UAE fuels $492m investment into Bahrain’s tourism sector

Major investment from UAE-based property developers is helping to support Bahrain’s tourism sector, which is striving to recover from the ill-effects of coronavirus.

According to the fDi Intelligence Tourism Investment Report 2021, the kingdom secured $492 million of tourism capital investment last year, the highest in the Middle East and Africa (MEA) region, largely as a result of investments from Dubai-based Emaar Properties and real estate developer Eagle Hills.

Capital investment into MEA last year decreased 82 percent from 2019, dropping to $1.6 billion. The number of tourism jobs created in the region also experienced a similar decline, falling from approximately 17,400 in 2019 to 2,800 in 2020.

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Main image: via Arabian Business 

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