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…

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Cote-dAzur, Heart of Europe, Dubai

Dubai’s Heart of Europe unveils beach to ‘rival Rio and Miami’

Developer says Rainbow Beach will add about 800 metres of shoreline to The Heart of Europe’s 3,580 metres of white sandy beaches The developer behind the $5 billion Heart of Europe leisure tourism destination off the coast of Dubai has unveiled its latest attraction – Rainbow Beach which aims to rival Rio’s Copacabana and Miami’s South Beach. Rainbow Beach will add about 800 metres of shoreline to The Heart of Europe’s 3,580 metres of white sandy beaches and the emirate’s celebrated coast. Taking its name from the quartet of brightly coloured…

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Jeddah skyline Saudi Arabia

Saudi Arabia launches new $530m fund to develop tourism destinations

Tourism Development Fund and Riyad Bank unveil Tourism Partners program to provide financing for projects. Saudi Arabia’s Tourism Development Fund (TDF), in partnership with Riyad Bank, has launched the Tourism Partners program, allocating a funding capital of up to SR2 billion to enable the development of the kingdom’s key destinations. The program is a first of its kind where public and private sector work collaboratively against individual performance indicators on each side, ensuring the highest standards of governance to achieve the objectives of the program, a statement said. TDF introduced…

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