world tourism investment forum

Powerful shaping the future of tourism

The Global Tourism Forum, or GTF for short, is an international collaboration platform focused on addressing the challenges for the travel industry. Combining the joint efforts of government agencies, industry stakeholders and academia, GTF strives to achieve sustainable development models for emerging travel markets, as well as devising strategies to ensure tourism growth.

Reserve your seat!

Global Tourism Forum is the most influential platform on Tourism Industry in the World. Reserve your seat in our events and have great opportunity to meet sector leaders from all around to world!

Hear from and meet to most respected & well-known decision makers and policymakers

The World Tourism Forum Institute and Global Tourism Forum tap into their vast network to bring leaders and top-level executives together at the GTF events. We collaborate with our host countries to invite the most appropriate guests of the highest possible calibre.

Our events attract some of the most notable names and faces in the world as VIP speakers.

Former Prime Minister of United Kingdom

President François Hollande

Former President of the French Republic

Akbar Albaker

David Sassoli

Jose Manuel Barroso

President, European Commission (2004-2014)

Federico J. González

Sebastian Bazin

Kenneth Robert Livingstone

Former Mayor of London

Umbrella Brand

World tourism forum institute.

Global Tourism Forum is an initiative of London based World Tourism Forum Institute. Starting from 2020, World Tourism Forum Institute’s events will be entitled as Global Tourism Forum.

www.worldtourismforum.net

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Right People, Right Place, Right Topics

Our meetings represent a one-of-a-kind opportunity for participants to grow their business networks, and for attendees to discover more about the destination’s rich and diversified offerings. You can have special business meetings with tourism professionals, governmental and non-governmental organization executives, domestic and foreign operators, travel agencies, tourism organizations, high-level executives of hotel groups, etc. These can be sponsored by local stakeholders who wish to raise their profile, and used as break-out “workshops” and formidable networking opportunities by those who are leading panel discussions.

These meetings will help participants make direct contact with potential partners and world leaders in order to learn about the latest news and trends in tourism, promote their business, and share experiences.

'Special Address' by Tony Blair, on situation of global industry during post-covid era.

Former British Prime Minister Tony Blair says vaccination is the only way out of the pandemic for the tourism industry.

Blair said if international organizations, such as the UN, Group of 7 and Group of 20, prioritize the equitable distribution of vaccine, inoculation can be completed globally by the end of 2022.

Speech of François Hollande, Former President of France

A forseen on aviation by Akbar Al Baker, Group CEO of Qatar Airways

A review on hospitality by Sébastien Bazin, Chairman and CEO of AccorHotels

Special address by David Sassoli, Former President of European Parliament

Supporting partners.

Testimonies

I am delighted to speak for this important summit that is organized by the World Tourism Forum Institute.

Tony Blair | Former Prime Minister of United Kingdom

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Enable participants to acquire an overview of the current and future strategies for hosting country and build synergies among all the stakeholders for a shared vision. Build together a set of general guidelines, which, by including integrated and relevant content, can be used as a reference for action to develop host country’s tourism.

Special invitation or registration is needed to participate in Global Tourism Forum. Participation is limited and it is open to sector professionals.

During the events; awards ceremony and panels are organized according to create the network between the participants, speakers and high level guests, also B2B Meetings are the basic points for the elaborate the networks.

Leaders shaping the world tourism, travel agencies and tour operators, local and foreign businessmen, investment groups and bankers, investment consultancy companies, politicians, senior executives and public authorities will form the majority of the groups participating in the event. The number of visitors will be limited at the event. A special invitation will be sent to the target audience.

We bring international newspapers, magazines and TV channels to the host country. They will share information about the event and potential of tourism in the host country within the scope of the event. Press list will be clear 1 month before of event.

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(in cooperation with Ivy Alliance Tourism Consulting)

Moderators:

WANG Xinjun (王新軍) President and Chief Executive Officer of Ivy Alliance Tourism Consulting (Mainland China)

Speakers: Natalia BAYONA Executive Director, World Tourism Organization (UNWTO) (Spain)

MIAO Muyang (繆沐陽) Director General of the Industrial Development Department, Ministry of Culture and Tourism of the People's Republic of China (Mainland China)

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Sri Lanka’s Prime Minister Dinesh Gunawardena has urged the country’s envoys to attract investments and tourists by taking advantage of Sri Lanka’s rich history and natural beauty, a press statement by the Sri Lankan PMO said.

