AB Espresso: Ras Al Khaimah set for hospitality sector boom

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By 2030, the number of premium and luxury hotel rooms in Ras Al Khaimah is projected to triple, increasing the workforce to approximately 25,200 employees in the sector, according to Stirling Hospitality Advisors in its Ras Al Khaimah (RAK) Investment Pulse report. Ras Al Khaimah (RAK) is projecting GDP to grow by 80 per cent by 2030. Meanwhile, RAK population is expected to grow by 55 per cent from over 400,000 to approximately 620,000, mainly driven by expatriate influx.

In other news, Dubai Police force is known around the world for its famed supercar fleet of Lamborghini, Ferrari and Bugatti supercars, but on the streets another transport is making an impact: horses. The Dubai Mounted Police conducted 732 patrols in first half of year and are an important part of the city’s force.

On the transport front, Dubai’s Roads and Transport Authority (RTA) announced that the number of users of public transport and shared mobility means in Dubai — including Metro, Tram, public buses, marine transport, Taxis, e-hail vehicles, smart rental vehicles, and on-demand buses—reached about 361.2m in the first half of 2024. This represents a 6 per cent increase compared to around 340.5m users in the first half of 2023.

Aside from this, the number of Bahraini citizens employed between January and June 2024 reached 12,555, Jameel bin Mohammed Ali Humaidan, Minister of Labour, has announced. This represents 63 per cent of the annual target of employing 20,000 Bahrainis, as outlined in the Economic Recovery Plan.

Meanwhile, Saudi Arabia has approved new laws to encourage more investment in the Kingdom. New laws will enhance transparency and confidence for both domestic and international investors. It comes as foreign direct investment in Saudi Arabia soared to $215bn in 2024 and the Kingdom looks to attract more business from overseas to the country.

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