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Uprising hits tourism sector in region
MUSCAT — The political turmoil in the Middle East is one of the major challenges facing the region’s tourism industry, according to Dr Bandar bin Fahd Al Fahaid, chairman of the Arab Tourism Organisation (ATO).
He said the prevailing conditions had ‘noticeably’ affected the sector, leading to a loss of more than $10 billion and over six million tourists.
Speaking to the official Oman News Agency (ONA), Fahaid said ATO was striving to mitigate the situation by organising conferences and seminars and designing events and programmes at reduced rates.
“We have also removed the taxes imposed on investors and provided them with investment guarantees,” he added.
He said in a bid to prevent migration of capital from the region, the organisation had signed an agreement with the Islamic Bank to provide insurance policies to guarantee investments and export credits.
It also coordinates with the Arab Tourism Ministers’ Council to ease facilities related to visas, he added.
Fahaid said work was under way to organise a major tourism conference and exhibition to attract more tourists to the Arab world, expressing hope that security and stability “will prevail in the Arab world and countries of the region will witness a good tourism season by the end of 2012 and the beginning of 2013”.
Praising Oman’s tourism development efforts, he said the sultanate’s hospitality sector enjoyed stability and security and boasted good infrastructure. Oman, he added, was in a position to claim a big share of the Arab tourism market, also referring to the choice of Muscat as the Arab Tourism Capital for 2012.
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