During a meeting held at the Prime Minister’s office, Gunawardena told nine newly appointed ambassadors and the high commissioner that the country’s diplomatic practices have undergone a major transformation and today’s priority is economic diplomacy.

He emphasised the need to strictly follow the foreign policy of peace and nonalignment, which has won the respect of the world, and to work with the Sri Lankan community in respective countries to promote Sri Lanka’s interests.

In particular, Gunawardena stressed the need to promote Buddhist tourism in Bangkok, Hanoi, Beijing, and Yangon.

The new envoys were informed they would be expected to take on a greater role in promoting economic development, investment, and skills development in Sri Lanka.

Gunawardena also expressed confidence that the new team will be successful in attracting investments and tourists to Sri Lanka and stressed the importance of cooperation and collaboration between the government, political parties, and civil society organisations on this front.

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A new economic partnership is emerging between Africa and the Gulf states

Tanzania's Dar es Salaam port is partially operated by the UAE's DP World — one of many economic partnerships across Africa. Image:  REUTERS/Katrina Manson

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Stay up to date:.

• Last year, companies in the GCC announced 73 foreign direct investment projects in Africa worth more than $53 billon.
• This new economic partnership between the Gulf countries and Africa is expected to grow in value, thanks in part to the Africa Continental Free Trade Area.
• African leaders are among those attending this week's Special Meeting on Global Collaboration, Growth and Energy for Development.

This week, Bola Tinubu, the President of Nigeria, Paul Kagame, the President of Rwanda, and over 35 ministers from across Africa participated in the Special Meeting on Global Collaboration, Growth, and Energy for Development in Riyadh.

The emerging economic relations between Africa and the Gulf Cooperation Council (GCC) — namely the UAE, Saudi Arabia, Qatar, Kuwait, Bahrain and Oman — are poised for significant growth, driven by mutual interests in diversification, investment and sustainable development. More pointedly, last year, companies in the GCC announced 73 Foreign Direct Investment (FDI) projects in Africa worth more than $53 billion.

The growing Africa-GCC economic partnership, shaped by geographical proximity, is focused on addressing critical issues such as food security, the energy transition and infrastructure development.

Have you read?

How the private sector can lead on sustainable development in the middle east and north africa, unlocking africa's $1 trillion food economy: the role of global aid and sustainable technology, africa and the gulf: an emerging economic partnership.

Over the last decade GCC countries have collectively invested over $100 billion in Africa. The UAE has invested $59.4 billion. Saudi Arabia and Qatar have invested $25.6 billion and $7.2 billion respectively. Notably, during this period, the UAE has been the fourth largest foreign direct investor in Africa, behind China, the EU and the United States.

For example, in March, International Holding Company, an Emirati company, purchased a 51% stake in Zambia’s Mopani Copper Mines. In January, the government of Saudi Arabia signed deals with four African countries to explore mining partnerships, and in 2020 Qatar Airways invested $1.3 billion to acquire 49% of RwandAir and a 60% stake in the Bugesera International Airport, which has been under construction since 2017.

These investments and partnerships are timely and much needed. According to Africa Finance Corporation, Africa has a $150 billion infrastructure funding gap , and UNCTAD’s World Investment Report concluded that FDI flows to Africa declined to $45 billion in 2022 from the record $80 billion set in 2021.

Moreover, China's investments and loans in Africa have shown a notable decline in recent years. This shift is attributed to various factors including China’s own economic challenges and shifting priorities towards more sustainable development models. Consequently, total new loan commitments in 2022 were only $995.5 million compared to a high of $28.5 billion in 2016.

A new era for trade and investment

During the last decade, the sum of imports and exports between UAE and sub-Saharan Africa increase by over 30%, and trade between Saudi Arabia and sub-Saharan Africa is now 12 times the value it was a decade ago.

The Africa Continental Free Trade Area (AfCFTA) will accelerate this trend by offering GCC companies access to a larger, unified African market. Officially launched in 2021, the African Continental Free Trade Area (AfCFTA) creates a single market projected to grow to 1.7 billion people and $6.7 trillion in consumer and business spending by 2030. The preferential trade agreement will increase international exports and intra-African trade, unlocking tremendous opportunities for local and global businesses to enter into and expand throughout new markets across the continent.

