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
 Dec 22 2014 - MoI discusses setting up national strategic plan to fight drugsEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM))  The Ministry of Interior, MoI, has discussed ways to establish the first national strategic plan to combat drugs. The discussion took place during a specialised ...

 Dec 22 2014 - GCC Secretary-General hails initiative of Saudi King on Qatar, Egypt reconciliationEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM))  Dr. Abdullatif bin Rashid Al Zayani, GCC Secretary-General, expressed satisfaction with the initiative of the Custodian of the Two Holy Mosques, King Abdullah ...

 Dec 22 2014 - Etihad Airways goes double daily to MelbourneEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM))  Etihad Airways today announced plans for a second daily non-stop service between Abu Dhabi and Melbourne from 1st August 2015.The additional flight will be ...

 Dec 22 2014 - Dubai Municipality launches recycling initiative at Safa ParkEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM))  Dubai Municipality has launched an initiative to encourage Safa Park visitors to exchange their recyclables, such as plastic and cans, in exchange for Union ...

 Dec 22 2014 - Ducab Aluminium begins construction of new facility in KizadEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM))  Abu Dhabi Ports Company, ADPC, has announced that Ducab Aluminium Company has broken ground for its new aluminium rod and conductor facility at Kizad.After ...

 Dec 22 2014 - Kuwaiti Emiri Diwan mourns death of Sheikha Sabah Al-Nasser Al-SabahEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM))  The Kuwaiti Emiri Diwan today mourned the death of Sheikha Sabah Al-Nasser Al-Sabah, spouse of His Highness Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah.According ...

 Dec 22 2014 - OPEC daily basket price Friday 19th DecemberEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM))  The price of OPEC's basket of twelve crudes stood at US$55.52 a barrel on Friday, compared with $56.30 the previous day, according to OPEC Secretariat ...

 Dec 22 2014 - World Islamic Travel Summit to debut in Abu DhabiEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM))  The World Islamic Travel Summit, WITS15, the largest showcase of Halal travel and tourism solutions, is to debut in Abu Dhabi next October.The pioneering ...

 Dec 22 2014 - DEWA sponsors first Emirati student to Lima Climate Change Conference in PeruEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM))  Bader Al Hammadi, an Emirati student and Carbon Ambassadors Programme member, has participated in the United Nations COP20 Climate Change conference in Lima, ...

 Dec 22 2014 - China tops Algeria's supplier list for second yearEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM))  China has emerged as Algeria's largest supplier in the first 11 months of 2014, figures from customs showed on Sunday.China topped the list of the largest ...

more...


 






Google

 
 

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