Qatar-based UrbaCon Trading & Contracting has called for more investments in the tourism sector as it has generated significant revenue for the economy in the Gulf states in 2015.

Moataz Al-Khayyat, CEO of UrbaCon, said: “The high occupancy rates in hotels and the big number of foreign visitors to GCC will lead public and private sectors to increase the investment in tourism especially by building up more hotels.”

“As a fresh example, Qatar received nearly 2.25 million visitors until September-end so the number of foreign visitors rose by 8 per cent in the first nine months of 2015 compared to the same period last year,” Al Khayyat noted, announcing that UrbaCon Trading & Contracting will capitalise on this growth by building up more hotels in Qatar and the region.

“The tourism sector’s positive results in GCC in 2015 are a good indicator and alarm that we should do much more to face the future challenges and protect the tourism sector as one main sources of the economic growth in GCC,” he said.  

UrbaCon Trading & Contracting has been involved in several huge projects over the last few years and has become one of the most respected building contractors in Qatar. In addition to the Mall of Qatar, included among its projects are the Banana Island Resort, the Sheraton Doha Hotel and Convention Center, and the Lekhwiya Stadium at Al Duhail. – TradeArabia News Service