Palestine hotel room count ‘to double’

Political artist Banksy — whose artworks sell for millions of dollars — opened his “Walled Off” hotel in Bethlehem earlier this year. (Reuters)
Updated 11 November 2017
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Palestine hotel room count ‘to double’

LONDON: Palestine’s hotel room count is set to double by the end of the decade.
Elias Al-Arjah, who is chairman of the Arab Hotel Association and the owner of The Bethlehem Hotel, predicts that the number of hotel rooms in the country will rise from 6,000 to 10,000 by 2020.
Speaking on the sidelines of London’s World Travel Market, Al-Arjah told Arab News: “In Bethlehem in 1994, before the peace process, we had 800 rooms, now we have 4,000 rooms. We are growing faster than our neighbors, such as Tel Aviv and Amman.”
The Arab Hotel Association (AHA) — which represents 120 hotels throughout the West Bank and East Jerusalem — is tasked with promoting tourism to the region through events and marketing.
The AHA chairman said: “Most Palestinian tourism is religious, but there is about five percent of tourism which is cultural and historical.” Al-Arjah said that Palestine and Israel are “working together” to promote Jerusalem as a tourist site.
“When the tourists come, they come to see more than East Jerusalem, they want to see all of the holy sites. Business-wise, we are working together with Israel, even if there is very bad political conflict,” Al-Arjah said.
“Our area has been quiet and there has been no problems in the last three or four years — it has been a good situation. Thank God there is no conflict, so there are more tourists,” he said.
According to the UN World Tourism Organization (UNWTO), Palestine is the world’s fastest growing tourism destination. The country saw a 57.8 percent increase in international arrivals in the first half of this year, compared to the first half of 2016.
Earlier this year political artist Banksy — whose artworks sell for millions of dollars — opened his “Walled Off” hotel in Bethlehem. The hotel, which the artist described as having “the worst view of any hotel in the world,” exists both as a hotel and a museum space that explains the turbulent history of the region. Rooms start at $60 and go up to $965 for the presidential suite.


UAE to loosen visa rules for investors and innovators

Updated 21 May 2018
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UAE to loosen visa rules for investors and innovators

  • UAE cabinet announces the launch of an integrated visa system to attract talent and talent in all vital sectors of the national economy
  • The Council also announced changes in the system of foreign ownership of companies in the country, which allows the acquisition of 100% of the global investors by the end of the year

DUBAI: The United Arab Emirates, home to financial hubs Abu Dhabi and Dubai, is loosening its residency laws and will grant long-term visas for up to 10 years to investors and highly-skilled professionals.
The 10-year residency visas will be granted to specialists in science, medicine and research, and to “exceptional students.” The state-run WAM news agency says the plan aims to attract global investment and innovators.
The UAE Cabinet approved the new rules on Sunday, saying plans are also on track to allow foreign investors 100 percent ownership of their UAE-based companies this year.
His Highness Sheikh Mohammed bin Rashid Al Maktoum affirmed that the UAE will remain a global incubator for exceptional talents and a permanent destination for international investors. “The UAE has been open, governed by tolerance and contributed to by all who live on its land.
“Our open environment, tolerant values, infrastructure and flexible legislation offer the best opportunities to attract international investment and exceptional talent in the UAE,” he said. “Our country is the land of opportunity, the best environment for realizing human dreams and unleashing their extraordinary potentials.”
The new regulations include raising the percentage of global investors’ ownership in companies to 100% by the end of the current year. He directed the Ministry of Economy in coordination with the concerned parties to implement the decision and follow up on its developments and submit a detailed study in the third quarter of this year.
The new regulations approved by the Council of Ministers and the authorities concerned have also set the procedures for implementing them to grant investors residence visas of up to ten years for them and all members of their families, as well as granting residency visas of up to ten years for specialized competencies in the medical, scientific, research and technical fields.
The new regulations also include visas for students studying in the country for five years and a 10-year residency for exceptional students.
Under current laws, foreign companies must have an Emirati owning 51 percent of the shares, unless the company operates in a free zone. Major brands Apple and Tesla are believed to be exceptions to the rule.