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Metito eyes expansion plans

METITO, THE UAE-based utilities provider, is unlikely to go for an IPO this year and may opt to concentrate on aggressive expansions first.

Qatar’s tourism sector set for main revenue growth

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QATAR’S TOURISM SECTOR is expected to sustain its six per cent annual revenue growth rate in 2010, and will particularly continue to focus on inbound travel being generated by the rapidly expanding local meetings, incentives, conferences and exhibitions (MICE) segment. The more than 180 major events scheduled in Qatar this year are expected to further increase demand for hotel rooms, mirroring the solid 25 per cent increase in room space recorded in 2009.

Cristal Hotels and Resorts, one of the fastest-growing hotel chains in Abu Dhabi, has announced that it plans to open new hotels in Qatar to capitalize on the country’s strong tourism and hospitality markets. The move will form part of a broader and aggressive expansion across the Middle East. Cristal recently announced that it achieved one of the highest month-to-date occupancy rates among Abu Dhabi’s 4-star and 5-star hotels, scoring 84 per cent average occupancy in January 2010. It has been able to emerge as one of Abu Dhabi’s top hospitality companies less than a year after its opening in July of 2009.
“Abu Dhabi and Qatar have been able to grow their hospitality and tourism industries despite the downturn. They also both rely heavily on MICE visits to generate a significant portion of local travel and tourism revenue. Their similarities will enable us to apply most of the growth strategies we adopted in Abu Dhabi and gain the same measures of success within Qatar’s thriving travel and hotel markets,” said Peter Blackburn, General Manager, Cristal Hotel Abu Dhabi.
Upcoming developments that will further solidify Qatar’s business travel niche are the opening of the country’s new international airport; the launching of the Doha Convention Centre and Towers in 2012; and the completion of the metro within five years. Aside from its MICE appeal, Qatar also offers excellent leisure and lifestyle destinations. Some attractions include Souq Waqif, a downtown Doha souk rebuilt to look like its ancient predecessors; the nearby Museum of Islamic Art; and the 15-km Khor al Adaid (‘Inland Sea’) lake near the southern coast. Cristal Hotels and Resorts was able to achieve an average Abu Dhabi occupancy level of 78 per cent from August 31 to December 31, 2009, outperforming other 5-star hotels despite being only a few months into operation. Its 4-star Abu Dhabi Hotel offers 192 rooms and suites equipped with high-speed internet, an IDD interactive telephone with voice mail; multi-purpose meeting and conference rooms and audio visual equipment; and other premium facilities such as an exclusive spa, an in-door pool and a beauty salon.
Last Updated ( Wednesday, 19 May 2010 14:39 )  

Business and Management

  • Two more gas turbines commissioned

    Two new gas turbines with a total production capacity of 400 MW will be commissioned by Dubai Electricity and Water Authority (DEWA) before the end of the current year, according to DEWA managing director and CEO, Saeed Mohammed Al Tayer. The utility will also commission two desalination units with a total production capacity of 160,000 litres of water, in addition to four auxiliary boilers according to Al Tayer. The units of power generation and water desalination project (Station M) have come into service this year to raise the production capacity of both electricity and desalinated water of DEWA.

     

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Executives Calendar

November 2010

NOVEMBER 2010
1-4 GCC Power DOHA
www.ifpqatar.com

1-4 Adipec 2010 ABU DHABI
www.adipec.com

2-6 Jordan Motorshow AMMAN
www.ifpqatar.com
21-24 The Big 5 DUBAI
www.thebig5exhibition.com

28-30 Roadex/Railex ABU DHABI
www.roadex-railex.com
28-30 MEMEX 2010 ABU DHABI
www.memexnews.com

October 2010

OCTOBER 2010

3-6 Saudi Build RIYADH
www.recexpo.com

4-6 Powergen Middle East DOHA
www.power-gen-middleeast.com

17-19 PG&WSME ABU DHABI
www.powerandwaterme.com
17-20 Recycling & Waste Management KSA RIYADH
www.recexpo.com

17-21 GITEX Arabia DUBAI
www.gitex.com

18-21 Erbil International Fair ERBIL
www.ifpqatar.com

25-27 Saudi Transtec Dharan
www.sauditranstec.com


September 2010

SEPTEMBER 2010
27-30 Project Iraq ERBIL
www.ifpqatar.com

January 2011

8-11 January
Arabplast 2011, Dubai

16-18 January
Intersec 2011, Dubai                      

17-19 January
World Future Energy Summit, Abu Dhabi                   

February 2011

8-10 Feb
Middle East Electricity, Dubai                          

8-10 Feb
Cabsat Middle East, Dubai

8-10 Feb
Gulf Industry Fair, Manama

28 Feb-3 March
Electro Automation Industrial & Energy Algiers

March 2011

1-3 March
Middle East Coatings, Cairo

7-9 March
Gulf Glass 2011, Abu Dhabi

8-10 March
Wetex 2011, Dubai

22-26 March
Conexpo-Con Agg, Las Vegas

April 2011

4-7 April
Syrpower 2011, Damascus

6-8 April
Resale 2011, Stuttgart

6-9 April
Plast Expo 2011, Casablanca

10-13 April
Saudi Communications, Riyadh

17-20 April
Cityscape Abu Dhabi, Abu Dhabi

26-28 April
GulfBID 2011, Manama

May 2011

2-5 May
Project Qatar, Doha

3-6 May
Arabian Travel Market, Dubai

17-19 May
FM Expo, Dubai

17-19 May
The Office Exhibition, Dubai           

23-25 May
M.E. Communications, Abu Dhabi

30 May-2 June
Saudi Elenex, Riyadh

31 May-2 June
The Airport Show, Dubai

June 2011

11-13 June
Cityscape Jeddah, Jeddah                        

October 2011

3-5 October
Power Generation & Water M.E., Abu Dhabi                   

10-13 October
Saudi Build 2011/Saudi PMV, Riyadh                         

16-18 October
MEMEX 2011, Abu Dhabi

Powergen Middle East, Doha

The Big 5 2011, Dubai

November 2011

21-24 November
Saudi PPPP, Riyadh