Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi - Tourism development focus of Abha forum  Join our daily free Newsletter

MENAFN - Arab News - 30/12/2013
No. of Ratings : 0
Add to Mixx!

(MENAFN - Arab News) Business leaders from Saudi Arabia and other five GCC countries will meet in the southern tourist city of Abha on Sunday to discuss ways of strengthening trade and investment ties and prospects of setting up joint projects in tourism, health, minerals and other key industries.
Abdullah Al-Mubti, president of the Council of Saudi Chambers and Abha Chamber, welcomed the business delegations from the six GCC states and emphasized his chamber's desire to establish giant projects in the region with the participation of GCC investors.
"We'll present a spate of vital investment opportunities in the region to the GCC delegates attending the meeting," he said.
Al-Mubti emphasized the role played by Abha Chamber in establishing a special agency for tourism development, and commended the role being played by Prince Sultan bin Salman, president of Saudi Commission for Tourism and Antiquities, to boost domestic tourism.
Referring to the chamber's efforts to promote industries in the region, he said: "Land has been allocated for the establishment of a second industrial city, which will be developed in the last quarter of 2014."
There are 213 industries with 19,000 workers in the Asir region involving a total capital investment of SR4.8 billion. The region makes an annual revenue of SR2.4 billion from tourism, Al-Mubti said.
According to Abdul Rahman Al-Ahmary, secretary-general of Abha Chamber, the Abha meeting aims at enlightening GCC business leaders about growing business opportunities in the region.
The chamber has made arrangements to provide visiting GCC businessmen and businesswomen necessary information about the region's investment potential and opportunities.
"The meeting offers a golden opportunity to promote Asir region as a major center for investment," said
Abdul Aziz Al-Muthami, executive director of the Asir Investment Council.
He said the council would provide all support and facilities to businessmen and businesswomen intending to invest in the region in coordination with other government departments.
"The entry of Gulf funds to Asir will boost the region's economic development and its tourism, trade and investment activities," he said, adding that it would also create more jobs for citizens.
He said the region's natural resources would attract more investment in the tourism sector, especially to establish hotels, recreation centers, shopping facilities and other tourism projects.
Abdullah Matain, director of SCTA in Asir, said the meeting would support the governorate's drive to make Asir a leading tourism center in the Kingdom.
He also emphasized prospects of tourism exchange between the GCC states.
Abdullah Al-Romaih, a businessman, said there are good prospects for investment in industry, minerals, tourism, fisheries, trade and health. "The government should provide greater incentives and facilities to investors to make Asir an attractive place for investors and industrialists," he added.


Arab News

  MENA News Headlines
 Oct 6 2015 - Abu Dhabi s NBAD is 1 for GCC bonds DealogicEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) ABU DHABI 6th October 2015 (WAM) --- National Bank of Abu Dhabi (NBAD) the Safest Bank in Emerging Markets and the Middle East by Global Finance magazine is ...

 Oct 6 2015 - ADEC offers public school students an After School Support ProgrammeEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) ABU DHABI 6th October 2015 (WAM) -- The Abu Dhabi Education Council ADEC has organised an "After School Support Programme" for students for the 2015/2016 ...

 Oct 6 2015 - Four UAE soldiers martyred in AdenEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) ABU DHABI 6th October 2015 (WAM) -- The General Command of the UAE Armed Forces has announced the death of four of its brave soldiers in Aden during their ...

 Oct 6 2015 - UAE- Ajman Ruler congratulates Egyptian PresidentEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) AJMAN 6th October 2015 (WAM) -- H.H. Sheikh Humaid bin Rashid Al Nuaimi Supreme Council Member and Ruler of Ajman has sent a cable of congratulations to the ...

 Oct 6 2015 - UAE Ambassador to Bahrain attends mass weddingEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) MANAMA 6th October 2015 (WAM) --- Ambassador of the United Arab Emirates to Bahrain Abdul Redha Khouri recently attended a mass wedding for 202 couples with ...

 Oct 6 2015 - Dubai repays US500 million bonds certificatesEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) DUBAI 6th October 2015 (WAM) -- The Government of Dubai acting through the Department of Finance has announced that the US$ 500 million Fixed Rate Note ...

 Oct 6 2015 - UAE- Emirates Airline offers special A380 fares to a host of destinationsEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) DUBAI 6th October 2016 (WAM) --- Travellers in the UAE gearing up for year-end trips can now enjoy special fares to a host of destinations served by the ...

 Oct 6 2015 - UAE-MENA healthcare providers to spend US2.73bn on IT products services in 2015Emirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) Dubai 6th October 2015 (WAM) - Healthcare providers in the Middle East and North Africa will spend US$2.73 billion on IT products and services in 2015 ...

 Oct 6 2015 - Dhahi Khalfan opens 2015 edition of Critical Communications Middle East in DubaiEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) Dubai 6th October 2015 (WAM) - Lieutenant General Dhahi Khalfan Tamim Deputy Chairman of Dubai Police and General Security led the opening ceremony of the ...

 Oct 6 2015 - Emirates Transport to purchase 722 new buses worth AED 180mn to meet growing demand for school transport servicesEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) DUBAI 6th October 2015 (WAM)Hussain bin Ibrahim Al Hammadi Minister of Education and Chairman of Emirates Transport has approved the purchase of 722 new ...




Click to Apply


Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

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


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Economic Calendar
Financial Glossary

Financial Calculators

RSS Feeds [XML]

Corporate Monitor


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