United Arab Emirates and Oman offer investors the best opportunities
The United Arab Emirates (UAE) and Oman offer hospitality investors the best opportunities over the next two years, according to a new report.
Hospitality MarketWatch, released at the Arabian Hotel Investment Conference last week, rated the UAE as having the best deal environment of the Gulf Corporation Council (GCC) - an economic trading block consisting of the UAE, Oman, Qatar, Bahrain, Saudi Arabia and Kuwait.
Real estate and hospitality advisor RSP Group's report ranked the GCC countries by a series of measures to give an overall rating out of five.
Topping the poll was UAE with 4.2, closely followed by Oman with 3.7.
Blair Hagkull, managing partner at RSP Group, said the UAE and Oman stood out because of new opportunities in each country.
"The potential to develop beach tourism to compliment a strong corporate demand is ripe, and both countries are working hard to position themselves as tourism destinations on a global scale," he said.
It adds that the Governments in both locations are supportive and the regulatory environment is easing and prime land is accessible.
RSP Hospitality Investment Ranking table
| UAE | 4.2 |
| Oman | 3.7 |
| Qatar | 3.3 |
| Bahrain | 3.3 |
| Saudi Arabia | 2.7 |
| Kuwait | 2.3 |
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By James Garner
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