The upcoming visit of Pope Francis to the UAE will help “close the gap” between different sects, religions and ethnicities across the wider Middle East, according to His Highness Sheikh Nahayan Mabarak Al Nahayan, the UAE’s Minister of State for Tolerance. In an exclusive interview with Arabian Business ahead of the event, Sheikh Nahayan said that the “tremendous” …

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ENI ACQUIRES FROM ADNOC A 20% EQUITY INTEREST IN ADNOC REFINING.

The agreed terms for the 20% equity interest acquired by Eni include a cash price of approximately $3.3 billion after deduction of the net debt and subject to closing adjustments. The acquisition of a stake in this high quality refinery complex represents a 35% increase of Eni’s refining capacity Eni gains access also to a 20% stake in a new to be established Trading JV The agreed terms of the entire deal include a cash price of approximately $3.3 billion, after deduction of the net debt, and subject to closing adjustments. The deal makes Eni’s …

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MARS SCIENCE CITY TO BE FULLY OPERATIONAL IN 4 YEARS

Mars Simulation City to be built near Mohammad Bin Rashid Space Centre in Al Khawaneej Dubai: The UAE is 98 years away from building a city on Mars but it’s just “three or four years”away from having its own prototype simulation city of the Red Planet on its very soil near Al Khawaneej, an official said. In February 2017, the UAE unveiled its 100-year plan to colonise Mars and establish the first inhabitable human settlement on the Red Planet by 2117. As part of this ambitious project, the UAE will also build a Mars Science City …

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DUBAI RULER ORDERS HATTA TOURISM PROJECTS TO BE FAST-TRACKED

Sheikh Mohammed bin Rashid Al Maktoum keen to speed up plan to turn Hatta into a key tourism and investment hub Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has ordered government entities to speed up the execution of projects related to Hatta’s comprehensive development plan. The plan seeks to turn Hatta into a key tourism and investment hub, with Meraas Holding behind projects to position the mountainous area as a global destination for eco-tourism. During his visit to Hatta, Sheikh Mohammed stressed the importance of giving priority to …

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UAE ECONOMY FORECAST TO GROW 3.8% OVER NEXT FOUR YEARS

New research says UAE growth to be supported by an increase in investment flows and private consumption Real GDP for the UAE’s non-oil sector is projected grow by an average of 4.1 percent between 2019-2023, compared to the 2.8 percent in the 2014-2018 period. The UAE is forecast to achieve an average real GDP growth rate of 3.8 percent between 2019 and 2023, supported by an increase in investment flows and private consumption, according to new analysis from Dubai Chamber of Commerce and Industry. The analysis identified other key factors that are expected to drive …

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DUBAI STUPIRE, VINCERE, STABILIRE RECORD DA SUPERARE SUBITO DOPO

E’ la cifra dell’emirato ricchissimo senza una goccia di petrolio e diventato hub planetario. Oltre che del business, dei voli, del turismo, dello shopping, dell’arte… Con EXPO 2020 alle porte, Dubai accelera i tempi, come se la bolla immobiliare da incubo del 2009 fosse stata solo un brutto sogno. Dal 20 ottobre 2020, per 6 mesi, la prima Expo del Medio oriente stupira’ 25 milioni di visitatori attesi. Il suo titolo, utopistico quanto basta, Connecting Minds, Creating the Future (Collegare le menti, creare il futuro), sara’ declinato attraverso tre tempi: opportunita’, mobilita’ e sostenibilita’. Ma …

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SMART CITY RISING

The World Green Economy Organisation (WGEO) and the Global Green Growth Institute (GGGI) have signed a partnership agreement in Dubai to fast-track green investments into bankable smart city projects.   What goes into making a Smart City? Investment and cooperation, first and foremost. Global forecasts indicate that spending on smart city projects will grow to US $34.35 billion by 2020 worldwide. These statistics become an excellent framework for understanding why Dubai is well-poised to become a leader among 177 other cities investing in smart technology. In an effort to bolster its facilitation and implementation of various green …

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L’EFFETTO EXPO RILANCIA DUBAI

Giovanni Bozzetti, fondatore di Efg: “Nell’area del Golfo si moltiplicano le chance per le Pmi italiane”.     Funziona il matrimonio tra Made in Italy e sviluppo negli Eau – Emirati Arabi Uniti. Se da un lato ci sono le aziende italiane, un tessuto di imprese anche piccole e medie dalla progettualità costante, dall’altro c’è una federazione di stati che crede nel progresso basato sulle relazioni. “Quest’area sta vivendo una fase di grande sviluppo, ha spiegato Giovanni Bozzetti, presidente e fondatore di Efg Consulting nonché referente unico in italia per Abu Dhabi Chamber of commerce …

