General Travel News

Qatari Diar to invest in Cyprus

May 9 - The Cyprus Government has signed an agreement with Qatari Diar Real Estate Investment Company to invest Dh551 million in a real estate venture that includes a five-star hotel, luxury apartments, retail space and office buildings, said officials on Saturday.
This development will take place in Cyprus’ capital Nicosia and both countries will be equal stakeholders in the project."This major tourism development underscored the strong relationships that exist between Cyprus and the Middle East countries and clearly underlines the confidence in the Cyprus economy, which has remained relatively unscathed in the global economic climate. This development needless to say has helped restore investor confidence in the tourism industry of Cyprus," said Antonis Paschalides, Cyprus minister of trade, commerce and tourism.
The project will be completed in 30 months and construction is due to begin in two months’ time. Tourists to Cyprus from the Middle East rose 9.5 per cent in the first quarter of this year. Total arrivals from the Middle East are expected to surpass 50,000 in 2010.
 

More General Travel News
Constance Halaveli Maldives offers the luxury of space in seclusion
Multiple Langham Hotels named in 2020 Readers' Choice Award
Swiss Belhotel to open 4 new hotels in the GCC
Latest Travel News
Multiple Langham Hotels named in 2020 Re...
Swiss Belhotel to open 4 new hotels in t...
Abu Dhabi and Wizz Air announce establis...
Featured Sights To See
Sensoji Temple

Sensoji Temple

Tokyo, Japan

This is arguably Tokyo’s most popular temple. It has stood at this very location since 628 A.D. despite having been destroyed during WWII in 1945 during a bombing raid, it was rebuilt soon after. The myth surrounding this temple is that two fishermen catching fish in the Sumida river caught instead a golden statue of the goddess of Mercy and Happiness namely Kannon. The temple is said to house thi...

The Soho

The Soho

Hong Kong, China

The Soho is located in Mid levels at the border of Sheung Wan, in Central district. This is an entertainment zone. It has many bars, nightclubs, restaurants in both the Elgin and Staunton Streets. There are also art galleries and stores with traditional antiques.  There are many commercial buildings with residents on the higher floors. It has a blend of the modern with age old traditions in i...

Calles Florida

Calles Florida

Buenos Aires, Argentina

is a must-visit. It is located downtown and is one of the famous pedestrian streets in the city. There are many shops to suit all budgets and this is a good place to practice your Spanish as people are used to tourists. The downside of this though, is that there are plenty of porteños trying to scam you, so be on the lookout for prices that seem exorbitant and “authentic” Argentinian produce. Cal...

House of Terror

House of Terror

Budapest, Hungary

This building has a frightening history as it was once the headquarters of AVH secret police. This force arrested and tortured activists from all sorts of political persuasions within this building and the plaque outside reads: “We cannot forget the horror of terror, and the victims will always be remembered”. Remembered they will be as the wall outside the foyer displays their photos, a tank sits...