Since the 2014-2015 season started Sharjah’s Khor Fakkan port has received 13 major cruise-liners with a total of more than 30,000 tourists on board. Jeffrey E Biteng / The National
Since the 2014-2015 season started Sharjah’s Khor Fakkan port has received 13 major cruise-liners with a total of more than 30,000 tourists on board. Jeffrey E Biteng / The National

Sharjah to ride the cruise wave



Sharjah is becoming an increasingly visited emirate.

Not only from those passing along Mohammed bin Zayed Road but those arriving along the coast of the Arabian Sea or the Gulf of Oman – cruise passengers. International cruise traffic is expected to bring in 80,000 tourists this season as more than 36 international cruise ships are scheduled to visit the emirate. The Khor Fakkan Port on Sharjah’s east coast is the main beneficiary of the surge in passenger traffic since the 2014-2015 cruise season began in October. Christmas Eve and the day after Christmas Day 2014 saw two major cruise ships, TUI Mein Schiff 2 and Costa neoRiviera arrive in Khor Fakkan with an estimated total of 4,000 passengers on board.

Passengers on a cruise liner live in a something of gilded cage. They have everything they need to keep themselves in the lap of luxury for the duration of their voyage and also have a variety of opportunities to leave the elegant confines for a few hours to explore the exotic surroundings they find themselves in for that day.

Cruise liners, depending on the operator, will spend anything from a few hours in a port to a maximum of one night and two days – the prices of the port, the opportunities for passenger’s time spent on land, as well as the age and activity levels of the liner’s customers all play an important part in where the ship will dock and for how long.

While a cruise liner has everything a holidaymaker needs, it does not have the authentic mementoes of far- flung places bought in the original habitat. That is where the docking ports come in, a spider’s web of souqs, sales offers, entertainment and eateries await – a carefully spun tableau of heritage, culture and commercial enterprise.

The visited ports are a big spending opportunity for cruise takers and are becoming an increasingly important hub for tourism, food and beverage, retail and marketing.

The Sharjah Commerce and Tourism Development Authority makes special arrangements to welcome cruise passengers with visitors taken on tours of Heritage Village and treated to traditional hospitality at an Emirati dwelling where they were welcomed with dates and Arabic coffee. The visitors, in various groups, also get an opportunity to learn about Emirati customs, traditions, food, culture, traditional attire and the art of henna painting.

“Revenue is being generated through the development of touristic infrastructure and sale of bespoke shore exposure in cooperation with the private and public sector,” says Conny Boettger, the manager for the Destination Development Department, Sharjah Commerce and Tourism Development Authority. “In general [we generate revenue] directly via sale of shore exposure and passengers’ use of touristic facilities and general infrastructure such as taxis, local shops, money exchange, et cetera. From a cruise perspective, our main generating markets are German, Italian, French, Spanish, the UK and the US.”

The cruise business is becoming an important part of the UAE’s tourist offering. Since the 2014-2015 season started Sharjah’s Khor Fakkan port has received 13 major cruise-liners with a total of more than 30,000 tourists on board. During the current season, more than 36 international cruise ships are scheduled to visit the emirate. There are a number of tourism projects and high-end hotels such as the Chedi Khor Fakkan and the Kalba eco-tourism initiative unveiled to bolster the tourist offering in the region. The cruise stops and visitor numbers back up the growing global interest in Sharjah, particularly in its picturesque east coast.

The Arabian Gulf is fast becoming a busy destination for cruise liners. Dubai has three terminals, the third of which, the Hamdan bin Mohammed Cruise Terminal in Port Rashid, opened in December. It is the largest covered cruise facility in the world and this month welcomed five ships simultaneously for the first time in its history.

More than 25,000 passengers and crew of the Costa Serena, AIDA diva, Amadea, MSC Orchestra and Costa neoRiviera, arrived at the port in mid January. The new facility can take seven cruise liners and was due late yesterday to welcome the luxury cruise liner Queen Mary II after it left Khor Fakkan.

The mammoth ship cost Dh2.5 billion to build and is operated by Cunard Line. The liner, which has sailed from the Jordanian city of Aqaba, is carrying more than 2,000 passengers and a crew of at least 1,000.

