Invest in Yemen - Tourism


 
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Tourism

Overview:

The tourism industry in Yemen is, by every measure, on the rise. Since first recorded in 1990, tourist arrivals, average number of nights stayed and spending have all steadily increased. In 2008 tourist arrivals peaked at 405,000 (up from 379,000 the year before) indicating the trend remains positive (Ministry of Tourism, 2009). Projections from the United Nations World Tourism Organization estimate that tourism to Yemen will grow an average 10% until at least 2020; the rest of the Middle East will experience a 7% growth rate. Additionally, the World Travel and Tourism Council (WTTC) projects that the travel and tourism economy in Yemen will positively affect employment and increment export earnings from international visitors to 16.4% of total exports by 2019.

Source: SESRIC 2008

A total of 1234 hotels are distributed over Yemen’s 21 governorate offer 27,785 rooms and 52,891 beds. Sana’a alone accounts for 232 of those hotels, compared to Aden’s 143 and Hodeidah’s 98 touristic properties (Ministry of Tourism 2008). In 2004, tourists spent a total of 1,642,392 nights in Yemen; by 2007 that same number nearly doubled to 3,035,120 nights. Correspondingly, revenues for the same period of time climbed from an annual USD $213 million to $425 million.

Total Number of Tourists Visiting:
Number
Avg. Nights Stayed
Total Nights Stayed
Avg. Spent per day
Year
273732
6
1,642,392
$130
2004
336070
6
2,016,994
$130
2005
382332
6
2,293,992
135
2006
379390
8
3,035,120
140
2007

Growth Subsectors:
Yemen offers investors a rich touristic product largely unexploited. It caters to a wide range of touristic experiences and opportunities, most prominently in:
·         Ecotourism (beaches, deserts, green plateaus, mountains, oases and 150+ islands)
·         Historical tourism (UNESCO recognized cities and towns, unique architecture and archeological sites)
·         Cultural tourism (distinctive arts, music, food and authentic deep-rooted traditions)
·         Business tourism (shopping, conferences and festivals)
·         Adventure tourism (horse & camel riding, marine diving, trekking and mountain climbing)
·         Medical tourism (therapeutic mineral water baths in various provinces around the country)
·         Spiritual tourism (mosques and schools dedicated to the study and advancement of Islam)
Key man made attractions include: The Old City of Sana’a, Wadi Dhar, Shibam, Taiz and Zabid. Natural attractions are highlighted by the Haghier Mountains, Socotra Archipelago (a UNESCO recognized World Natural Heritage site) and Shibam, Hadramout (also known as the “Manhattan of the desert”).
Investment Opportunities:
Recent Successful and Ongoing Projects in the Tourism Sector
Name of Project
Owner or Company
Investment (USD Millions)
Location
Hotels and Motels
Hotel compound (5 stars)
Asas Land Co. Ltd.
7,571,674
Aden
Tourism Resort (4 stars)
Arabic Co. for
Development and Investment
5,954,619
Ibb
Aseed Sofitel Hotel (5 stars)
Aseed Co. for Tourism Hotels
1,717,951
Taiz
Games Garden
Jaber Ali Al Rahabi
1,350,202
Sana’a
Bir Al Azab Hotel (5 stars)
Tourism Investment Co. Ltd.
1,270,660
Sana’a
Sana’a Entertainment Compound
Al Manal Co. for Investment
1,269,035
Sana’a
Ibb Tourism Garden Hotel
(4 stars)
Mohammed Nagi Ali Alkhathy
1,145,833
Ibb
Furnished Compounds and Tourism Suites
Tourism Hotel and Suites (4 stars)
Anue Saidah Co. for Hotel Investment
5,226,130
Sana’a
4 C Tourism Compound
Abdullah Hussain Al Kotari
4,253,040
Sana’a
Tourism Suites (4 stars)
Ali Moh. Saleh al Matari
4,228,571
Sana’a
Albustan Hotel Suites (4 stars)
Albustan Co. Ltd. for Land Investment
3,949,340
Sana’a
Tourism Suites (4 stars)
Omar Saleh Ba Hamdoon
1,977,591
Sana’a
Tourism Beach Cabins, Resorts and Villages
Tourism Al Kadeer Resort
Mohammed Ahmed Al Kohaly
4,009,236
Aden
The Top Tourism Compound
The Specialized Co. Ltd. for
Tourism and Investment
3,538,043
Sana’a
Tourism Compound
Mohammed Nagi Ashaif
1,562,748
Sana’a
Land for Tourism Beach Resort
Al Murri Corporation for Contracting and Investment
247,718
Hodeidah
Tourism Diving Center
Socotra Dive Center
Norbert Shamdet
118,137
Hadramout
Restaurants
Kentucky Fried Chicken International
Yemen Co. for Nutrition
1,665,416
Sana’a
Top Tourism Restaurant
Antwan Gozif Al Ashker
1,507,537
Sana’a
Top Tourism Restaurant
Moraad Moh. Ashaibani
861,500
Sana’a
Selsilat Coffee Shop No. 1
Feem Co. for Nutrition
272,355
Sana’a
Top Tourism Restaurant
Tom Colemen
152,284
Sana’a
Top Tourism Restaurant
Nezar Adeen Saied Mohamed
100,678
Sana’a
TOTAL: 53,989,571 $

GIA can help:GIA Can help

Yemen’s tourism sector has already witnessed great success and is poised to attract even more. GIA will help investors learn more about industry opportunities and, when applicable, establish contact with the various Yemeni institutions and associations responsible for tourism management and growth including the Ministry of Tourism, the Yemen Tourism Promotion Board and the recently formed Yemen Tourism Development Company.

For further information on opportunities in tourism, please contact GIA’s expert in the field:
Name: Mr. Nabil Hadwan
Position: General Director of the Tourism Office
Language: Arabic
Tel: 967 1 517 446 / 262 963/3
Fax: 967  1 262 964
Mail: tourism@giay.org
 
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  Address:
P.O Box: 19022
26 Al-Quds Street, Southern Al-Safia
Sanaa, Republic of Yemen

Tel: (+967) 01 262-962 /3
Fax: (+967) 01 262-964
E-mail: info@giay.org


 
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