Talal Al-Bahar interview to VISÃO 25 th July 2013
|
|
- Brent Hancock
- 7 years ago
- Views:
Transcription
1 by Paulo M. Santos A bet from the Arabias Talal Al-Bahar is the largest investor in the artificial island of Dubai and one of most influent in the Middle East in the real estate area. In Portugal, he owns Pine Cliffs in Algarve, and is prepared to invest hundred million euros in other projects, amongst which a Deluxe Resort in Serra do Caldeirão. Madeira and Lisbon will be the next targets. A long time passed by 10 Years, 3650 nights. From the moment the initial paperwork was submitted for the licensing of a new resort in Algarve,until its approval five governements passed by: Durão Barroso, Santana Lopes, two by José Sócrates and one with Passos Coelho. There were nights during which United Investments Portugal, owner of the Pine Cliffs Resort, had to wait prior to initiate a new investment in Loulé Council. No wonder that when asked the Kuwaiti businessman Talal Al-Bahar, which was the greatest obstacle to foreign investment in Portugal, the response was immediate: "Bureaucracy." It is one of the majeur problems to any Investor. In the majority of the countries where we invest we are able to licence and materialize a project within 3 years. Here we had to wait ten years for the licensing. And now we have before us the time needed to build the venture. It's too much, he regrets. Now that the paperwork has gone through, Talal Al-Bahar can reveal to VISÃO what he intends to build in the 380 hectares of land, bought to Quinta do Freixo in 2002, near Benafim, Loulé in Serra do Caldeirão. It will be one more Luxury Resort, for clients seeking longer stays. The project itself is more orientated for a tourism within a special environment, wellness and in contact with the nature. The new resort will have an unobstructed residential area, where the country houses will prevail, and the hotel, which will provide the services will be a medium size hotel. The Entrepreneur considers an investment, in the first phase, of circa 250 million euros, which will generate 350 new employments in the area. Destination Lisbon But the bet in Portugal it is not only this project in the Algarve countryside. Talal Al- Bahar admits being very interested to invest in the Lisbon area. This will be however in different projects from the ones in the Algarve, where the facilities were built from scratch. In Lisbon the group will seek resorts that were bankrupt and which are now in the hands of the bank. To the banks these are toxic assets, that will only generate problems in the balance sheet. For a group like ours they might be a good opportunity to invest. We are in a phase of meeting with the Banks and study the various projects, but nothing of concrete yet, Talal Al-Bahar says. Upon the acquisition the group will have to invest in adapting the existing buildings to Page 1
2 the concept of the other resorts. However, this might be a lot more inexpensive than building from scratch. And why Lisbon? It is a market that can bring diversity and complement our offer. At this moment, in Portugal, we can only sell beach. In Benafim we will have the nature, the wellness and environment. The city is missing, culture, history Our experience tells us that there are lots of tourists who like Lisbon. For example, the Brazilian, an interesting outbound market, who want city destinations, not Algarve beaches. Also Portuguese speaking citizens from Africa prefer Lisbon, as well as Asians. Lisbon can be a very interesting investment to our group. But our bet does not end in the capital. Talal Al-Bahar opens the game and says that he is negotiating the acquisition of an important project in Madeira It is not yet known, however, whether or not the business will be realized we will present a proposal to the bank and wait for their acceptance. In the four corners of the world Based in Kuwait and quoted in the local Stock Market, IFA Hotels & Resorts is the real estate and tourist part of the family s business. With investments spreading all over the world, it continues its growth despite the international crisis. Therefore, at the beginning of this year there was the inauguration of the luxurious Fairmont in the Palm Island, Dubai. Comprising 381 rooms, with a ocean front of 460 mts, this new hotel had an investment of circa 300 million euros. But more: the compay acquired the YOTEL in New York, a business of 275 million euros. It is a new hotelier concept the industry call it the Ipod of the Hospitallity Furthermore, the group also has touristic and real estate projects in Seychelles, Tanzania, South Africa, Thailland, Lebanon and London, amongst other countries. And it is still looking for new investments. China and Singapour, are some of the markets to which we are open to opportunities that may arise. Talal Al-Bahar revealed to VISÃO that, by the end of this year, a time-sharing company will be borne, to work with all resorts of the group, spread all over the world, in a business model that has not being explored. it can be a very interesting business, due to the large variety we have on offer in the different countries, the entrepreneur explains. The Group pretends to capture those clients who would like to have a luxury property but also like to change the destination from place to place every year. A Family Business Talal Al-Bahar is the oldest of the four children of Jassim Al-Bahar. He was 6 years old when his father came to Portugal in 1984, to look for plots to buy. He found what he was looking for in Algarve, in the cliffs between Albufeira and Vilamoura. At the beginning he was not sure what to do with the land. There were various alternatives. He considered to construct villas and sell the plots but decided on the resort which originated the Pine Cliffs the first touristic investment of the Group outside the Middle East and, as he admitted in an interview to Visão in 2004, that Page 2
