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:
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)