Global hospitality leaders eye investment opportunities at Abu Dhabi summit

Hosted at the Hilton Abu Dhabi Yas Island, the agenda for the three-day event includes contributions from more than 150 speakers in the form of panel discussions, one-on-one interviews, roundtables, innovation pitches, and student-led sessions. (Supplied)
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Updated 24 September 2023
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Global hospitality leaders eye investment opportunities at Abu Dhabi summit

  • Key industry players from over 50 countries convene at the Future Hospitality Summit from Sept. 25-27

RIYADH: The global hospitality sector is set to witness a significant influx of investment as key industry players from over 50 countries convene at the Future Hospitality Summit in Abu Dhabi from Sept. 25-27.

Centered around the theme “Focus on Investment,” the event will serve as a catalyst for change, facilitating interactions among over 1,000 hospitality leaders through debates, dialogues, initiatives, and announcements.

Hosted at the Hilton Abu Dhabi Yas Island, the agenda for the three-day event includes contributions from more than 150 speakers in the form of panel discussions, one-on-one interviews, roundtables, innovation pitches, and student-led sessions.

In an interview with Arab News, Jonathan Worsley, chairman of the organizing company The Bench, said that participants can expect a myriad of networking opportunities and receptions throughout the course of the summit.

“From our tried and tested FHS business card exchange and networking receptions to early morning runs, yoga classes, culinary tours, and golf, there are countless experiences available to connect and network for our delegates,” he said.

“As the region’s leading tourism and hospitality summit, we look forward to three action-packed days of discussion, debate, and dealmaking,” he added. 

Worsley told Arab News that the event would explore a diverse array of topics such as the role of environmental, social, and corporate governance, the effects of the current geopolitical landscape on investment opportunities, and the incorporation of technology in the sector.

“Technology will once again be at the forefront of the FHS program with leaders discussing the future of the hospitality and travel tech stack. One of the sessions I am personally very excited about is the presentation by Cenk Sidar, CEO and co-founder of Enquire AI, who will share key insights on the power of artificial intelligence and how it is transforming business decision-making,” Worsley said.

He also highlighted a panel discussion to be led by Marco S. Rentsch, partner at PwC Middle East’s Global Consulting Hospitality and Tourism Center of Excellence. The session will explore the ongoing digital transformation within the hospitality sector and examine best practices and strategies across various industries.

“This panel discussion will cover topics such as how technology can improve operating processes, how data can be monetized and used to optimize the guest experience, and how technology can support meeting ESG goals in the sector,” Worsley said.

“In the lead up to FHS, I spoke with Tatiana Labaki, head of hotel and tourism advisory at TONOMUS NEOM, who is one of the panelists in this session, and she mentioned that as technology is seen as an enabler of an optimal, frictionless, and seamless guest experience we should always start our understanding from the guest journey,” he said.

“She also believes that technology will support the key hospitality verticals, including the guest experience, top-line revenue, and operational/cost efficiencies,” he added.

Worsley believes that fostering entrepreneurship is essential for driving technological adoption and enabling innovation in the hospitality sector. “FHS is proud to act as a springboard for promising startups in the industry,” he added. 

With Yas Island, Miral has showcased that by bringing together world-class attrac-tions, including award-winning theme parks, and a vast portfolio of leisure and hospitality offerings.

Jonathan Brown, chief portfolio officer of Miral

“At The Bench, we’re passionate about helping entrepreneurs position their startups for success and to accelerate their growth, and again this year, we will be hosting the FHS Startup Den in which 11 finalists will be pitching to a senior panel of judges. These startups are tech platforms that are transforming the industry,” he stated.

The event will also highlight the importance of sustainability within the hospitality industry. Worsley noted that given that 2023 is the UAE’s Year of Sustainability and with COP28 scheduled to take place in Dubai, the FHS will bring an unprecedented focus on sustainability issues.

He added that the event will host the finals of the Sustainable Hospitality Challenge, a global competition for students.

“We also look forward to working with our partners Fresh on Table again this year to bring local produce to the food and beverage experience at FHS and to promote local businesses and sustainability in the hospitality sector,” he said.

“Fresh on Table is a digital marketplace that promotes locally sourced food by bringing buyers and local sellers together. Through our partnership with Fresh on Table last year, we were able to save 288 kilos of carbon emissions and 44,168 food miles by sourcing local produce for the conference menu,” he added. 

FASTFACT

Centered around the theme ‘Focus on Investment,’ the event will serve as a catalyst for change, facilitating interactions among over 1,000 hospitality leaders through debates, dialogues, initiatives, and announcements.

He further elaborated that Hilton Abu Dhabi Yas Island will contribute to the event’s focus on sustainability by aiding FHS in becoming carbon-neutral through Hilton’s award-winning sustainability measurement program, LightStay.

“As part of this initiative, we will be measuring and analyzing the environmental impact of FHS 2023 using their proprietary LightStay Meeting Impact Calculator. Once the event is completed, the CO2 emissions will be offset by procuring carbon offset credits from Hilton’s partners — the South Pole Group,” he added.

In an interview with Arab News, Jonathan Brown, chief portfolio officer of the host sponsor Miral, stated that high-level business events such as the FHS play a key role in accelerating diversification and economic development.

“With Yas Island, Miral has showcased that by bringing together world-class attractions, including award-winning theme parks, and a vast portfolio of leisure and hospitality offerings, we can deliver a one-stop destination that provides unique and memorable experiences for our guests and business travelers from across the world,” Brown said.

“We are looking forward to welcoming industry leaders to explore the exceptional experiences this remarkable island has to offer. We encourage guests to take the opportunity to witness first-hand the remarkable offerings that make Yas Island a preferred destination for hospitality and leisure,” he added.