3 became the inspiring model for the future investments. Jassim Al-Bahar passed away in 2008, in his algarvian resort. Talal who was at the time in the Administration of the company assumed the control of the business. And it has diversified since then. For example, the Family is a shareholder of Banco Comercial Português, a long term investment. I am not so concerned with the value of the shares. I think the bank has now a good management. The entry of the new shareholders was important, as it brought in money, but this is not a favourable time for banking business, in Europe and, above all, in U.S.A., he says. In what regard Pine Cliffs, the place where he spend his holidays during his childhood and youth, Talal refers that during the 12 years he spent in the administration of the company, the business declined, specially due to the competition with other destinations. We started losing market, as we were no able to compete with Turkey, Croacia or even Marroco, who were a lot more competitive than Portugal. Neverthless, he kept his bet in our country, despite the fact of giving up other business in Quenia and Namibia. Why? We consider Portugal a good investment. It is part of the EU, has a fantastic weather, good infrastructures and excellent staff he says. But is it the only reason? The reply we had when we asked what kind of relation he maintains with our country. I come to Portugal twice a year and I regret not to come more often, because this country is very special to our family. Talal Jassim Al-Bahar, The Entrepreneur Portugal needs more attactive fiscal laws What do you think of the economic measures of the Portuguese Government? Let me tell you that I do not feel a foreign investor in Portugal. The Group is here for almost 30 years. This is also my country. And what is your evaluation of the Government? I am a big supporter of this Government. They are making the necessary changes. They are proactive in the policies to attract foreign investment. The Golden Visa is a good example. In fact, I can say that this will be our best year since this crisis began. And, in large part, this growth is due to the actions of this Government, as the Golden Visa. There is still a long way to go, but I think this is correct. Many people in Portugal will not agree with you I admit that. I know that harsh measures have been taken. There was another way, which might be less painful, but more lengthy in time. In my opinion, this is correct. O Golden Visa has attracted many investors, but will it be enough to relaunch tourism and real estate sector? No. Other improvements need to be made, special in a fiscal level. One measure that penalizes more the industry is VAT for the restoration. It is very high and makes the country less competitive with very strong competitors. Times are tough for the hospitality and real estate. There is a lot of competition. The question is: why choose Portugal over another country to invest? To be competitive, Portugal has to be one step ahead of others. And that's why I think there is still much to do. Page 3
4 Can you give us some examples? For example, in air transport policy. Take the case of Faro airport. TAP canceled direct flights from London to the Algarve. In my viewpoint, should open more routes to Faro, instead of closing them. The Algarve requires direct flights. TAP, as a state company, should not be focused only on the routes that are profitable. You have to look at other country's interests. With the privatization process underway, it will be difficult to practice these policies... It is undoubtedly a problem. But that's where the government should intervene. Tourism is an important sector to create jobs. And generate jobs is currently the biggest challenge of this Government. But it is not easy to generate employment, in this conjuncture, even in tourism... You have to create a favorable environment for investors, especially with attractive tax laws and policies that strengthen the creation of wealth, Moreover, tourism is perhaps the industry in which it may be easier to do something. Why? Because many of the infrastructures are already built. You only need to create policies to develop and make it profitable. And a bad transport policy can, over time, ruin the industry. How so? The Algarve cannot be controlled by tour operators and charters. This reduces the market rates and the money ends up in the hands of the intermediary. We need to focus on customers who will eat at local restaurants, who buy in stores in the area, who visit cultural venues, who play golf. In short, those who spend the money that enters in the economy. When the bet is on tourism operator, the customer comes with all included and most do not leave the resort. This is a big mistake. And that is why, in the Algarve, we see each day more five-star hotels to practice the 'all inclusive'. The sector starts going in a wrong direction, which could ultimately bring higher costs to the national economy. What are the major obstacles that a foreign investor faces in Portugal? Bureaucracy. Without a doubt. I waited ten years to license a project considered of national interest. BI Talal Jassim Al-Bahar Chairman & CEO of da IFA Hotels & Resorts At the age of 35, the entrepreneur, born in Kuwait, accumulates various senior positions in multinational companies that operate in various business. With a degree in management by the University of Loyola Marymount in the U.S. presides over United Investments Portugal and is the CEO for Drake & Skull, a corporation with interests in various sectors such as construction, engineering, petroleum, aviation, health and railways, among others. He is also Member of the Board of Directors of Commercial Real Estate, a leading real estate company in Kuwait. Page 4
5 30 years investing in Portugal Since they bought the land where Pine Cliffs would be built, the Al-Bahar family has invested many hundreds of millions of euros in this project, contributing to the capture of foreign investment and the development of tourism in Portugal. Here are some figures: 4,5 million euros Cost of a top residence in Pine Cliffs. It has four bedrooms, Jacuzzi pool and garden. The cheapest is circa euros 250 million euros Initial investment in the new venture in Benafim, Loulé, which spreads over an area of 380 hectares. The project comprises a housing component, a hotel and an agricultural one. Lisbon and Madeira These will be the new bet of the group. The projects will be developed by purchasing enterprises that are in the hands of banks. Beach and jungle South Africa There are two projects in this African country with a differentiated offer. One next to the beach, the other surrounded by the jungle, where there is one of the most famous golf holes in the world. Pine Cliffs Algarve It was the first international investment in the tourism sector of the family Al-Bahar. The project was developed in an area of 70 hectares on the cliffs between Albufeira and Vilamoura Yachts Middle East The company operates a rental business of luxury boats, intended for tourists who want to spend part of the vacation aboard a yacht, where you can find almost all refinements of a true five-star hotel. Palm Island Dubai The IFA Hotel & Resorts Group is the largest international investor in this artificial island. In January this year was inaugurated the Fairmont Hotel, the first luxury hotel located in the trunk of the palm tree. The project involved an investment of about 300 million euros. Page 5
GOLF VILAMOURA. Join us at the Club! 3 nights + 3 rounds. of golf from 340
3 nights + 3 rounds of golf from 340 GOLF VILAMOURA One of Europe s top golfing destinations, Vilamoura, has firmly established its reputation as a quality resort for all golfers. Join us at the Club!