In May 2022, the World Economic Forum launched the Forum Friends of the Africa Continental Free Trade Area: an initiative aimed at mobilizing the private sector to the support the implementation of the AfCFTA agreement through public-private collaboration. Companies from the GCC region have actively contributed to this initiative under the private sector action plan for the AfCFTA.

For example, DP World , an Emirati multinational logistics company, is investing $80 million into a mega logistics park spread over 300,000 square metres in Sokhna, Egypt, in an agreement with Egypt’s Suez Canal Economic Zone. The company has also signed a 30-year contract to upgrade and operate part of Tanzania’s Dar es Salaam port.

Similarly, to address challenges facing international companies entering the African market, Agility , a Kuwait-based global logistics company, is campaigning to inspire FDI and multinational access to the African market. It aims to enable FDI, increase trade volumes and build confidence from other investors by working through local logistics providers.

As a next step, during the Special Meeting this week, the Forum will launch a partnership with the government of Saudi Arabia to support the work of the Forum Friends of the Africa Continental Free Trade Area , and the broader trade and investment work of the Forum in Africa.

As both regions navigate global economic shifts, within the context of de-risking strategies (the process of managing the vulnerabilities generated by an interdependent world), the Africa-GCC partnership is expected to deepen, marked by increased investments, trade and joint ventures, contributing to economic resilience and growth.

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The views expressed in this article are those of the author alone and not the World Economic Forum.

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• Tashkent Investment Forum Focuses on Central Asian Development

By Dana Omirgazy in Business , Central Asia on 4 May 2024

ASTANA – Kazakh Deputy Foreign Minister Nazira Nurbayeva took part in the Tashkent International Investment Forum, which focused on the development prospects of the Central Asian region and launched the Trade Connect Central Asia+ project on May 2-3, reported the Kazakh Foreign Ministry’s press service.

Photo credit: Foreign Ministry

During the event, Nurbayeva outlined combined efforts by Kazakhstan and Uzbekistan to strengthen cooperation in all areas.

In 2023, trade turnover between the countries exceeded $4 billion. The countries intend to increase the volume to $10 billion.

In recent years, both countries have made progress in the industrial area, a key area of cooperation between the states. Currently, work is underway on 60 projects worth $2.6 billion, of which 55 projects are in Kazakhstan and five projects are in Uzbekistan.

Kazakh Deputy Foreign Minister Nazira Nurbayeva took part in the Tashkent International Investment Forum. Photo credit: Foreign Ministry

Kazakhstan has effectively implemented 11 joint projects worth $144 million. Today, the country is implementing three joint projects worth $181 million. At the same time, 46 projects worth nearly $2.3 billion are being developed through joint efforts.

“We have great opportunities to advance and expand cooperation in many priority sectors. Therefore, we propose to jointly work on projects in energy, industry, transport, agriculture, water use, ecology and education,” said Nurbayeva.

During the forum, Kyrgyz Prime Minister Akylbek Japarov highlighted that Kyrgyz Republic and Uzbekistan plan to increase trade turnover to $2 billion. He presented the project for constructing the Kambar-Ata-1 hydroelectric power plant (HPP) and spoke about the country’s energy potential.

Kazakhstan, the Kyrgyz Republic, and Uzbekistan agreed last year to build the Kambar-Ata-1 HPP on the Naryn River in Kyrgyz Republic to generate electricity for Central Asian countries and ensure the region’s sustainable water supply.

As part of the forum, the International Islamic Trade Finance Corporation (ITFC) launched the Trade Connect Central Asia+ (TCCA+) project, which aims to achieve inclusive economic growth and regional economic cooperation and develop trade between Central Asian countries, Azerbaijan and other countries.

The TCCA+ program will help improve manufacturing, facilitate regional trade by reducing border crossing times and costs, increase regional business connectivity, and enhance regional competitiveness by reforming trade policies and improving the effectiveness of trade support institutions among member countries.

The forum was attended by senior officials of several states, including the Speaker of the Singaporean Parliament Seah Kian Peng, Vice President of Türkiye Cevdet Yilmaz, representatives of international organizations and financial institutions such as the European Bank for Reconstruction and Development (EBRD), United Nations Economic Commission for Europe (UNECE), and the Organization of Petroleum Exporting Countries (OPEC) Fund for International Development.

