Nakheel leads hospitality makeover


Nakheel leads hospitality makeover
Sanjay Manchanda

Dubai - Nakheel's presentation covered the future of hospitality and leisure development in Dubai.

By Staff Report

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Published: Wed 30 Sep 2015, 12:00 AM

Last updated: Wed 30 Sep 2015, 10:24 AM

Nakheel has 10 hotels planned for Dubai over the next five years. The developer is also bringing a range of retail projects to the emirate, providing fresh opportunities for new F&B concepts.
Sanjay Manchanda, chief executive officer (CEO) of Nakheel, highlighted Dubai's growing hospitality scene in his keynote speech on day two of The Hotel Show.
"Nakheel is currently spearheading the massive development under way in Dubai. Hospitality is an industry that cannot be ignored, contributing to 7.1 per cent of Dubai's gross domestic product and with 96,000 rooms forecast to be in the market by 2018. Guest numbers have increased by 42 per cent over the past five years, while Emirates airline has done an excellent job in helping Dubai International Airport to become the busiest in the world," he said.
Nakheel's presentation on 'Shaping the face of the retail and hospitality landscape in Dubai' covered the future of hospitality and leisure development in Dubai.
He added: "Dubai is now an international city on the world stage, yet it only started developing 25 years ago. It now contains eight per cent of the world's high-rise buildings. To put this in context, the average age of high-rise buildings in Manhattan's skyline is 37, compared to those in Dubai at eight years old. As a Dubai-based master developer behind some of the largest, best-known developments in the world, we are uniquely positioned to bring a range of innovative new concepts that will further enhance Dubai's hospitality offering," Manchanda said.
He added: "As one of the world's leading developers, Nakheel continues to deliver a wide range of projects in line with the Government of Dubai's vision for 2021."
Nakheel also highlighted its most recent major development, The Pointe at Palm Jumeirah. Currently under construction, the development will include fountain shows, promenade and a variety of waterfront spots for dining, shopping and socialising.

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