Dubai to have over 1500 new 5-star hotel rooms to cope with demand for Dubai 2003
- United Arab Emirates: Sunday, September 15 - 2002 at 15:37
- PRESS RELEASE
The organisers of Dubai 2003 have announced that the city will have over 1500 new 5-Star hotel rooms in the city to serve the requirements of the estimated influx of over 16,000 visitors expected to arrive in September 2003 for the 58th Annual Meetings of the Boards of Governors of the World Bank and International Monetary Fund.
Dubai 2003 General Coordinator, Mr Ibrahim Belselah, said: "An event as prestigious as the Annual Meetings of the World Bank and IMF needs to have a range of world-class hotel accommodation available for the high level political and financial leaders of the world who will be attending the 58th Annual Meetings.
"The members of the Accommodation Committee have been working tirelessly to ensure the success of this aspect of the event. We are fortunate to have so many committed and talented people among the 10 specialist committees to manage this complex and prestigious project."
Mr. Ahmed Al Banna is Assistant General Coordinator of Dubai 2003 and Head of the Accommodation Committee and leads a team comprising senior representatives from the hotel and tourism industry in Dubai.
"Our Committee has been working to ensure there are sufficient quality hotel rooms available in Dubai to accommodate the requirements of this major event and meet the needs of over 16,000 visitors."
Major new hotel developments include the Grand Hyatt in Garhoud that will have 674 new rooms, the Shangri-La on Sheikh Zayed Road with 301 rooms and the Novotel and Ibis hotels that are being developed next to the new Convention Centre that will host the meetings. These two hotels will create 412 and 210 new rooms respectively.
The additional rooms from these hotels will mean that Dubai will have sufficient hotel rooms to handle the representatives and visitors from 184 countries who will be coming to the United Arab Emirates for the event.
"This is an opportunity for us to showcase the UAE and Dubai to the world and we need to ensure that the accommodation and facilities that we offer our guests are of a world class standard and reflect the warm and traditional welcome offered by an Arab country," added Mr Belselah.
The Accommodation Committee has already ensured that block bookings have been undertaken at every major hotel in Dubai to ensure availability for the delegations. Final arrangements to decide on which delegation will be allocated to which hotel will be made in coordination with representatives of the Joint Secretariat of the World Bank and IMF.
Work is also in progress to organise and manage the requirements of the private sector for arranging functions, meetings and receptions that will be undertaken by private institutions during the Annual Meetings.
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Notes and Media Contacts »
For further information, please contact:
Raghida Haddad at Dubai 2003:
Tel: +971 4 222 5522 Fax: +971 4 222 6655
Website: www.dubai2003.ae
Kevin Hasler/Ghada Kammoun
Bates PanGulf PR, Dubai, UAE.
Tel: 971 4 2224161; Fax 971 4 2247839
About Dubai 2003
Dubai 2003 is the body responsible for hosting the Annual Meetings of the Boards of Governors of the World Bank Group and the International Monetary Fund in Dubai in September 2003. Part of its mandate is to coordinate the construction of the Dubai International Convention Center, which will have a seating capacity of 6,000 people, 25 meetings rooms and a total floor area of 8,100 square meters.
Dubai 2003 was established by decree in 2000 by His Highness Sheikh Hamdan bin Rashid Al Maktoum, Minister of Finance and Industry and Chairman of Dubai 2003. The organization is made up of a Steering Committee, an Organizing Committee and 10 individual committees, which are responsible for the various elements of the event.
About the World Bank Group and International Monetary Fund
The idea underpinning the operations of the World Bank is the eradication of poverty through the assistance of sustainable growth and development. It lends over US$19billion annually to its member countries, with the focus being on the poorest people and the poorest countries. The purpose of the International Monetary Fund is to help member countries ensure a stable system of buying and selling their currencies.
Both were established in the late 1940s, in the aftermath of the Second World War and the Great Depression that had together caused enormous economic and social upheaval in the developed world.
There are now 184 member countries of both the Bank and the Fund. Each member country appoints a Governor and an Alternate Governor to carry out the decision-making responsibilities of the Bank. These Governors are usually officials such as Ministers of Finance or Planning and they meet only once a year. Because the meetings of the governors occur infrequently, the majority of their powers are delegated to the board of Executive Directors who are based in Washington and who usually meet two or three times a week to oversee the Bank's business. This business includes approving loans and guarantees, new policies, the administrative budget, country assistance strategies and borrowing, and financial decisions.
The Bank consists of five closely related bodies: the International Bank for Reconstruction and Development; International Finance Corporation; International Development Association; International Centre for Settlement of Investment Disputes and the Multilateral Investment Guarantee Agency.
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