“To further enhance their experience, across the three days there will be a variety of networking activities hosted across the island, including a welcome reception at the Cafe del Mar Beach Club at Yas Bay Waterfront, a networking event at the luxurious Saadiyat Rotana Resort on Saadiyat Island and a closing party at Lock, Stock and Barrel on Yas Bay Waterfront as well,” Brown added.


Saudi Arabia set to lead $500bn wave of GCC debt maturities: Kamco Invest 

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Saudi Arabia set to lead $500bn wave of GCC debt maturities: Kamco Invest 

RIYADH: The Gulf Cooperation Council region is expected to see elevated levels of fixed-income maturities over the next five years, driven primarily by Saudi Arabia and the UAE, a new analysis showed. 

In its latest report, Kamco Invest said fixed-income maturities in Saudi Arabia are projected to total $174.5 billion between 2026 and 2030, closely followed by the UAE at $171.8 billion.  

Saudi Arabia’s debt market has recorded robust growth in recent years, attracting strong investor interest in fixed-income instruments amid a global environment of elevated interest rates. 

In October, Kuwait Financial Center — also known as Markaz — said Saudi Arabia dominated the GCC’s primary debt market in the third quarter, raising $20.32 billion through 36 issuances, a 62.7 percent year-on-year increase in value. 

“The bulk of the maturities in Saudi Arabia are for bonds and sukuk issued by the government at $106.4 billion, while in the case of the UAE, the lion’s share of maturities are for instruments issued by corporates at $136.2 billion,” said Kamco Invest. 

Over the next five years, fixed-income maturities in Qatar are expected to reach $85.6 billion, while Kuwait, Bahrain and Oman are each projected to record maturities of around $25 billion. 

Citing Bloomberg data, the report showed that GCC sovereign maturities stand at $244.8 billion over the 2026–2030 period, while corporate maturities are higher at $263.3 billion. 
 
“Both bond and sukuk maturities are expected to remain elevated starting from 2026 until 2030 and then gradually taper for the rest of the tenor. The higher maturities during the next five years reflects deficit financing issuances from GCC governments as well as investment and refinancing related issuances from the corporates,” said Kamco Invest. 

The report added that the majority of maturities are denominated in US dollars, accounting for 64.7 percent, followed by local-currency issuances in Saudi riyals and Qatari riyals at 10.6 percent and 6.3 percent, respectively. 

Owing to the strong credit profiles of GCC governments, most maturities fall within the high investment-grade category. A-rated instruments account for $208.7 billion, while total investment-grade maturities stand at $239.1 billion. 

In terms of instruments, conventional bonds dominate, with maturities of $317.6 billion over the next five years, compared with $190.5 billion for sukuk. Corporate bond maturities, at $173.4 billion, exceed government bond maturities of $144.2 billion. 
 
By sector, banks and other financial services firms account for $210.4 billion in maturities through 2030, representing 79.9 percent of total corporate maturities and 41.4 percent of overall GCC maturities. The energy sector follows with $21.8 billion, or 8.3 percent, of corporate maturities, while utilities and industrials account for $13.6 billion and $5.4 billion, respectively. 

Real estate maturities are concentrated mainly in the UAE and Saudi Arabia, at $11.2 billion and $4.3 billion, respectively, through 2030. 
 
Issuances in 2025 

Aggregate bond and sukuk issuances in the GCC reached $206.6 billion through the third week of December 2025, broadly unchanged from $206.8 billion in the same period a year earlier.

However, issuance patterns shifted markedly. Government issuances declined sharply to $77.9 billion in 2025, from $98.6 billion in 2024, while corporate issuances rose to a record $128.6 billion, up from $108.2 billion. 

In terms of type of issuances, sukuk issuances witnessed a sharp decline during 2025, whereas bond issuances showed a healthy growth. 

“Aggregate GCC bond issuances stood at $125.2 billion in 2025, the highest on record, compared to $106.2 billion during 2024, whereas sukuk issuances declined by 19.1 percent to reach $81.4 billion this year as compared to issuances of $100.6 Bn during 2024,” said Kamco Invest. 

Despite an 18.3 percent decline, Saudi Arabia remained the region’s largest fixed-income issuer, with total issuance of $82.0 billion in 2025, down from $100.3 billion the previous year. 

Issuances from Qatar fell 21.7 percent to $22.1 billion, while the UAE recorded modest growth, with total issuance rising to $64.9 billion from $63.4 billion. Kuwait posted the sharpest increase, with issuance surging to $20.5 billion from $2.6 billion in 2024 following the approval of its debt law. 
 
Green issuances 

Green-instrument issuance in the GCC rose sharply in 2025, though it remained below the record levels seen in 2023. Total green issuance reached $12.5 billion, up from $4.6 billion in 2024 but below $17.3 billion recorded in 2023. 

The UAE led the region with $5.6 billion in green issuance, compared with $3.8 billion a year earlier. Saudi Arabia followed with $5.1 billion, after recording no green issuances in 2024. 

Green sukuk are Shariah-compliant instruments designed to finance environmentally sustainable projects, including renewable energy, clean transportation and climate-resilient infrastructure. 
 
Outlook 

Kamco Invest expects higher issuance levels in 2026, particularly among GCC countries facing fiscal deficits. The UAE and Qatar are also projected to see elevated corporate issuance. 

A potential decline in interest rates could further support issuance activity, especially early in the year, as borrowers seek to lock in lower funding costs. 

“Maturity refinancing is expected to result in approximately $85.4 billion in issuances during the year, while government deficit financing led by lower average oil prices would also contribute to the overall trend during the rest of the year,” the report said.  

Based on IMF forecasts, deficit financing could result in issuance of close to $60 billion in 2026, it added.