By 2022, tourism infrastructure investment will reach US$56 billion

Thursday, April 12, 2018

By 2022, capital investments in terms of tourism infrastructure are anticipated to reach US$56 billion, with the UAE positioning the most competitive in the region, propelled by the development of manifold revolutionary transport projects, as per the recent research published ahead of Arabian Travel Market (ATM) 2018.

 
According to Colliers International, Arabian Travel Market’s research partner, lightening-speed, innovative Hyperloop train systems mutually combined with the Haramain High Speed Railway, the development of the main international airports in Saudi Arabia and airport expansion in the UAE, Bahrain, Oman and Kuwait are few projects estimated to change tourism infrastructure development in the GCC.
Tourism infrastructure will be displayed in the programme at ATM 2018, which will be organized at Dubai World Trade Centre from April 22nd till 25th, with Hyperloop and future travel experiences kicking off proceedings on Global Stage of ATM on Sunday 22nd April between 13.30 and 14.30. Richard Dean, a UAE-based business broadcaster and presenter, while moderating the session will be joined by a group of prestigious panelists like Issam Kazim, CEO, Dubai Corporation for Tourism and Commerce Marketing (DCTCM), Sir Tim Clark, President, Emirates Airline, and Harj Dhaliwal, Managing Director Middle East and India Operations, Hyperloop One.

 
To quote Simon Press, Senior Exhibition Director, ATM, “As we move towards an innovative and technologically-driven future, it is important to explore the impact ultra-modern travel infrastructure will have on the tourism industry in the UAE and wider GCC region. ATM’s opening session ‘Future Travel Experiences’ will explore this evolution as technological advances bring new and improved modes of transport to the market.”

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