More informationPROPERTIES FOR SALE IN VILAMOURA
PROPERTIES FOR SALE IN VILAMOURA NO DEPOSIT REQUIRED BY CLIENT MORTGAGE PAID FOR 2 YEARS (BY WAY OF CASHBACK UPON COMPLETION). WILL BE FULLY FURNISHED ON COMPLETION ALL TAXES AND LEGAL FEES PAID LOVELY
More informationSheraton Algarve Hotel & Pine Cliffs Resort
Sheraton Algarve Hotel & Pine Cliffs Resort Unique Location The Pine Cliffs Resort is perched high up on the southern coast of Portugal, immediately above wave-battered red sandstone and golden sandy beach.
More informationTourism in figures 2012
Tourism in figures 2012 the Belgian market in Flanders July 2013 toerisme vlaanderen TABLE OF CONTENT A. THE BELGIAN MARKET IN FLANDERS 5 1. Key figures 5 2. Distribution within Flanders 5 3. Trends 8
More informationEKOLA Junior High School Bilingual Programme Entrance Test (1h15) Sample Paper. Result:
EKOLA Junior High School Bilingual Programme Entrance Test (1h15) Sample Paper Name: Result: Task 1 Which notice says what? For questions 1 5, match the correct letter A H. 1. You do not have to pay extra
More informationTHE INCREASING IMPORTANCE OF BRANDED RESIDENCES
MAY 2014 THE INCREASING IMPORTANCE OF BRANDED RESIDENCES Lucy Payne Consultant & Valuation Analyst Arlett Oehmichen, MRICS Director www.hvs.com HVS London 7 10 Chandos Street, London W1G 9DQ Following
More informationConveyancing Guide Making your Home yours..
Conveyancing Guide Making your Home yours.. Introduction to Conveyancing Buying your new home can be a long and difficult process and the final step, the legal one, often seems the biggest. Buying a house
More informationINVESTMENT PROPOSAL BANYAN TREE LUXURY VILLA AND HOTEL DEVELOPMENT TURKBUKU, BODRUM Q3 2008
INVESTMENT PROPOSAL BANYAN TREE LUXURY VILLA AND HOTEL DEVELOPMENT TURKBUKU, BODRUM Q3 2008 BANYAN TREE VILLAS, APARTMENTS AND HOTEL, TÜRKBÜKÜ BODRUM Banyan Tree Turkbuku represents an opportunity to acquire
More informationAirplane Buying Cheat Sheet. How To Get A Discount On Your Next Airplane:
Airplane Buying Cheat Sheet Disclaimer: Make sure you always get professional legal advice & used licenced technicians when you are doing your inspections. This information is used at your own risk...
