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UN tourism chief: Egypt tourist industry will survive

UAE-based Tourism Development and Investment Co (TDIC) has said it can break even this year for the first time, despite having suffered a Dhs1.2bn ($326.6m) loss in 2011, The National has reported. TDIC had delivered a number of projects last year that helped to increase the value of operating assets by 147% to more than Dhs9bn, it said. The projects included the St Regis Saadiyat Island Resort, Monte-Carlo Beach Club, and the Westin Abu Dhabi Golf Resort & Spa. "2011 was a very significant year for TDIC, as we delivered a number of our high-profile hospitality assets in Saadiyat and Abu Dhabi," said Sultan Mohamad Al Mahmood, TDIC executive director of strategic performance.