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OMAN EYES GULF PRIZE

The Duqm special economic zone in Oman is already attracting investors in its bid to become a major industrial and logistics hub right outside the Strait of Hormuz. One a quiet fishing village on the southern coast of the Arabian peninsula, the port town of Duqm is fast becoming Oman’s most ambitious urban and economic development. A whole new city is rising up the biggest special economic zone in the Middle East and north Africa region. The Duqm Special Economic Zone – known as Sezad – extends for about 2000 square kilometres with a 60-kilometre-long beach front. The …

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SHARJAH’S INCREASED 2019 BUDGET TO FOCUS ON INFRASTRUCTURE AND SOCIAL SUPPORT

Sharjah announces AED25.7 billion ($7bn) budget for 2019, up 10 percent on last year Sharjah’s ruler approved a budget with total expenses of almost $7 billion (AED 25.7bn) for 2019, a ten percent increase on last year. Sheikh Dr Sultan bin Muhammad Al Qasimi, ruler of Sharjah, approved a budget that will focus on public safety as well as on capital improvement programmes. The government announced that infrastructure will take precedence, as well as social support, which will come in a variety of forms, ensuring that the needs of all its citizens are adequately accounted for. …

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POPE FRANCIS TO HOLD PAPAL MASS IN ABU DHABI ON FEBRUARY

Pope Francis will hold a Papal Mass on February 5 at Zayed Sports City, a landmark mass that is expected to draw hundreds of thousands of Catholics in the UAE during his first visit to the Gulf Cooperation Council (GCC). The Vatican has released the official itinerary of Pope Francis’ visit, which includes a public homily of the Holy Father at 10.30am and a private meeting with the Muslim Council of Elders at the Shaikh Zayed Grand Mosque. The official schedule, released on Wednesday, has been long awaited since the announcement of the pontiff’s three-day …

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SHARJAH TARGETS BIG LEAP IN FDI IN KEY SECTORS OF THE ECONOMY

Shaikh Sultan opens Sharjah FDI Forum 2018 – Sharjah is targeting to contribute to the big growth in foreign direct investment (FDI) into the UAE’s key economic sectors such as manufacturing, small and medium enterprises, education, health care and hi-tech industries, top government officials said at the fourth edition the Sharjah FDI Forum on Monday. The two-day event titled ‘Shaping the Future of Economies’ was inaugurated by His Highness Dr Shaikh Sultan Bin Mohammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah. Addressing the forum Sultan Bin Saeed Al Mansouri, UAE Minister of …

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DUBAI THE 7th MOST VISITED CITY IN THE WORLD

Emirate trumps New York and other popular destinations in Europe and the Americas. –  Dubai received one of the highest numbers of visitors from around the world this year, with millions of tourists visiting the emirate. UK-based market research firm Euromonitor International on Tuesday released its Top 100 City Destinations 2018 report, a ranking of cities most attractive to international tourists. Dubai was in seventh position, ahead of New York and many other popular destinations in Europe and the Americas. Euromonitor reviewed last year’s international arrivals in 600 cities around the world to find out …

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ABU DHABI TO SLASH FEES FOR NEW ECONOMIC LICENSES STARTING DECEMBER 1

Emirate approves exemption of local fees for 2 years from date of issuing licence Abu Dhabi will exempt all businesses issued new economic licences by the emirate from local fees for two years as it boosts its competitiveness and looks to attract investors. The resolutions will come into force starting December 1, UAE state news agency WAM reported. The Abu Dhabi Executive Council also approved a decision to cancel 75 municipality services fees and reduce the cost of 23 municipality fees by 10 to 50 per cent, according to a tweet by Abu Dhabi’s Office …

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SUPREME PETROLEUM COUNCIL APPROVES Dh486 BILLION INVESTMENT FOR ADNOC

Adnoc to increase oil production to 5 million bpd by 2030 Abu Dhabi: Abu Dhabi National Oil Company (Adnoc) will increase oil production capacity to 5 million barrels per day by 2030 and the Supreme Petroleum Council approved Dh486 billion in capex to support the company’s five-year growth plans, according to a tweet by His Highness Shaikh Mohammad Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces. “Accelerating investments, driving competitiveness & increasing productivity are strategic imperatives, as we enter a new phase of national development. …

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UAE RISES 10 PLACES TO 11th IN WORLD BANK’S 2019 EASE OF DOING BUSINESS REPORT

The country jumps 10 places in the World Bank’s Ease of Doing Business ranking to lead the Arab region Dubai: The UAE jumped 10 places in the World Bank’s Ease of Doing Business ranking to 11th position globally in 2019 from 21st position last year to lead the Arab world for the sixth consecutive year. The country is fast closing in to become one among the top 10 in the Ease of Doing Business ranking of 190 countries by the World Bank. In nurturing entrepreneurs, the World Bank report makes a special mention of the …

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