More informationLicensed by the California Department of Corporations as an Investment Advisor Investment Newsletter May 2006
Licensed by the California Department of Corporations as an Investment Advisor Thailand: Focus on Koh Samui This is the fifth (!) newsletter in my series on Thailand. Prior installments (October to December
More informationJW Marriott Hotel Kuala Lumpur
JW Marriott Hotel Kuala Lumpur An exclusive report to be distributed with THE INDEPENDENT Transcript of the interview with: Mr Mahmoud Skaf General Manager WORLD REPORT: In your opinion, what is it about
More informationALGARVE CRICKET TOUR
ALGARVE CRICKET TOUR CRICKET TOUR VILAMOURA, PORTUGAL PRICES VALID FOR 2011 TOUR INFORMATION PACK www.skyhighsports.biz richie@skyhighsports.biz +447834 233 768 +44 1434 270 796 High Cowden, Birtley, Wark,
More informationWhy Invest in. Cape Verde Cape Verde. location. Climate
S A HOTEL SUITES L A I S L N D BROCHURE C A P E V E R D E D I S C O V E R C A P E V E R D E A F L O U R I S H I N G P A R A D I S E P E R F E C T F O R Y O U R I N V E S T M E N T Why Invest in Cape Verde
More informationUnit 4 Strand E Exemplar Work A Travel Package to Dahab, Egypt and Related Commentary
GCSE Leisure and Tourism Controlled Assessment: Unit 4 Strand E Exemplar Work A Travel Package to Dahab, Egypt and Related Commentary Information on exemplars Leisure and Tourism GCSE Controlled Assessments
More informationParable of The Prodigal Son
Parable of The Prodigal Son Teacher Pep Talk: Children need to know that they are loved unconditionally. In fact, we all need to know it! In the Parable of the Prodigal Son, Jesus assures us that God will
More informationA big meeting about making it easier for people with disabilities to travel around Europe
EUROPEAN COMMISSION DIRECTORATE-GENERAL ENTERPRISE AND INDUSTRY DIRECTORATE-GENERAL JUSTICE European Day of Persons with Disabilities 2013. European Tourism Day 2013. A big meeting about making it easier
More informationNATIONAL TOURISM POLICIES AND UNIVERSAL ACESSIBILITY IN PORTUGAL
NATIONAL TOURISM POLICIES AND UNIVERSAL ACESSIBILITY IN PORTUGAL San Marino, 19 th November 2014 Development and Innovation Department teresa.ferreira@turismodeportugal.pt helena.ribeiro@turismodeportugal.pt
More informationThe Consumer Holiday Trends Report
The Consumer Holiday Trends Report ABTA Consumer Survey 2014 Number of holidays taken The past 12 months have been mixed from a consumer confidence and sales perspective Overall, eight in ten (80%) consumers
More informationStrategy & Marketing for Emerging Countries
Strategy & Marketing for Emerging Countries Partial scholarship program and course description C O N T E N T S 1 Program presentation 1 Course overview 2 A program adapted to your necessity 3 Program organization
More informationChalet Larchie sits in a small village development
Chalet Larchie Dachstein West, Austria Ski-in ski-out Three double bedroom chalet with wonderful views Fully furnished including fitted kitchen, appliances, bedding and garden furniture Development includes
More informationAn Archipelago which consists of 10 Islands each with their own distinct features and beauty. Discovered in 1640 by Diogo Gomes, a Portuguese
An Archipelago which consists of 10 Islands each with their own distinct features and beauty. Discovered in 1640 by Diogo Gomes, a Portuguese explorer - Cape Verde is situated on the Atlantic Ocean - just
More informationTravel letter from student exchange
Travel letter from student exchange Nursing student exchange in Bangkok, Thailand Name: Louise Andersen E-mail: Louiseandersenn@gmail.com Who did you travel with, if any: Pernille Jensen Home institution
More informationSpain Facts and Insights
Spain Facts and Insights Key Facts Economic Market population Outbound Travel Market Size UK s share of Spanish outbound market Scotland s visitors from Spain GDP growth forecast 2012 +0.3% (OECD) The
More informationEd Miliband MP, Leader of the Labour Party, speech to the CBI
Ed Miliband MP, Leader of the Labour Party, speech to the CBI Monday 10 November 2014 It is great to be here with you, representatives of British business today, celebrating the work that you do day-in,
More informationTo download Labour s Business Manifesto: A Better Plan for Business, please click here
To download Labour s Business Manifesto: A Better Plan for Business, please click here Ed Miliband, Leader of the Labour Party, in a speech launching Labour s Business Manifesto, said: Thank you, Margaret,
More informationThe three most important things in retailing are location, location and location.
Location Introduction Most business studies textbooks can t resist starting a section on business location with the following phrase: The three most important things in retailing are location, location
More informationSunflowers. Name. Level and grade. PrimaryTools.co.uk
Sunflowers Name Score Level and grade 2012 Contents Billy s Sunflower... 3 A story by Nicola Moon So Many Sunflowers!... 14 Vincent Van Gogh... 15 Information about the artist Making a Paper Sunflower...
More informationCOMPANY PROFILE FAKHRI TRAVEL & TOURISM CENTRE (FTTC) KINGDOM OF BAHRAIN. Leaders in global travel services. Fakhri Travel & Tourism Centre
COMPANY PROFILE FAKHRI TRAVEL & TOURISM CENTRE (FTTC) KINGDOM OF BAHRAIN Background Fakhri Travel and Tourism Centre (FTTC) was founded back in 1996 under Arab Travel Tourism and Cargo commercial name
More informationPUSD High Frequency Word List
PUSD High Frequency Word List For Reading and Spelling Grades K-5 High Frequency or instant words are important because: 1. You can t read a sentence or a paragraph without knowing at least the most common.
