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MENA Quarterly Review | Hotels | Q3 2018

The Public Investment Fund (PIF) announced the Amaala project, a luxury tourism destination. The Haramain High Speed Railway is expected to begin operations in Q4 2018 after many years of planning/ construction. The soft opening date of the Grand Egyptian Museum has been set for the first quarter of 2019. A large infrastructure investment at The Great Pyramids of Giza was announced recently which is expected to improve the visitor experience to the historic site. The UAE's Federal Tax Authority will offer tourists the opportunity to reclaim a portion of the VAT paid on goods purchased in the country, beginning from November 2018.