OBG says Ras Al Khaimah has made major efforts to market its mountains and coastlines which until recently were destinations only for the intrepid traveller.
'Major upgrades to the airport and road networks have opened up access to the emirate and with a string of new hotel developments, its tourism industry could benefit massively,' said Andrew Jeffreys, Editor-in-Chief of OBG's Emerging Market series.
OBG says from its past year of UAE research, the Northern Emirates, made up of Ras Al Khaimah, Sharjah, Fujairah, Ajman and Umm Al Quwain, are vital to the country's future development.
'Each emirate has unique characteristics and development strategies. For example Sharjah was one of the region's most important hubs and has clearly benefited from Dubai's aggressive expansion,' added Jeffreys.
'Fujairah will also benefit from a number of infrastructure projects like increases in hotel rooms and further development of the airport. Ajman, the smallest of the seven emirates, has good untapped possibilities. Its location, just to the north of Sharjah, means that it has access to just about any point in the country and could provide attractive housing and office space.'
Jeffreys added that investors are starting to sink money into Umm Al Quwain, taking advantage of the emirate's reasonable land prices.
The Northen Emirates' future outlook and its growing importance to the region will be featured in the first 'Emerging Northern Emirates 2006' series, produced by OBG. It will provide comprehensive overviews and analysis of each emirate's political and macroeconomic environment, as well as trends in all the major economic sectors, including banking, capital markets, insurance, I.T. and telecom, real estate and construction, tourism, energy and media.
'We will seek to understand what makes each emirate tick. Tourism, in the form of dramatic scenery and cultural heritage is a cornerstone of several of the emirates' plans to attract investment. The industrial, real estate, transportation and energy sectors will also be areas that we will be looking at closely in coming months,' added Jeffreys.
Emerging Northern Emirates 2006 will be launched in August.
Ras Al Khaimah among UAE's strongest emerging tourism spots says Oxford Business Group
The emirate of Ras Al Khaimah in the United Arab Emirates could become one of the country's strongest tourism destinations, according to Oxford Business Group (OBG), the UK-based publishing, research and consultancy services company and the name behind the authoritative Emerging Markets economic, political and business annuals.
- United Arab Emirates: Tuesday, April 18 - 2006 at 14:58
- PRESS RELEASE
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Notes and media contacts
About Oxford Business GroupOxford Business Group (OBG) is a UK-based publishing, research and consultancy services organisation. It publishes economic and political intelligence on the emerging markets of the Gulf, the Levant, North Africa, Southern Africa, South East Asia and the Southern Balkans. Through its range of print and online products, OBG offers comprehensive and accurate analysis of political, macroeconomic and sectoral developments, including banking, capital markets, energy, infrastructure, industry and insurance.
Written by a team of seasoned analysts based on the ground for six months, the critically acclaimed Emerging Markets series of economic, political and business annuals have become the leading source of intelligence on specific countries in emerging regions. OBG's online economic briefings provide up-to-date in-depth analysis on the issues that matter for thousands of subscribers worldwide. OBG's consultancy arm offers tailor-made market intelligence and advice to firms currently operating in emerging markets and those looking to enter them.
In the Gulf and Levant, OBG publishes Emerging Dubai, Emerging Abu Dhabi, Emerging Kuwait, Emerging Bahrain, Emerging Qatar, Emerging Oman, Emerging Lebanon, Emerging Jordan, Emerging Egypt and Emerging Syria.
In the pipeline are Emerging Northern Emirates and Emerging Saudi Arabia.
For further information: Sarada Chellam, MCS/Action, PO Box 20970, Dubai, United Arab Emirates. Tel: +9714 390 2960; fax: +9714 390 8161.
Anne-Birte Stensgaard, Senior News EditorTuesday, April 18 - 2006 at 14:58 UAE local time (GMT+4)
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This Article was updated on Saturday, May 26 - 2007
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