“We have ambitious targets for cruise visitors as part of the Tourism Vision for 2020 and we expect to welcome 450,000 cruise visitors by 2016,” says Hamad bin Mejren, the executive director of Dubai Tourism. “We are confident these figures are achievable given the new multiple entry UAE visa for cruise tourists, which will open new source markets for us like India and China.”

Dubai has been accommodating cruise ships since 1967 and the new terminal can welcome 14,000 people every day. Dubai’s 2020 vision is to attract 20 million tourists a year with the cruise business picking up 5 per cent of that total, welcoming a million cruising passengers annually. It is hoped the new terminal, along with the existing facilities, will accommodate up to 7 million passengers a year.

Dubai’s big push is to become a hub for cruising traffic with passengers flying into Dubai, staying a couple of nights in the city before embarking on a cruise though the Gulf and returning back to Dubai. The tours sold out of Dubai are becoming an ever increasing driver of business, seeing 15 per cent to 20 per cent year on year increases in sales.

“While Sharjah and Abu Dhabi both have attractive ports, cruises from Dubai are the most popular,” says Samer Assaad, the director of Alpha Holidays. “We have found that a lot of Emirati holidaymakers are enjoying the cruises through the Gulf enjoying the facilities on board the ships. Sales have jumped 15 to 20 per cent every year.

“Our main packages are four days on board stopping at Abu Dhabi and Oman. Of course the ship arrives carrying passengers from Europe who will enjoy themselves ashore,” Mr Assaad says. “It is mainly visitors from Saudi Arabia that fly in and join the boat in Dubai.”

Abu Dhabi Ports Company (ADPC) expects an increase of nearly 25 per cent more cruise ships in the capital and 16 per cent additional passengers following the issuance of multiple entry visas to the UAE. Tourists can now enter the UAE through any of its airports, continue on a cruise out of its ports and come back to the Emirates on the same visa.

ADPC expects a steady increase in cruise tourists over the next few years, forecasting 130 ships and 300,000 passengers to call on Abu Dhabi in the 2019-2020 season. A new cruise passenger terminal is set to open in 2016, which will be able to handle three vessels simultaneously and cope with up to 2,500 passengers a day.

Meanwhile, Qatar’s Doha Port is expecting to cater to cruise tourists exclusively from 2016 after commercial port operations move to a US$7.4bn facility outside the city.

In Oman Sultan Qaboos Port is to be revamped to cater to cruise ships. There are also plans to revamp Salalah and Musandam’s Khasab ports for cruise tourists.

ascott@thenational.ae

COMPANY PROFILE

Company name: Almouneer
Started: 2017
Founders: Dr Noha Khater and Rania Kadry
Based: Egypt
Number of staff: 120
Investment: Bootstrapped, with support from Insead and Egyptian government, seed round of
$3.6 million led by Global Ventures

Manchester City transfers:

OUTS
Pablo Zabaleta, Bacary Sagna, Gael Clichy, Willy Caballero and Jesus Navas (all released)

INS
Ederson (Benfica) £34.7m, Bernardo Silva (Monaco) £43m

ON THEIR WAY OUT?
Joe Hart, Eliaquim Mangala, Samir Nasri, Wilfried Bony, Fabian Delph, Nolito and Kelechi Iheanacho

ON THEIR WAY IN?
Dani Alves (Juventus), Alexis Sanchez (Arsenal)

The specs: 2018 BMW X2 and X3

Price, as tested: Dh255,150 (X2); Dh383,250 (X3)

Engine: 2.0-litre turbocharged inline four-cylinder (X2); 3.0-litre twin-turbo inline six-cylinder (X3)

Power 192hp @ 5,000rpm (X2); 355hp @ 5,500rpm (X3)

Torque: 280Nm @ 1,350rpm (X2); 500Nm @ 1,520rpm (X3)

Transmission: Seven-speed automatic (X2); Eight-speed automatic (X3)

Fuel consumption, combined: 5.7L / 100km (X2); 8.3L / 100km (X3)

Profile

Company name: Marefa Digital

Based: Dubai Multi Commodities Centre

Number of employees: seven

Sector: e-learning

Funding stage: Pre-seed funding of Dh1.5m in 2017 and an initial seed round of Dh2m in 2019

