By Mohamed S Al Geziry Hospitality Development in the Region

Kuwait Qatar Saudi Arabia Bahrain UAE Oman The Region

Unprecedented Growth in Hospitality Development

But !

Is it a Bubble?

Is it Sustainable?

A challenge to determine in 15 Minutes !

The Dubai Experience

In 1989 Dubai Established the Dubai Commerce & Tourism Promotion Board, a successful alliance between the Government and the Private Sector In 1997 The Department of Tourism and Commerce Marketing was established a full fledge Government Department and was charge with the Marketing, Promotion and regulation of the Trade.

نمو عدد الزوار Visitor Numbers – 2004

عدد الفنادق Hotel & Hotel Apartment

العائدالفندقي Hospitality - Revenues

Dubai International Airport Passengers: 21.7 million 20.2% Cargo: 1,169,285 tons 21.5% Aircraft Movement: 195, %

Tourism Contribution to GDP Direct 17% Overall 29%

To Make this success story Sustainable:  Clear Vision & Direction  Excellent Planning  Infrastructure including Hospitality Development, Air Access  Extensive Marketing

المساهمة في الناتج القومي  Clear Investment Policies  Encouraged FDI  Uncomplicated and E- enabled Management of the Tourism Sector  Government / Private Sector Relationship

تطورات البنية التحتية The Following slides will show some of the new projects in Dubai

Iconic Projects

Residential and Tourism Projects

Residential, Tourism & Trading Projects

Shopping

Residential

Residential and Tourism Projects

Residential or Tourism Projects

النخيل Residential and Shopping

Burj Dubai The Tallest Tower in the World

MASTER PLAN   Terminal Facilities by  Airfield Facilities by 2002 – 2006  Cargo Facilities by  Complete Expansion by 2008

TERMINAL 3 TERMINAL 3

The Airport City… Jebel Ali

 Vital role in promoting tourism  Flies to 54 countries and lands in 77 destinations  Award winning Airline – more than 200 international awards

Dubai Water Front Project

I guess we can go on forever !

The question now remains for you to answer !

Is it a Bubble?

I think it is!

But what kind of a Bubble is it ?

B Brilliant, Best, Breathtaking, U Unique, Unforgettable, Unmatchable B Beautiful, Blows your mind away B Biggest, Beyond imagination L Luxurious, Lively, Lucrative E Excellent, Elegant, Exceptional

Thank you !