More informationConference Call Transcript 2Q07 Results Brascan August 13 th, 2007
Operator: Good morning, ladies and gentlemen, and thank you for waiting. At this time, we would like to welcome everybody to s 2Q07 results conference call. Today with us we have Mr. Marcos Levy, CEO,
More informationVilla on the top of its own hill close to Versilia
REF. 11004 Location: Camaiore Price: 3.100.000 (negotiable) Villa on the top of its own hill close to Versilia On the seaside of Tuscany, just 8 km to the sea, close to the famous Versilia with its resorts
More informationWhy Your Local Business Needs a Website
Why Your Local Business Needs a Website Let's face it; times have changed and the way people look for new products and services has changed. Think about it when was the last time you picked up a phone
More informationUnderstanding Short Breaks Topline Findings
Understanding Short Breaks Topline Findings Insert Doc 1. Consumers experience of the downturn and recovery Some optimism beginning to emerge for some, with a sense that they can make plans for the year
More informationHOTEL MARKET REPORT SOFIA 2015
www.kohl-int.com HOTEL MARKET REPORT SOFIA 2015 A REPORT BY INCREASING TREND OF OVERNIGHTS! After a period of stagnation in Sofia s overnights between 2009-2011, since 2012 the number of arrivals and spent
More informationROYAL MALAYSIAN CUSTOMS GOODS AND SERVICES TAX GUIDE ON TRAVEL INDUSTRY
ROYAL MALAYSIAN CUSTOMS GOODS AND SERVICES TAX GUIDE ON TRAVEL INDUSTRY CONTENTS INTRODUCTION... 1 Overview of Goods and Services Tax (GST)... 1 OVERVIEW OF THE TRAVEL INDUSTRY... 1 Supply of Goods and
More informationNaslov: Gael Loaec Država, izvor, izdanje: Hrvatska, Večernji list, Prilog Datum, stranica: 29.07.2009, 1 Površina: 1380. Briefing d.o.o.
Naslov: Gael Loaec Država, izvor, izdanje: Hrvatska, Večernji list, Prilog Datum, stranica: 29.07.2009, 1 Površina: 1380 Briefing d.o.o. Naslov: Gael Loaec Država, izvor, izdanje: Hrvatska, Večernji list,
More informationHenry Hudson by Kelly Hashway
Before planes, people traveled by boat. And getting goods from one place to another took a long time, especially when ships had to sail around continents. In the early 1600s, European trading companies
More informationEnchanting Emirates: Abu Dhabi & Dubai Private Journey
Travcoa Private Journeys are pre-designed luxury travel itineraries which are locally hosted by carefully selected guides. Each is crafted to provide the ideal in-depth experience of its various destinations
More informationTOP TEN Reasons to Invest in Portugal
TOP TEN Reasons to Invest in Portugal October 2012 Reasons to Invest in Portugal Qualified, Motivated, Flexible and innovation-oriented Human Resources High Quality of Logistics, road, airport and seaport
More informationTHE EVOLUTION OF CARD PAYMENTS IN THE TOURISM SECTOR
THE EVOLUTION OF CARD PAYMENTS IN THE TOURISM SECTOR globalpaymentsinc.co.uk Page 2 3 FOREWORD Keeping up to date with consumers ever increasing appetite for faster, easier ways to pay throws a number
More informationWhere Business Goes to Grow
Where Business Goes to Grow Investment Opportunities in Hong Kong for European Tourism Companies Jimmy Chiang Head of Tourism & Hospitality Presentation Outline I. Introduction of InvestHK II. Overview
More informationWriting Topics WRITING TOPICS
Writing Topics Topics in the following list may appear in your actual test. You should become familiar with this list before you take the computer-based TOEFL test. Remember that when you take the test
More informationKey facts on tourism
Key facts on tourism 2008 edition Economic impact of tourism in France in 2007 Foreign trade Expenditure by foreign visitors in France: EUR 39.6 billion (+7.2%*) Expenditure by French residents abroad:
More informationInvest in your future
Invest in your future Investing, and your Pensions NO BETTER TIME THAN THE PRESENT - Investing, and Your Pension The sooner you start investing, the better off you will be. Taking an early interest in
More informationGuide to PanAm Agent and Online Booking Tool Services!
