Classifieds powered by Gulf News

$8.4b in hotel investments expected in the UAE in 2018

Hotel construction contracts that will be awarded during 2018 are expected to reach $14 billion

Gulf News

Dubai

Investment in hotels in the UAE is expected to reach around $8.4 billion next year, according to Meed Projects.

Hotel construction contracts that will be awarded during 2018 are expected to reach $14 billion, with the UAE being the largest market for these contracts. Ed James, director of content and analysis at Meed Projects, said that this total would comfortably exceed the $8.5 billion awarded in 2016 and the previous record of $11.9 billion awarded in 2015. These figures will be discussed at the 14th edition of Arabian Hotel Investment Conference, which will be held in Ras Al Khaimah from April 17-19, 2018.

Loading...