Wednesday, November 25, 2020

Kuwait


Kuwait invests billions in travel and leisure projects
March 2014 2010

KUWAIT has committed to tourism-related developments that will be announced at this year’s Arabian Travel Market (ATM), where exhibitors will include the Kuwait Ministry of Commerce and Tourism, Kuwait Airways and Al-Marwa Haj & Umrah Services, which has increased the size of its stand at this year’s show.

“The Kuwait government recognises the potential of the tourism sector and has set a target of one million tourists annually by 2015. It is committing the necessary investment dollars to develop its five-year plan for the travel and tourism sector,” said Mark Walsh, portfolio director, Reed Travel Exhibitions.

Funds earmarked for transport infrastructure alone total around $13 billion according to Kuwait government officials, with the Kuwait Directorate General of Civil Aviation (DGCA) spearheading the upgrade of existing facilities at Kuwait International Airport plus the construction of a new terminal, boosting capacity from the current six million passengers per year to 13 million by 2016.

To cater to this influx, tourism development specialists such as Kuwait Touristic Enterprises Company (TEC) are launching a number of tourism, entertainment and sports projects to the tune of $ 460 million, the state-owned firm’s deputy chairman and managing director, Khaled Al Ghanim, recently revealed.

With leisure tourists in mind, Kuwait’s Partnership Technical Bureau has declared the development of resorts, recreational facilities and a marina on Failaka Island as top priority projects.

These will be complemented by a raft of new hotels, focusing on the luxury sector, with 10,000 new rooms expected to come online by 2015 – an increase in supply of almost one third, according to the Kuwait Hotel Owners Association (KHOA).

InterContinental Hotels Group (IHG) has four properties planned for Kuwait and Millennium and Copthorne recently signed a deal to manage the new 307-room Millennium Hotel and Convention Centre in Kuwait City, while Kuwait Municipality also has unveiled plans to develop an array of luxury properties.

Kuwait was one of the six Middle East destinations being visited by the ATM team during its week-long roadshow which included Bahrain, Lebanon, Oman, Doha and the UAE.




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