Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Boom time ahead for UAE hospitality  Join our daily free Newsletter

MENAFN - Khaleej Times - 18/12/2013
No. of Ratings : 0
Add to Mixx!



(MENAFN - Khaleej Times) The UAE hospitality sector, which ranked fifth globally for new hotel openings over the past five years, is set to change fast by adding more rooms and other facilities as part of the preparations to host the world's third-largest event in 2020.

"World Expo 2020 is going to be a big game-changer for the country's hospitality industry. Even during the slowdown, the sector was driving the country's economy... now it is going to be a direct beneficiary of the winning bid to host the expo," Saif Mohammed Al Midfa, chief executive of Expo Centre Sharjah, said in a statement to Khaleej Times on Tuesday.

The hospitality industry officials, which converged on the inaugural Kitchen Equipment & Technology Exhibition Middle East at Expo Centre Sharjah, said the three-day event is providing the region's hospitality and catering sector easy access to latest kitchen essentials such as food storage, and preparation and handling technologies and products.

"Looking at the number of hotel rooms needed to accommodate visitors and participants to the World Expo, the large number of jobs the event will create and the equipment and manpower required, the hospitality sector will be on an overdrive for years to come. The Kitchen Equipment fair is tailor-made to address the surging needs of equipment and technology arising out of this boom," Al Midfa said.

"The whole country needs to be well prepared to meet this demand, with some predicting that the demand may spill over to neighbouring countries," said Shanaaz Raja, course director of the International Centre for Culinary Arts Dubai.

The kitchen equipment industry is also quite optimistic of the impending boom and is awaiting the new orders to be generated in the medium term. Mohd Saleh Al Dibsawi of Kitcherama Trading was also of a similar view.

"We have increased our local manufacturing capabilities and now manufacture a full range of hot cooking lines in UAE itself. This has benefited the hospitality industry greatly as European technology and quality is now manufactured locally."

 


Khaleej Times




  MENA News Headlines
 Jan 25 2015 - Egyptian female cyclists pedal for acceptanceAFP
(MENAFN - AFP) Yasmine Mahmoud cuts a defiant figure as she weaves her bicycle through the chaotic streets of Cairo, a place where few women dare to pedal. Every day, like for the past four years, ...

 Jan 25 2015 - Oman's Suez subsidiary signs USD37m landfill contractMENAFN
(MENAFN) Suez Environment via its local subsidiary Sita Al Basheer has won a contract to design, build and operate the expansion of the landfill site for five years. The total amount of the contract ...

 Jan 25 2015 - Saudi- Kingdoms economy expected to expand 3.22 this yearArab News
(MENAFN - Arab News) DUBAI: Cheap oil will slow growth in most Gulf Arab economies this year but heavy spending by governments and healthy private sector activity will prevent any serious slump a ...

 Jan 25 2015 - Egypt awards USD112.04m contract for rail systemMENAFN
(MENAFN) Egyptian National Railways (ENR) said that it has awarded Alstom a USD112.04 million contract for the supplying of signaling equipment for the Beni Suef-Asyut line in Egypt, as well as its ...

 Jan 25 2015 - UAE's inflation hits 6-year high in DecemberMENAFN
(MENAFN) According to the figures released by the United Arab Emirates National Bureau of Statistics, the increase by more than 5 percent in the housing and utility costs led the UAE's inflation rate ...

 Jan 25 2015 - Dubai's Drake & Scull unit wins USD49m contractMENAFN
(MENAFN) Dubai's Drake & Scull International (DSI) said that one of its subsidies won a USD49 million engineering contract in the emirate, Gulf Business reported.Under the signed contract, the ...

 Jan 25 2015 - Dubai's Deyaar net profit down 43 percent in Q4MENAFN
(MENNAFN) Dubai's Deyaar Development said that it has registered a decline by 43 percent in its net profit during the October-December period of 2014, Gulf Business reported.During the fourth quarter ...

 Jan 25 2015 - Renault's GCC sales up 44 percent in 2014MENAFN
(MENAFN) Renault announced that it has registered a 44 percent increase in its sales within the region during 2014, which led by Dubai resulted in the manufacturer selling 23.626 vehicles, Emirates ...

 Jan 25 2015 - Sharjah firm to build solar power plantMENAFN
(MENAFN) Bee'ah, a Sharjah-based waste management company, announced that it is planning to build a solar power plant in the emirate with a capacity to generate more than 20 megawatts, Emirates 24/7 ...

 Jan 25 2015 - Bahraini JBG invest USD2.44m on expansion in GCCMENAFN
(MENAFN) Bahrain-based Jawad Business Group (JBG) announced that it was planning to expand its business in the UAE and the GCC by opening 10 new stores this year, with an investment of over USD2.44 ...

more...


 






Google

Electronic & Mobile Payment

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help