DUBAI: The USD 13 billion investment in its transport infrastructure has given a boost to Kuwait’s tourism sector.
“Kuwait is now midway through its latest five-year tourism plan, which has leisure sector growth as its primary focus.
“This is supported in the mid to long term by an investment of USD 6 billion to expand the capitals airport, with a second terminal by 2016, and a new USD 7 billion metro system which will be operational by 2020,” Mark Walsh, Portfolio Director, Reed Travel Exhibitions, said during an event in Kuwait.
Meanwhile, the leading investment bank Alpen Capital in its GCC Hospitality industry report said the GCC hospitality market is likely to grow at an annual rate of 8.1 per cent to USD 28.3 billion by 2016 compared to USD 19.2 billion in 2011.
The development of Kuwait’s existing leisure and business infrastructure is also set to drive new inbound business, it said.
The steady tourism growth over the last decade has led to a 13 per cent rise in international tourist arrivals in the country for the period 2001-2011, with tourism receipts of USD 5.3 billion in 2011.
-PTI
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