Egypt: from tough times to ambitious tourism targets
Having staved off an economic crisis in early 2024, Egypt is now looking to a raft of new mega-projects and tourism expansion to take the country forward. Nada Alameddine, managing partner at Hodema Consulting Services, maps out both the economic turbulence and the initiatives aimed at helping Egypt reach its goal of attracting 30 million visitors annually by 2028.
Saudi Arabia’s transformation: a new chapter unfolds
Saudi Arabia continues to roll out its impressive mega projects against a backdrop of record tourism demand, despite also having to accommodate a challenging external economic environment. Nada Alameddine, managing partner at Hodema Consulting Services, analyzes the strategies that the Kingdom is adopting for the next phase of its socioeconomic development, which include seeking out alternative funding options and new partners.
Iraq country report
In the face of tumultuous economic ordeals, Iraq exhibits encouraging strides in tourism and F&B sectors. Nagi Morkos, founder and managing partner of Hodema Consulting Services, sheds light on the country’s challenges and growth potential.
KSA: transformation on an unprecedented scale
Saudi Arabia’s far-reaching vision to diversify its economy and boost the non-oil sector is delivering extraordinary results, ensuring that the Kingdom remains firmly in the headlines and on investors’ radars. Nada Alameddine, managing partner at Hodema Consulting Services, charts the latest developments in KSA’s fascinating growth story, which range from giga-project pipelines and an ever-expanding private sector to record tourism revenues.
Insight into Kuwait’s market
Nada Alameddine, managing partner at Hodema Consulting Services, offers insight into Kuwait’s market status, highlighting its strengths and weaknesses.
Lebanon: a country of contrasts
Nagi Morkos, founder and managing partner at Hodema Consulting Services, discusses the disconnect between Lebanon’s economic struggles and its booming tourism sector.
Why budget lifestyle hotels are breaking the mold
With travelers seeking out better lodging experiences and affordable deals, cheap, chic offerings are proving to be the new industry disruptors, as Nada Alameddine, managing partner at Hodema Consulting Services, explains.
Pulse check Egypt
As the Ukraine war is dragging on into another year, so are the economic troubles of Egypt, highly dependent on imports of wheat and all types of non-food commodities. The Egyptian treasury market was also badly hit, as investors withdrew billions of dollars. The Central Bank could not prevent inflation from reaching an annual surge of 33.9 percent in March, with the Egyptian pound plunging to unprecedented levels. Nada Alameddine, managing partner at Hodema Consulting Services, explains the country’s current state and forecasts its future.
A positive outlook for Lebanon in 2023
Despite multiple crises in Lebanon since 2019, the private sector has demonstrated remarkable resilience, indicating a potential recovery that could be further bolstered by positive political developments. This anticipated comeback holds the promise of renewed growth and prosperity. Chadi Chidiac, managing partner of Protocol Hospitality Management and Consultancy, tells us more.
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The UAE: positive indicators and plenty more in the pipeline
When it comes to regional high achievers, the Emirates undoubtedly rank high on the list. Years spent developing the tourism offering and other non-oil sectors of the economy are now paying off, and there’s more on the horizon, as Nada Alameddine, managing partner at Hodema Consulting Services, explains.