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FINANCIAL NEWS
Abu Dhabi aims for 10% growth in tourism
04 May 2010
(MENAFN) The Chairman of the Abu Dhabi Tourism Authority (ADTA) said that the emirate aims for a 10 percent increase in tourist numbers by the end of the year and is also studying the prospect of a cruise terminal, WAM reported
He also said that Tourism Development Investment Company (TDIC), the company overseeing many of the emirate’s tourism developments, had sufficient liquidity to finance its future projects and was not considering any bonds issuances.
The sukuk market has become unattractive because the interest rate is high. We have enough liquidity to finance our future projects, the chairman said.
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