Investors: Friends and family 

World Test Championship table

1 India 71 per cent

2 New Zealand 70 per cent

3 Australia 69.2 per cent

4 England 64.1 per cent

5 Pakistan 43.3 per cent

6 West Indies 33.3 per cent

7 South Africa 30 per cent

8 Sri Lanka 16.7 per cent

9 Bangladesh 0

POWERWASH SIMULATOR

Developer: FuturLab
Publisher: Square Enix Collective
Console: Nintendo Switch, PlayStation 4 & 5, Xbox Series X/S and PC
Rating: 4/5

COMPANY PROFILE

Name: Xpanceo

Started: 2018

Founders: Roman Axelrod, Valentyn Volkov

Based: Dubai, UAE

Industry: Smart contact lenses, augmented/virtual reality

Funding: $40 million

Investor: Opportunity Venture (Asia)

How to wear a kandura

Dos

  • Wear the right fabric for the right season and occasion 
  • Always ask for the dress code if you don’t know
  • Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work 
  • Wear 100 per cent cotton under the kandura as most fabrics are polyester

Don’ts 

  • Wear hamdania for work, always wear a ghutra and agal 
  • Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying
Specs

Price, base: Dhs850,000
Engine: 3.9-litre twin-turbo V8
Transmission: Seven-speed automatic
Power: 591bhp @ 7,500rpm
Torque: 760Nm @ 3,000rpm
Fuel economy, combined: 11.3L / 100km

Kanye West

Ye — the rapper formerly known as Kanye West — has seen his net worth fall to $400 million in recent weeks. That’s a precipitous drop from Bloomberg’s estimates of $6.8 billion at the end of 2021.
Ye’s wealth plunged after business partners, including Adidas, severed ties with him on the back of anti-Semitic remarks earlier this year.
West’s present net worth derives from cash, his music, real estate and a stake in former wife Kim Kardashian’s shapewear firm, Skims.

A QUIET PLACE

Starring: Lupita Nyong'o, Joseph Quinn, Djimon Hounsou

Director: Michael Sarnoski

Rating: 4/5

Four reasons global stock markets are falling right now

There are many factors worrying investors right now and triggering a rush out of stock markets. Here are four of the biggest:

1. Rising US interest rates

The US Federal Reserve has increased interest rates three times this year in a bid to prevent its buoyant economy from overheating. They now stand at between 2 and 2.25 per cent and markets are pencilling in three more rises next year.

Kim Catechis, manager of the Legg Mason Martin Currie Global Emerging Markets Fund, says US inflation is rising and the Fed will continue to raise rates in 2019. “With inflationary pressures growing, an increasing number of corporates are guiding profitability expectations downwards for 2018 and 2019, citing the negative impact of rising costs.”

At the same time as rates are rising, central bankers in the US and Europe have been ending quantitative easing, bringing the era of cheap money to an end.

2. Stronger dollar

High US rates have driven up the value of the dollar and bond yields, and this is putting pressure on emerging market countries that took advantage of low interest rates to run up trillions in dollar-denominated debt. They have also suffered capital outflows as international investors have switched to the US, driving markets lower. Omar Negyal, portfolio manager of the JP Morgan Global Emerging Markets Income Trust, says this looks like a buying opportunity. “Despite short-term volatility we remain positive about long-term prospects and profitability for emerging markets.” 

3. Global trade war

Ritu Vohora, investment director at fund manager M&G, says markets fear that US President Donald Trump’s spat with China will escalate into a full-blown global trade war, with both sides suffering. “The US economy is robust enough to absorb higher input costs now, but this may not be the case as tariffs escalate. However, with a host of factors hitting investor sentiment, this is becoming a stock picker’s market.”

4. Eurozone uncertainty

Europe faces two challenges right now in the shape of Brexit and the new populist government in eurozone member Italy.

Chris Beauchamp, chief market analyst at IG, which has offices in Dubai, says the stand-off between between Rome and Brussels threatens to become much more serious. "As with Brexit, neither side appears willing to step back from the edge, threatening more trouble down the line.”

The European economy may also be slowing, Mr Beauchamp warns. “A four-year low in eurozone manufacturing confidence highlights the fact that producers see a bumpy road ahead, with US-EU trade talks remaining a major question-mark for exporters.”


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