Mudon Group called for expansion in the establishment of entertainment, tourism and commercial facilities in Kuwait in the upcoming years.
Mudon Group has called for the expansion of entertainment, tourism,
and commercial facilities in Kuwait in the upcoming years to align with the
government's plans aimed at rejuvenating both foreign and domestic tourism
sectors within the framework of the strategy to diversify income sources and
Kuwait's vision until the year 2030.
The group detailed in a specialized report that despite the growth
in the number of entertainment, tourism, and commercial establishments in
Kuwait in recent years, these sectors still offer significant investment
opportunities due to the expected growth in demand for their units as plans and
programs to boost foreign tourism flows, which revolve around 200 thousand
tourists annually, compared to flows of up to 20 million tourists annually in
neighboring countries.
The report clarified that although Kuwait needs to construct more
facilities in this sector and intensify efforts to attract foreign tourists,
the statistics indicate a considerable number of existing facilities that can
be optimized through improved management to enhance the tourism sector's
potential.Furthermore, the report revealed a clear shortage in the hotel
sector, with the number of hotels classified by the Civil Information Authority
not exceeding 90, with most of them concentrated in the governorates of the
capital, Hawalli, and Ahmadi, in contrast to several unclassified hotel apartment
buildings.The report strongly emphasized the importance of swiftly enhancing
Kuwait's tourism capabilities by expanding the provision of hotel management
services. This would involve transforming and rehabilitating numerous
hospitality establishments into facilities qualified to attract a more diverse
range of internal and external tourists, catering to various classes and
levels. Moreover, the report highlighted that collaboration between leading
real estate management companies in Kuwait and specialized hotel management
firms locally and globally presents a valuable opportunity to advance this
critical sector. Such collaboration would benefit owners of facilities in need
of rehabilitation and management and contribute to the overall development of the
tourism sector.