Covid-19 may limit Saudi Arabia tourism expansion | News

first_imgGlobalData forecasts that Saudi Arabia’s international arrivals will reach 21 million by 2024. Ben Cordwell, tourism analyst at GlobalData explains that does not mean that Saudi Arabia cannot become a dominant force in the Middle East destination market.“The Red Sea Project is looking to establish Saudi Arabia as a luxury tourist destination which could attract many of the tourists that travel to Dubai each year, particularly high-spending travellers from the UK and China. – Advertisement – OlderMSC Magnifica suspends sailings until late December “Meanwhile, the capital city of Riyadh has the potential to establish itself as a premium luxury destination to rival Dubai.”Religious attractions and celebrations is already the main source of tourism in the country with millions of international visitors arriving to take part in the Hajj and Umrah. A more accessible Saudi Arabia could attract a greater number of Muslim visitors to these events each year.Cordwell continued: “Saudi Arabia is also home to historical sites dating back thousands of years, and so the country could become a hub for cultural tourism to the Middle East thereby diversifying the type of tourist that the country attracts.”Sports tourism is another area that Saudi Arabia is investing heavily in, recently hosting Anthony Joshua’s world title fight against Andy Ruiz. Hosting major sporting events provides Saudi Arabia with a major opportunity to market itself as a prime tourist destination.Cordwell concluded: “Saudi Arabia offers much that can attract a high number of international visitors each year. “The country has a number of initiatives in place to help achieve its ambitious tourist targets to 2030, but it remains to be seen how much of a limiting factor Covid-19 has on international arrivals over the coming years.”Image: KAEC NewerChile leads winners at 2020 Latin America World Travel Awards Saudi Arabia can become a regional tourism powerhouse, according to new analysis of the region. However, the country is unlikely to reach its optimistic annual visitor goals as the Covid-19 pandemic hits global travel. – Advertisement – The Middle Eastern destination is seeking to welcome 100 million guests annually by 2030, Fahd Hamidaddin, chief executive of the Saudi Tourism Authority, recently stating the country remained on track. However, this would mean a near six-fold increase in tourist arrivals over the next 11 years, from the 17 million visitors the country welcomed in 2019, argues GlobalData, a data and analytics company.An increase on this scale now appears overly ambitious, with the massive impact that the ongoing Covid-19 pandemic has had on global travel and tourism. – Advertisement – – Advertisement –last_img read more

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Siemens Gamesa Completes Credit Rating Trifecta

first_imgSiemens Gamesa Renewable Energy (SGRE) has been assigned a BBB long-term credit rating with stable outlook by Fitch.The agency attributes the rating to Siemens Gamesa’s consolidated leading position in the wind industry, with the necessary technical capabilities and scale to compete globally in an industry that is concentrated, volatile and highly competitive, Siemens Gamesa said.Fitch also noted the company’s geographical and industrial diversification, which enable it to be close to the customer in core markets while also enhancing logistics and operational costs. It also referred to the company’s solid financial profile, in line with an investment grade rating within the capital goods sector.This rating follows those assigned by Standard & Poor’s (BBB-, outlook positive) and Moody’s (Baa3, outlook stable).David Mesonero, CFO of Siemens Gamesa, said: “We are the first producer of wind generators to have a credit rating from all the big three agencies. This further underscores our sound financial position and leading status in the industry.”last_img read more

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Over sixty athletes named in the Guyana squad for SA Junior Championships

first_img…encampment and training began last weekendA SQUAD of a whopping 65 athletes, drawn from 11 different clubs, has been put together by the Athletics Association of Guyana (AAG for next month’s South American Junior Championships, set for the National Track and Field Centre at Leonora from June 3 to 4.The squad will be led by the athletes who recently represented Guyana at the CARIFTA Games, including gold medallists Compton Caesar, Chantoba Bright, Claudrice McKoy, Natrena Hooper, and silver medallist Anfernee Headecker.The list includes several athletes from clubs outside of Georgetown, apart from Linden. The squad includes Super Upcoming Runners’ athletes from Berbice, while Region One athlete Ricky Williams is listed as representing athletes from Mercury Fast Laners Club.The team also includes at least two overseas-based athletes in Hooper and Guyana Defence Force’s Collia Rowe.A one-month intermittent encampment, began last weekend, May 5, and will conclude on May 28. The athletes will be housed at the National Gymnasium, Mandela Avenue.They are being trained by a number of coaches including Anson Ambrose, Johnny Gravesande, Julian Edmonds, Christopher Gaskin, Moses Pantlitz, Robert Chisholm, Rawle Griffith and Quincy Clarke, as well as Kenisha Headley.CARIFTA Games gold medallist Chantoba BrightLooking to use home-ground advantage, the AAG hopes to have maximum participation at this international meet. Guyana will be allowed two athletes per event. The competition comprises 41 individual and four relay events.However, meeting a maximum quota of three athletes in all the events will pose somewhat of a problem for the local side, since Guyana does not traditionally train for or participate in several athletic events.Guyana will be challenged to field athletes in the hurdles as well as the pole vault, steeplechase, hammer throw, decathlon and hepthalon events. Notwithstanding this, Guyana over the past few years made a few small strides in the participation of hurdles events.Manager for the team, Cornel Rose, told Chronicle Sport that the issue is being looked at, and that by next weekend an assessment will be done to know if Guyana will be able to find athletes for these non-traditional events.“We’re trying to, but based on what we see (next) weekend here, we will be able to make a definite decision on that. The coaches are working on that,” Rose explained.Moreover, not all of the athletes on the long list may necessarily make up the final team, as the athletes “will be required to meet set guidelines for further selective process,” according to Rose.last_img read more

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