Leading British Co. posted on Abu Dhabi tourist vistas

The acknowledgment came following a visit paid by a Coller Capital delegation headed by its CEO Jeremy Coller to the Emirate during which they have been posted on the current tourist projects being implement and those announced over the past period that are all put at AED 200 billion to be spent over the 10 years to come.

"The increasing number of tourists descending on the city have fructified in a large number of investment opportunities in the tourist sector or its ancillary areas."

On his part, Mubarak Hamad Al Muhairi, Abu Dhabi Tourism Authority Director General, said the Emirate is enjoying an economic U-turn of a great avail to the private sector." The open-door policy adopted has reflected positively on the private sector's contribution to the tourist development projects, including Al Saadiyat Island project, reckoned one of the largest tourist development projects region-wide."

Coller said his company is planning for establishing a new oil & gas company and mulling over several options as to its location, noting that the resounding tourist success notched by the Emirate recommends it to be an ideal place for the embryonic company.

"It's great to know that the Emirate boasts such a clear-cut vision. The tourist presentation we got about the Emirate's potential is a model to be copied for any country wishing to achieve high economic growth rates."

Coller Capital, whose worldwide businesses are valued at over $8 billion, $500 million of which in the Gulf region, held its annual meeting at Emirates Palace hotel in Abu Dhabi over the past few days during which they have been updated on the key development projects implemented by the Emirate at present.