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• Roundup: Zimbabwe seeks to attract more foreign investment

HARARE, May 4 (Xinhua) -- Zimbabwe has reaffirmed its commitment to boosting foreign investment, following the recent partial lifting of United States sanctions on the country.

Speaking at a two-day Zimbabwe Investment Summit that concluded in Johannesburg, South Africa, on Friday, several Zimbabwean government ministers reiterated the readiness to welcome new, increased foreign investment into the country, taking advantage of the partial lifting of the sanctions as well as investor-friendly policies and incentives that are being offered by the government.

Zimbabwe is seeking to attract foreign investment in all sectors of the economy so that the country can transform into an upper-middle income economy by 2030, Finance Minister Mthuli Ncube said while officially opening the summit.

"The main objective of this summit is to drive investment in all sectors of the economy as well as to position Zimbabwe as a profitable investment destination," Ncube said.

He said that Zimbabwe's economic recovery after the COVID-19 pandemic has been strong and is continuing on a positive trajectory.

"Zimbabwe has been growing strongly, and it probably has been the fastest-growing economy in southern Africa over the past three years," Ncube said. "Compared to where the global economy is, you can see that Zimbabwe is bucking the trend."

Zimbabwe possesses vast investment opportunities in mining, agriculture, especially in the horticulture sub-sector, energy, transport, tourism, health, environment, telecommunications, and the financial services sector, he said.

The minister said Zimbabwe's financial services sector, now dominated by commercial and microfinance banking, needs to be strengthened by attracting more investment in investment banking. "The market is open to all investors, issuers, market intermediaries, foreign and domestic, including Zimbabweans in the diaspora."

Deputy Minister of Mines and Mining Development Polite Kambamura highlighted the vast mineral resources in the country waiting to be fully exploited, including the recently discovered oil and gas deposits.

He said ease-of-doing-business reforms have been implemented to attract and retain investment in the sector.

"Zimbabwe is an awakening giant. The best time to come and put your money in Zimbabwe is now, not tomorrow," Kambamura said.

Elias Magosi, executive secretary of the Southern African Development Community (SADC), said the regional economic grouping continues to call for the total, unconditional removal of sanctions on Zimbabwe so that it can realize its full economic potential.

"You can label them and say they are partial sanctions, but they remain sanctions regardless, even if there is only one person sanctioned," he said while addressing the summit.

"Investors outside, especially those from the developed world, the moment they see or hear the word sanctions, they do not care how it is disaggregated," Magosi said. "This is why SADC's consistent message has been the total, unconditional removal of sanctions so that Zimbabwe can then attract investment and join meaningful activation of economic development like all the other 15 SADC member states."

On March 4, the U.S. terminated a sanctions program that had been in force since 2003.

However, new sanctions were imposed on 11 individuals, including Zimbabwean President Emmerson Mnangagwa and Vice President Constantino Chiwenga, as well as three entities, over alleged involvement in corruption and human rights abuses.

The SADC has been pushing for the total removal of these sanctions since 2019, when the regional bloc adopted a resolution declaring Oct. 25 of every year as the anti-sanctions day, in solidarity with Zimbabwe.

Magosi said the SADC will be unrelenting in its call for the total removal of the sanctions.

"We want the sanctions to be removed on the head of state who is bringing in all these changes and needs partnerships. Those who are placing the sanctions have their own reasons, but we are saying you need to remove the sanctions so that you open doors for business people and investors to come into Zimbabwe," Magosi said. Enditem

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UNWTO global tourism investment forum in Africa

The Secretariat of the World Tourism Organization has the honor to inform its Member States from the UNWTO Commission for Africa that the  UNWTO global tourism investment forum in Africa will be held in Abidjan, Côte d’Ivoire from 20 to 22 February 2020

Note :  In compliance with the United Nations system’s environmental protection policy,  the working documents   will not be distributed on paper  at the venue of the event. Therefore,  delegates are kindly requested to bring with them copies of the documents .  

Online registration closed, please note on-site registration will be available at the Sofitel Hotel Ivoire

In addition to the general registration for the forum, to attend the B2B meetings which will take place on February 21st, please register here: https://form.jotform.com/200432063542341

Flights with Air Côte d’Ivoire: Last minute flight offers for those who have not yet booked their tickets. Website for hotel registration: http://reservation.kelystours.net/

Working documents

• Note verbale
• Provisional programme
• General Information Note
• NOTE ON THE EXHIBITION
• Projects catalogue

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