Qatar to allow 100% foreign investments in tourism-related activities

Published May 6th, 2004 - 03:00 GMT

Qatar's US$15 billion tourism master plan will get a further boost from the government's decision to allow 100% foreign investments in tourism-related activities, Qatar Tourism Authority (QTA) chairman Akbar al-Baker said Wednesday.

"We expect investments to go up to US$22 billion in our tourism industry in the next 8-10 years," al-Baker said at a press conference on the sidelines of the Ninth Arabian Travel Mart at the Dubai World Trade Centre.

According to the Gulf Times, he said Qatar's goal is to develop quality tourism. "All our projects will position us as a high quality destination for cultural tourism, beach resorts, shopping, lifestyle, business and sports events.

"We expect our tourism growth to more than double in the next six years, from the 400,000 visitors that presently visit Qatar, to more than a million tourists in 2010," he said. (menareport.com)