09.10.2024 Views

Finance World Magazine| Edition: October 2024

This month, we are pleased to present the October edition of Finance World Magazine, focusing on "Embracing the Future of Investment in the Middle East." Our cover story features Eng. Yaser Al Nuaimi, Acting Head of Infrastructure Partnerships at the Abu Dhabi Investment Office, highlights how the Public-Private Partnerships initiative is reshaping the investment landscape of the UAE. In this issue, we explore the integration of AI and personal finance, Dubai's strategic vision for FinTech and advancements made in the healthcare sector, followed by a special feature on "Finance in 2040" - a captivating time capsule of financial predictions.

This month, we are pleased to present the October edition of Finance World Magazine, focusing on "Embracing the Future of Investment in the Middle East."

Our cover story features Eng. Yaser Al Nuaimi, Acting Head of Infrastructure Partnerships at the Abu Dhabi Investment Office, highlights how the Public-Private Partnerships initiative is reshaping the investment landscape of the UAE.

In this issue, we explore the integration of AI and personal finance, Dubai's strategic vision for FinTech and advancements made in the healthcare sector, followed by a special feature on "Finance in 2040" - a captivating time capsule of financial predictions.

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

Travel News<br />

India, UAE Firms Cash In on Abu Dhabi Mega-Events Demand<br />

Indian and UAE businesses are set<br />

to profit as demand spikes for Abu<br />

Dhabi’s major upcoming events.<br />

Travel platforms like MakeMyTrip and<br />

EaseMyTrip, along with Rayna Tours in<br />

Dubai, have launched tailored packages<br />

for IIFA <strong>2024</strong>, the Abu Dhabi Grand Prix,<br />

and the Coldplay concert. EaseMyTrip,<br />

the official travel partner for IIFA, offers<br />

exclusive deals ranging from $442 to<br />

$777, including event passes, premium<br />

Aldar to Invest $410M<br />

in Hospitality Portfolio<br />

Revamp<br />

Aldar will invest AED 1.5B ($410M)<br />

to revitalise its hospitality<br />

portfolio, partnering with global<br />

luxury brands like Waldorf Astoria and<br />

Vignette Collection, marking their debut<br />

in Abu Dhabi. The initiative aims to<br />

upgrade Aldar’s hotel assets into luxury<br />

resort-style destinations to meet growing<br />

demand for premium hospitality in the<br />

emirate. In collaboration with Hilton,<br />

the Eastern Mangroves hotel will be<br />

rebranded under Waldorf Astoria, while<br />

Yas Plaza and the former Tilal Liwa desert<br />

resort will adopt the Vignette Collection<br />

brand. Yas Plaza Hotels will become the<br />

world’s largest Vignette Collection resort.<br />

Aldar CEO Talal Al Dhiyebi highlighted<br />

the UAE’s focus on becoming a leading<br />

global tourism hub. Abu Dhabi’s ambitious<br />

tourism strategy targets 39.3M visitors by<br />

2030, bolstered by the opening of Zayed<br />

International Airport’s new terminal and<br />

world-class attractions.<br />

accommodation, and airport transfers.<br />

Rayna Tours provides tickets priced<br />

between AED 350 and AED 450. The<br />

IIFA Awards, scheduled from 27 to 29<br />

September at Yas Island, are returning to<br />

Abu Dhabi for the third time, with hosts<br />

Shah Rukh Khan, Karan Johar, and Vicky<br />

Kaushal leading the event. The show<br />

promises an unforgettable experience of<br />

music, dance, and entertainment.<br />

ASB Hospitality Appoints Dutco for UAE’s First<br />

Beachfront Gran Meliá<br />

ASB Hospitality has appointed<br />

Dutco Construction as the main<br />

contractor for its upcoming<br />

Gran Meliá Hotel in Dubai Jumeirah,<br />

marking the brand’s first beachfront<br />

property in the UAE. Situated on the<br />

prime headland of Port De La Mer, the<br />

development spans 31,066 sqm, featuring<br />

a gross floor area of 42,522 sqm and<br />

a built-up area of 88,909 sqm. The resort<br />

will offer stunning views of the Arabian<br />

Gulf from three sides, alongside vistas<br />

of the Dubai skyline. CEO Heddo Siebs<br />

stated that this collaboration with Meliá<br />

Hotels International aims to create an<br />

exceptional guest experience. Nelson<br />

Gibb, CEO of Dutco Group, expressed<br />

enthusiasm for the project, which will<br />

include 380 rooms and 31 exclusive<br />

suites, each offering breathtaking sea<br />

and city views.<br />

Saudi Arabia Leads G20 with 73% Rise in<br />

Tourism<br />

Saudi Arabia has achieved the highest<br />

growth in international tourism<br />

among G20 nations in the first seven<br />

months of <strong>2024</strong>, according to the latest<br />

United Nations Tourism Organisation data.<br />

Compared to 2019, the Kingdom saw a<br />

remarkable 73% increase in international<br />

tourist numbers and a staggering 207%<br />

rise in tourism revenues, as highlighted<br />

in the September <strong>2024</strong> <strong>World</strong> Tourism<br />

Barometer. Approximately 17.5 million<br />

international visitors arrived during this<br />

period, underscoring Saudi Arabia’s<br />

growing global appeal. In 2023, the<br />

Kingdom welcomed 27.4 million tourists,<br />

marking a 56% increase from 2019. The<br />

International Monetary Fund has praised<br />

these achievements as vital to Saudi<br />

Vision 2030, noting the tourism sector’s<br />

significant role in economic diversification,<br />

visitor spending, job creation, and GDP<br />

contribution.<br />

106 www.thefinanceworld.com Oct <strong>2024</strong>

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!