Guide to PanAm Agent and Online Booking Tool Services Sections: 1. Getting Started with PanAm 2. Booking with An Agent 3. TripCase 4. Online Booking Tool - Logging In & Completing Your Profile 5. Book
More informationInvesting in Real Estate in Malta and Cyprus
Investing in Real Estate in Malta and Cyprus ==================================== The Social Capital Foundation 135 rue des combattants BP 30, B 1310 La Hulpe Website: http://www.socialcapitalfoundation.is/tscf/aboutus_realestate.htm
More informationYour friend starts crying. He or she is married with two kids and a huge mortgage. Do you: Say you'll keep your mouth shut Go to 4
1 CORRUPTION A MAZE GAME INSTRUCTIONS 1 The reader reads out card 1 and students make their choices 2 The reader continues to read out the next cards in turn 3 Pause the game as conversation is generated
More informationIntroduction to Property Development
Introduction to Property Development Taxation, accounting and structuring issues impact on every stage of a development. While these issues are often pushed to the side or considered a boring aspect of
More informationJahrgangsstufentest. an bayerischen Realschulen
Jahrgangsstufentest ENGLISCH an bayerischen Realschulen Termin: Mittwoch, 29. September 2010 earbeitungszeit: 45 Minuten Name: Klasse: 7 Punkte: / 60 Note: TSK 1 PRT I: Listening You will hear four short
More informationparrot cay 2016 RATES TOLL FREE RESERVATIONS: 1-866-388-0036 Tel: 1-904-834-7486
parrot cay 2016 RATES TOLL FREE RESERVATIONS: 1-866-388-0036 Tel: 1-904-834-7486 One-Free Night Offer- Stay 4 Pay for 3 Parrot Cay is pleased to offer the deal of four nights for the price of three for
More informationUKONNIEMI Imatra Spa Resort
UKONNIEMI Imatra Spa Resort Locating for Success UKONNIEMI Imatra Spa Resort Ukonniemi is the developing tourism location in South-East Finland close to the Finnish-Russian border. Its beating heart is
More informationFINANCIAL SERVICES BOARD COLLECTIVE INVESTMENT SCHEMES
FINANCIAL SERVICES BOARD COLLECTIVE INVESTMENT SCHEMES INTRODUCTION This booklet will provide you with information on the importance of understanding ways in which Collective Investment Schemes ( CIS )
More informationDECEMBER 11 BUSINESS MEETINGS LISBON, PORTUGAL ASSOCIAÇÃO DOS PROFISSIONAIS E EMPRESAS DE MEDIAÇÃO IMOBILIÁRIA DE PORTUGAL
DECEMBER 11 BUSINESS MEETINGS ASSOCIAÇÃO DOS PROFISSIONAIS E EMPRESAS DE MEDIAÇÃO IMOBILIÁRIA DE PORTUGAL HISTORY: HIGHLIGHTS 1143 1910 1933 1974 1986 Monarchy Republic Estado Novo Authoritarian Revolution
More informationThe Psychology of Travel Consumer Behavior
The Psychology of Travel Consumer Behavior January 2003 The Strategic Travel Action Resource or STAR is a timely, topical, brief report replacing what was currently referred to as an Industry Report. The
More informationLouvre Hotels Group s new footprint in China
Press Release Louvre Hotels Group s new footprint in China Golden Tulip K- Land Suzhou Residence & Tulip Inn Shangmo Hotel Shanghai September 2014 Louvre Hotels Group is pround to announce the official
More informationUK immigration policy outside the EU
European Union: MW 371 Summary 1. This paper outlines a possible immigration system in the event of a British exit from the European Union. Some have claimed that a British exit would not affect net migration,
More informationTips for Avoiding Bad Financial Advice
Tips for Avoiding Bad Financial Advice This guide is a free public service from Paladin Registry. It contains information that will increase your awareness about issues that concern advisors and help you
More informationHow To Set Up A Video Email Referral Marketing Campaign That Spits Out Referrals & Repeat Business
How To Set Up A Video Email Referral Marketing Campaign That Spits Out Referrals & Repeat Business 1 The Key To Long Lasting Referral & Repeat Business Lead Generation Before we get started here s something
More informationBeginners Guide to Asset Allocation, Diversification, and Rebalancing
Beginners Guide to Asset Allocation, Diversification, and Rebalancing Even if you are new to investing, you may already know some of the most fundamental principles of sound investing. How did you learn
More informationUnderstanding World Currencies and Exchange Rates
Understanding World Currencies and Exchange Rates Contents Currencies Exchange Rates Exchange Rate Movements Interpreting Numerical Exchange Rate Movements How Foreign Exchange Markets Work Why Exchange
More informationAdapted from Stone Girl Bone Girl by Laurence Anholt, Francis Lincoln Children s Book
1. Mary Anning Adapted from Stone Girl Bone Girl by Laurence Anholt, Francis Lincoln Children s Book This is the true story of Mary Anning, who lived 200 years ago. Mary was born in 1799 and was one of
More informationHoneymoon of YOUR Dreams!
Planning the Honeymoon of YOUR Dreams! Carolyn Waffle, Certified Travel AllInclusiveHoneymoonsandDestinationWeddings.com Planning the Honeymoon of YOUR Dreams! Preparing for the Perfect Romantic Honeymoon
More informationROYAL MALAYSIAN CUSTOMS GOODS AND SERVICES TAX GUIDE ON TRAVEL INDUSTRY
ROYAL MALAYSIAN CUSTOMS GOODS AND SERVICES TAX GUIDE ON TRAVEL INDUSTRY Publication Date Published: 14 April 2016. The Guide on Travel Industry revised as at 6 April 2015 is withdrawn and replaced by the
More informationUK - New licence Requirements for Overseas Gambling Operators by Marcos Charif
And the New Year s Resolution for 2010 is New licence Requirements for Overseas Gambling Operators The Gambling Act 2005 (the Act) came into force in 2007 and was hailed as a model for the rest of the
More information2017 US Masters Tour Packages. Exclusive Sports Pty Ltd www.exclusivesports.com.au email: info@exclusivesports.com.au ph: +61 2 9555 5195
2017 US Masters Tour Packages ` Masters Week - Package 1 3 Days at the US Masters + 3 Games of Golf All accommodation close to Augusta National Golf Club 7 nights in private housing from Monday 3 rd to
More informationThe Economics of Ranching
Montana Cowboy College Kent Hanawalt Fiddle Creek Road Livingston, MT 59047 Home:406-686-4426 Work 406-683-9111 NeckRein@MontanaCowboyCollege.com The Economics of Ranching Ranching is easy right? All you
More informationQuestions? FAQ DETOURS IN FRANCE Self Guided and Customized Tours. What exactly is a self-guided tour?
