Kuwait achieves new economic milestones

The mega projects showcased at KIF 2018 to boost infrastructure development are being implemented as per schedule.
Updated 16 December 2018
0

Kuwait achieves new economic milestones

Kuwait picked up the pace to accomplish further milestones in its efforts to achieve the pillars of the National Vision 2035 for “New-Kuwait,” of which was the convening of the second edition of the Kuwait Investment Forum (KIF 2018).

Sheikh Dr. Meshaal Jaber Al-Ahmad Al-Sabah, director general of Kuwait Direct Investment Promotion Authority (KDIPA), said: “KIF 2018 sought to showcase the serious resolve of the government to streamline the business environment and ensure that Kuwait’s investment climate is sufficiently attractive to interested investors, through the concerted efforts of both the public and private sectors to advance the promising sectors, and launch megaprojects.”

This will duly fulfill the overall commitment to diversify the national economy and to foster the country’s real wealth, its creative and talented youth.”

These efforts, following the KIF 2018, included important steps taken to enhance Kuwait’s international position, and build an extensive network of strategic relations with major countries. In this regard, Kuwait signed several agreements and MoUs during the state visit of Kuwaiti Emir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah to China in July. These agreements cover a broad framework of activities including trade exchange, infrastructural projects, development of industrial and technologically advanced zones, as well as supporting Kuwait’s participation in the Belt and Road Initiative. 

Furthermore, in September, the emir held a roundtable with leading American business executives to further strengthen trade and economic relations between the two nations. 

The mega projects showcased at KIF 2018 to boost infrastructure development are being implemented as per schedule. 


Millennium MEA confirms rights to Makkah hotel

The five-star Makkah Millennium Hotel is the closest hotel to the Holy Mosque, located by the Holy Haram Piazza in front of King Fahd Gate.
Updated 16 June 2019
0

Millennium MEA confirms rights to Makkah hotel

Millennium Hotels and Resorts Middle East and Africa (MEA), a hotel management company in the region, has addressed its guests with deep regrets for the inconvenience they might have encountered during their stay at Makkah Millennium Hotel and Towers.
“It is with regret that Millennium and Copthorne had announced that on June 13, 2019 the owner of Makkah Millennium Hotel and Towers had unlawfully, and in contrary to the terms of the operating and management agreement, interfered with the exclusive rights of Millennium in the management and operation of the hotel and towers,” the company said in a press release.
“Millennium disagrees with the owner’s acts and had commenced proceedings to remove this interference and confirm Millennium’s exclusive rights to manage and operate the hotel and towers without interference from the owner or others.
“Millennium regrets any inconvenience this situation has caused or may continue to cause to its guests.”
The company said it is pursuing all available legal courses of action inside the Kingdom, and is confident of the Saudi judiciary system in the protection of rights and imposing of justice.
Operating 4,067 keys in the Kingdom, Millennium Hotels and Resorts MEA has affirmed its commitment to the Saudi market and pledged to continue its efforts toward tourism, travel and hospitality sectors in Saudi Arabia to achieve the goals of Vision 2030 and beyond.
Millennium Hotels & Resorts is a global hotel company, which was founded in 1989, on the vision of its chairman, Kwek Leng Beng, who leads Singapore’s Hong Leong Group. With almost 40,000 rooms worldwide, the company currently operates 40 hotels, has 14 hotels due to open this year and 35 hotels in the pipeline across the region.
The five-star Makkah Millennium Hotel is the closest hotel to the Holy Mosque, located by the Holy Haram Piazza in front of King Fahd Gate.
The luxury hotel features direct views of the Grand Mosque and the Holy Kaaba. The hotel has five restaurants, namely, Jasmin Café, Al-Fayhaa Restaurant, Al-Andalus Restaurant, Al-Noor Restaurant and Lagenda Restaurant.
Makkah Millennium Hotel is located close to many main attractions in the city, including important Islamic holy sites that are less than five miles away. Zamzam well, Jabal Al-Nour, Cave of Hira and the Makkah museum are some of the nearby landmarks, while other areas of interest close by include a large shopping mall, supermarket, and a variety of international restaurants and lounges.