Wednesday, 14 March 2012

Investors eye Saudi prospects as hotel revenues soar

Top industry executives and officials will head to the annual Arabian Hotel Investment Conference 2012 (AHIC), which takes place in Dubai on 28-30 April at Madinat Jumeirah, to discuss investment opportunities in a region where governments are ploughing billions of dollars into tourism infrastructure.

Flush with petrodollars, with oil prices consistently above $120 a barrel, Saudi Arabia, the United Arab Emirates and Qatar have all embarked on aggressive hotel and transport development programmes as they seek to diversify their economies away from oil and boost revenues from the tourism sector.


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