In today's Arabic press, the UAE's daily Al Bayan newspaper reveals that trade between Hong Kong and the UAE reached 3.1 billion dirhams ($844 million) in 2006.
The figure is set to rise in the coming years, according to the report, which cited statistics released at a recent press conference but did not give a comparative figure for 2005.
Hong Kong companies have recently been participating in Dubai trade exhibitions to tap the growth opportunities not only in the UAE but beyond the region.Both sides are looking to strengthen bilateral relations and growth opportunities, especially within tourism and trade.
Also in the UAE today, Al Bayan reports that Dubai has issued 35 new licences for development of new hotels in the emirate so far this year.
The department has signed 109 initial agreements for hotel developments in the first six months of the year, director general of the Dubai Department of Tourism and Commerce Marketing (DTCM) told the newspaper.
The DTCM on Monday announced that a new system will be in place soon to introduce the concept of self-catering hospitality accommodation to Dubai's booming tourism industry.
The new category of accommodation is expected to help meet the emerging demand of the market and is set to be a value-addition to the emirate's tourism industry. Source
The figure is set to rise in the coming years, according to the report, which cited statistics released at a recent press conference but did not give a comparative figure for 2005.
Hong Kong companies have recently been participating in Dubai trade exhibitions to tap the growth opportunities not only in the UAE but beyond the region.Both sides are looking to strengthen bilateral relations and growth opportunities, especially within tourism and trade.
Also in the UAE today, Al Bayan reports that Dubai has issued 35 new licences for development of new hotels in the emirate so far this year.
The department has signed 109 initial agreements for hotel developments in the first six months of the year, director general of the Dubai Department of Tourism and Commerce Marketing (DTCM) told the newspaper.
The DTCM on Monday announced that a new system will be in place soon to introduce the concept of self-catering hospitality accommodation to Dubai's booming tourism industry.
The new category of accommodation is expected to help meet the emerging demand of the market and is set to be a value-addition to the emirate's tourism industry. Source
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