Wednesday 22 October 2014
 
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GCC

New GCC joint energy projects planned

Bahrain could partner with other GCC countries to build power plants abroad, which will feed energy back into the power grid. A shared GCC power grid has been active for five years and until now has primarily been used to guarante

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GCC major player in $3.8 trillion petchem market

More than 10 per cent of the global petrochemical and chemical production worth over $3.8 trillion came from Gulf nations, said a top industry expert. "During 2012, the Gulf’s production capacity of petrochemicals and c

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GCC housing shortage to top 1m units by 2018

The young demographic structure of the GCC region is creating a surge in demand for housing that could lead to a shortage in excess of one million units by 2018, a report said. With the GCC region set to face a massive shortage of

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GCC investment on 'track’ to create opportunities

GCC economies are perusing investments in the right direction, addressing infrastructure needs and investing in sectors that will create more opportunities in the long run, said a report. Standard Chartered has published the lates

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Chivas launches ‘The Venture’ in GCC

Chivas Regal has launched ‘The Venture’ in the GCC, as part of a global search for the most promising social entrepreneurs - those with businesses or ideas that use enterprise and innovation as a force for good. &lsquo

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UAE, Saudi Arabia, Oman top Mice destinations in GCC

The UAE, Saudi Arabia and Oman have emerged as the top three meetings, incentives, conferences and exhibitions (Mice) destinations in the GCC. The number of international association meetings in the region has more than tripled over the

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GCC’s travel catering business to grow 5pc annually

The GCC travel catering market is expected to witness an annual growth rate of five per cent, a recent report said. This is due to the rapid increase in passenger volumes, expansion of GCC airline fleets and the high priority given to t

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GCC plans unified tourist visa system

The Gulf Cooperation Council (GCC) countries have planned to start a joint tourist visa system by first targeting expatriates, according to a report. Expatriates with valid residency permit of a GCC state would be issued a unified

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GCC tourist numbers increase at Mazagan resort

Mazagan Beach and Golf Resort, a leading destination in North Africa, said there has been a rise in inflow of GCC tourists to the resort during the first nine months of the year. Stephan Killinger, president, attributed this growi

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GCC infrastructure contract awards to top $45bn in 2014

Infrastructure contracts worth more than $45 billion will be awarded in the GCC by the end of the year, double the value of contracts ($22.6 billion) given in 2012, said a report. The lion's share of the contracts will focus o

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