What exactly is a self-guided tour? We provide all the structure for a great trip: the right places to stay, wonderful routes to follow, with detailed, step-by-step route notes and highlighted maps, and
More informationRoyal Óbidos Spa & Golf Resort. Frequently asked questions
Destination Silver Coast The Silver Coast (Região Oeste) is a delightful and exquisitely preserved area of Portugal. Blessed with intense sunlight and a gentle climate, the countryside is a fertile green
More informationServiced Accommodation
Serviced Accommodation How To Turn A House Into A Hands-free Hotel Business - making up to 1,000 cashflow per month! (taking up NONE of your own time) By Paul Smith In Association With: How To Turn A House
More informationMANDARIN ORIENTAL HOTEL GROUP REPORT SUMMARY
MANDARIN ORIENTAL HOTEL GROUP REPORT SUMMARY THE COMPANY Established in Hong Kong in 1963. Mandarin Oriental Hotel Group is an international hotel investment and management group operating ten hotels in
More informationTerms and condition of sales in Hotel Regnum Residence.
Terms and condition of sales in Hotel Regnum Residence. Hotel Regnum Kft is a Hungarian company situated on Ganz Utca 8, 1027 Budapest. The company s main task is running Hotel Regnum Residence, situated
More informationMeet and greet All transfers 4 nights at The Tribe Hotel - Bed & Breakfast 2 green fees in Nairobi from a choice of 5 18-hole courses
FOUR NIGHTS GOLF BREAKS THE TRIBE HOTEL THE TRIBE HOTEL ***** NAIROBI + GOLF PACKAGE: FROM US$ 1040 PER PERSON INCLUDES Meet and greet All transfers 4 nights at The Tribe Hotel - Bed & Breakfast 2 green
More informationSales Training Programme. Module 7. Objection handling workbook
Sales Training Programme. Module 7. Objection handling workbook Workbook 7. Objection handling Introduction This workbook is designed to be used along with the podcast on objection handling. It is a self
More informationwealth management planning for the life you want to live
wealth management planning for the life you want to live the greatest wealth is your peace of mind what do you want to do with your life? How often have you been asked that question by a company that's
More informationAdviceguide Advice that makes a difference
Package holidays Package holidays - what the law says When you buy a package holiday, the law requires the tour operator to use reasonable care and skill in arranging the holiday. Also, the holiday must:
More informationB312 Hospitality and Tourism Management. Module Synopsis
B312 Hospitality and Tourism Management Module Synopsis According to United Nation World Tourism Organization (UNWTO) report, Tourism Highlights (2008), tourism has been experiencing positive growth over
More informationSALE TODAY All toys half price
Name: Class: Date: KET Practice PET TestPractice Reading Test and Reading Writing KET PET Part 1 Questions 1 5 Which notice (A H) says this (1 5)? For Questions 1 5 mark the correct letter A H on your
More informationPlacement Test English (A1, A2, B1)
Placement Test English (A1, A2, B1) Name: Date: Questions 1-5 Where can you see these notices? For questions 1 to 5, mark one letter a), b) or c). 1 Please leave your room key at Reception. a) in a shop
More information1. BODY AND SOUL 2. ATOMIC BOMB 3. GOOD NAME
1. BODY AND SOUL When I play my kind of music I m playing for your Body and Soul When I sing my kind of song I m singing for your Body and Soul If you find yourself feeling happy Better come and dance
More informationIt is with great pleasure that I address you here today. I would like to. thank Luis for providing this opportunity. The subject that I will discuss
Ladies and gentlemen, It is with great pleasure that I address you here today. I would like to thank Luis for providing this opportunity. The subject that I will discuss today, is recovery and reform.
More informationCape Verde Jetaway Booking Terms and Conditions
Cape Verde Jetaway Booking Terms and Conditions Your contract Your holiday arrangements are booked through Cape Verde Jetaway Limited. Our registered office is at 32 Vereker Road, London, W14 9JS and our
More informationEconomics. Worksheet 11.1. Circular Flow Simulation
Worksheet 11.1 Circular Flow Simulation Please note this is a class activity. Why not suggest it to your teacher? Objective: To understand how productive resources, goods and services and money flow from
More informationTOURISM INDUSTRY IN SWEDEN
TOURISM INDUSTRY IN SWEDEN SECTOR OVERVIEW Sweden s fastest growing industry 1 SWEDEN - AN ATTRACTIVE DESTINATION SECTOR OVERVIEW The Swedish Travel and Tourism sector offers everything required for doing
More informationHere are several tips to help you navigate Fairfax County s legal system.
