$13billion Infrastructure investment underpins Kuwait tourism development goals

Published on : Sunday, February 3, 2013

Kuwait’s $13 billion investment in its transport infrastructure is driving its tourism sector, according to government officials.

In a recent interview, Khaled Al Ghanim, Deputy Chairman and Managing Director, Kuwait Tourism Co. confirmed that in addition to government projects, Touristic Enterprises Co is also planning to launch a raft of entertainment, sports and tourism projects valued at up to US$460 million, boosting Kuwait’s regionalstatus.

Recognising Kuwait’s potential, Alpen Capital reported growth in CAGR for the hospitality sector at 8.1% over the period 2011–16. Alpen’s October 2012 GCCHospitality Industry Report, estimates 2012-13 GDP growth of 3-5% and a strong business travel base. The development of Kuwait’s existing leisure and business
infrastructure is also set to drive new inbound business, with steady tourism growth over the last decade, leading to an increase in international tourist arrivals of 13% for the period 2001-2011, and tourism receipts of US$5.3 billion in 2011.

By 2015, Kuwait hopes to welcome one million tourist arrivals per annum, and Reed Travel Exhibitions, organiser of Arabian Travel Market (ATM), will meet with industry leaders to discuss the opportunities and challenges facing the country as part of its annual GCC & Levant road show series, with the first event
kicking off in Kuwait City at the JW Marriot on 3rd February 2013.First, users register and complete the examine this link here now diagnostic step

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