Economy
Kuwait’s booming economy has allowed many international hotel chains to enter agreements to open hotels in the country. According to the Kuwait Hotel Owners Association, over twenty-five new hotels are planned or in construction, including the following:
- Hotel Missoni Kuwait – now open
- Golden Tulip Kuwait – opening late 2011
- Hilton Olympia Kuwait – opening late 2011
- Ibis Sharq – now open
- Jumeirah Messilah Beach Kuwait – opening mid-2011
- InterContinental Kuwait Downtown – opening late 2010
- InterContinental Kuwait at The White – opening early 2013
- The Square Capital Tower – opening late 2011
- Novotel Mina Abdullah Resort – opening late 2011
- Four Seasons Hotel Kuwait at The Gate of Kuwait – plans are in motion to open within the next few years.
By 2012, over 3,000 rooms are expected to be added to Kuwait’s current hotel inventory.
The city is also home to a large variety of shopping malls, which serve as the basis of Kuwaiti social life. Famous malls such as the Avenues, Marina World and the 360 Mall house many internationally-renowned retail and food/beverage brands, as well as provide sheltered, indoor areas to relax. Several more, such as the Mall of Kuwait, the Al Hamra Center and Symphony Centre are expected to enter service within the next five years.
Read more about this topic: Kuwait City
Famous quotes containing the word economy:
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—Ralph Waldo Emerson (1803–1882)
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)