Since 2004, I ve been a daily presence in the Fairfax County Courthouse and have handled hundreds of drug cases as both a Prosecutor and a Defense Attorney. I have spent the last decade analyzing the legal
More informationFRACTIONAL INVESTMENT
THE RICHER RETIREMENT SPECIALISTS GUIDE TO FRACTIONAL INVESTMENT WWW.AVANTISWEALTH.COM FRACTIONAL OWNERSHIP IS A UNIQUE OPPORTUNITY WHERE UNCONNECTED BUYERS COLLECTIVELY AND SECURELY OWN THE FREEHOLD OF
More informationYOUR BUSINESS PLAN.
YOUR BUSINESS PLAN Before completing this form, please ensure your version of Adobe Reader is up to date. To download the latest version for free, please click here APPLICANT: DATE COMPLETED: PUB: BUSINESS
More informationSupported By: Tennis Holidays You ll Love 3
holidays single player weeks 2016 Tennis Holidays You ll Love 3 Single Player Weeks Advanced - Algarve 4 Intermediate - Algarve 5 Intermediate - Mallorca 6 Improver - Algarve 7 Venues - Algarve Luz Bay
More informationWe are a customer-focused company! We are a sales-driven organization! We are a market-driven corporation!
Should your organization be sales-driven? How do you know? Chuck Reaves, CSP, CPAE OVERVIEW We are a customer-focused company! We are a sales-driven organization! We are a market-driven corporation! I
More informationFunding Small Business Ownership Transfers. Using Small Business Administration (SBA) Financing Strategies. 2016 Cornerstone Wealth Management Group
Funding Small Business Ownership Transfers Using Small Business Administration (SBA) Financing Strategies 2 About 80 percent of U.S. business owners say they want to pass their family business on to the
More informationSetting Up A Business In Portugal: Key Issues To Consider
Setting Up A Business In Portugal: Key Issues To Consider CURRENT BUSINESS ENVIRONMENT The combination of Portugal s economic openness, strong ties with the EU and unique geo-strategic location, make it
More informationLouis plc Group. Presentation. December 2006
Louis plc Group Presentation December 2006 2 Overview of Louis plc The Louis plc Group is a diversified international group whose core competency stems from its 71 year history in the tourism industry.
More informationUsing Credit Strategies Wisely in Retirement Planning.
Using Credit Strategies Wisely in Retirement Planning. Prepared by. Lawrence Katz, Regional Private Banking Manager. Todd Barfield, Regional Private Banking Manager. In this white paper. 1 Meeting capital
More informationLONDON SUMMER ACADEMY. Immersion into the world of hospitality
LONDON SUMMER ACADEMY Immersion into the world of hospitality DISCOVER YOUR PASSION FOR HOSPITALITY Program overview The essentials The Glion London Summer Academy offers you a two-week holiday course
More informationPROVIDENCE S GREEN AIRPORT CELEBRATES ARRIVAL OF CONDOR AIRLINES WITH SERVICE TO FRANKFURT AND CONNECTING EUROPEAN DESTINATIONS
PROVIDENCE S GREEN AIRPORT CELEBRATES ARRIVAL OF CONDOR AIRLINES WITH SERVICE TO FRANKFURT AND CONNECTING EUROPEAN DESTINATIONS WARWICK, RHODE ISLAND (June 18, 2015) Business travel to Frankfurt and that
More informationChinese Overseas Tourism on the Rise Globally
Chinese Overseas Tourism on the Rise Globally Chinese Outbound Tourism Demographics Chinese Outbound Tourism Demographics China s Overseas Tourist Groups BUSINESS The Chinese business tourist is a growing
More informationAPPROVED EDEXCEL BTEC CENTRE
GET A REALLY DEMANDED PROFESSION! The tourism and hospitality industry is a rising star of the world economy. It is estimated that in 2020 it will employ every 11th person on the planet! After studying
More informationCalifornia Treasures High-Frequency Words Scope and Sequence K-3
California Treasures High-Frequency Words Scope and Sequence K-3 Words were selected using the following established frequency lists: (1) Dolch 220 (2) Fry 100 (3) American Heritage Top 150 Words in English
More informationTours for schools & clubs 01684 293175 QUOTATION
QUOTATION THE 6 TH CAPE TOWN INTERNATIONAL SCHOOLS TENNIS TOURNAMENT OCTOBER 2015 ABOUT US These are just some of the reasons why over 200 schools and teams chose to tour with Gullivers: Established company
More informationOPENING UP OF THE AIR TRANSPORT MARKET IN GREECE UNDER LIBERALIZATION. (Submitted by Greece)
February 2003 English and French only OPENING UP OF THE AIR TRANSPORT MARKET IN GREECE UNDER LIBERALIZATION (Submitted by Greece) 1. INTRODUCTION 1.1 Until 1991, Greek air transport had developed within
More informationEconomic Impact of a Regional Casino in Scotland
Enterprise and Lifelong Learning Potential Economic Impact of Regional Casino in Scotland Overview/Summary POTENTIAL ECONOMIC IMPACT OF A REGIONAL CASINO IN SCOTLAND Overview/Summary 1. This paper outlines
More information