UAE hotels off the pace as FDI grows | The National:
"Foreign direct investment in the UAE is growing, but the hotels sector is lagging.
“FDI in the hospitality sector is slower than the real estate sector because there is still a lack of transparency on transactions,” said Joe Sita, the chief executive of IFA Hotel Investments. Kuwait’s IFA has projects such as the Fairmont Palm, Mövenpick Laguna in Jumeirah Lakes Towers and Kingdom of Sheba complex on the Palm.
“As long as we continue to face this issue, it will remain difficult for foreign and institutional investors to build a complete enough picture of the market to dive in, despite the fact that they know Dubai is certainly worth investing in.”"
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