Bawadi participates in Arabian Hotel Investment Conference for second consecutive year

For the second consecutive year, Bawadi is the platinum sponsor of the conference that is being held under the patronage of His Highness Sheikh Ahmed Bin Saeed Al Maktoum, President of the Dubai Civil Aviation Authority and Chairman and CEO of the Emirates Group.

Reflecting the dynamism of the burgeoning hospitality investment sector in the Middle East, AHIC has brought together regional and international industry leaders, investors, developers, operators, financiers, consultants, architects and design specialists.

In a panel discussion held today, Arif Mubarak CEO of Bawadi, presented key forecasts for the region's hospitality sector over the next 10 years, and highlighted details of the landmark projects taking shape at the Dhs200bn destination.

According to recent studies, Dubai registered a 6.9% increase in hotel rooms and flats in 2006, bringing the total to 40,862, which is expected to increase by a CAGR of 32.7% over the period 2007-2011.

Arif Mubarak said:

"As one of the most effective business networking platforms, the Arabian Hotel Investment Conference in Dubai enables us to showcase the progress of our various components to leading investors from the region. Apart from comprehending the sheer magnitude of the Bawadi project, the delegates are also demonstrating keen interest in the massive scale of the emirate's investments across the hospitality sector".

Projected to stimulate direct growth in the tourism industry within the UAE through setting new benchmarks in architectural, retail and cultural excellence, Bawadi is fast taking shape as the world's largest hospitality and leisure development.

The luxury destination will feature 51 uniquely themed hotels with more than 60,000 rooms, including the 6,500 room-Asia Asia.