BRIDGING YOU TO ARAB WORLD

Malaysia and the Arab World Arabic English Monthly Magazine (15th of Every Month), Issue 87, March 2016

GCC INSURANCE SECTOR FACING CHALLENGING TIMES

UAE HOTELS RECORD HIGHEST OCCUPANCY RATE IN MIDEAST 9 772462 249006 ISSN ISSUE 87 RM 6 2462-2494 PP 16000/07/2013(032927) 87

ASWAQ Info

HALAL INDUSTRY CHALLENGES

The Halal Industry is considered one of the fast growing industries in the world in regions with prevalence of Muslim communities. Arab countries have digital issue begun to encourage investment in Halal industries for quite a while. The Halal industries is defined as any product or service produced according to Islamic Law (Sharia Law), and it takes into account all standards and procedures agreed upon, furthermore, it is characterized by quality and adherence to global health standards and codes. The importance of this industry lies within the contributions to the global economy, such as Islamic CHAIRMAN EDITORIAL QATAR OFFICE: Finance providing alternative finance solutions to credit companies that Dato Noor Mohamad Mohamed Al Soofi Tel: +974 6668 2824 lacks the ability to engage in traditional banking system. Maher Ibrahim Mob.: +974 33115135 With the continuous expansion of multi-Islamic economic categories, EXECUTIVE EDITOR-IN-CHIEF Yusuf Waswas Director & DG Eiad Mahmoud Yousuf Mohamad Al Boutary where there are a lot of the challenges workers face in this sector, Dr. Abdulrahim Abdulwahid Abdul Karem Al Jamal consequentially highlighting the important sectors of the Islamic economy, Heba Mostafa Hashem OMAN OFFICE: CONSULTANT BOARD Zanib Abdulrahim Mob.:+968 92925677 which has become a focal point of interest for investors and businessmen Datuk Seri Azman Ujang Director around the world, non-Muslims and Muslims alike, whom are expected to Dato Tuan Ibrahim ART DIRECTOR Mohamad Saad Manal Basalamah reach 2.2 billion Muslims in 2030. EXECUTIVE MANAGER PRINTING In this context, will host this month the 13th edition of "MIHAS" MARKETING Superior Press Sdn Bhd Alaa Abdulwahid exhibition, which is the biggest specialized exhibition in the Halal industry Mohammed AbdulRaheem PP13331/08/2013(032685) PR AND PUBLISHING Amal Mahfoudh Lot2063A, Jalan Kusta, Dr. Abdulrahim Abdulwahid world-wide, which will feature more than 500 international companies www.aswaqpress.com MANAGER Executive Editor-in-Chief & DG from 30 countries to analyze the status quo of the Halal industry globally, DISTRIBUTION Kawasan Industri Taman Giath Fowze [email protected] considering the forecasts of higher global spending on products, food, [email protected] Waleed Salama Jaya, 47000 Darul FINANCIAL MANAGER and lifestyle by 10.8% annually until 2019 turning this sector into an DISTRIBUTION CENTERS Ehsan aswaqpress Sara Yasmin international industry worth USD 3.7 trillion.At this point we completely Malaysia, UAE, Saudi PUBLIC RELATIONS Arabia, agree with the general direction of the United Arab Emirates as a pioneer Qatar, Kuwait and Oman Basem Ayad leader in the Halal industry due to the need to control and audit the E-MEDIA Islamic international standards system in an attempt to reach leadership EDITING MANAGER Mohamed Al Soofi and excellence in standards and regulations pertaining to all aspects of Anas Salman consumer’s health and safety within the Sharia Law’s boundaries which contributes to reinforce trust and credibility to Muslim consumers in the Halal industry, ensuring homogeneity in the application of standards amongst all countries in accordance with standardized mechanisms to ensure the efficiency of these bodies’ halal certification. Strict procedures under the supervision of OIC (Organization of Islamic MALAYSIA UNITED ARAB EMIRATES No.343 )3-rd Floor) , Jalan 2570/A, Desa Sri Dubai, Deira, Abu Hail, New Safia Building, Cooperation) between Muslim pioneers in the Halal industry is perceived Hartamas, 50480 Kuala Lumpur. M. Floor, Office 53A ،Tel: +603 6201 8841 / 8842 Tel: +971 4 2972740, 2971577 [email protected] Mob.: +971 50 646 97 51 to be of utmost importance as to benchmark standards and procedures, www.aswaqpress.com E-mail: [email protected] Facebook.com/aswaqpress www.mediahubintl.com as well as the initiation of a promotional campaign led by Islamic countries throughout OIC to reenact the support of the economy and bolster trust in Halal products and services, despite that, the problem is the mistrust in Islamic countries, either individually or collectively due to the miserable DISTRIBUTION LOCATIONS reality of the Muslim and Arabic common people’s lives in all aspects of EMIRATES AIRLINES BUSINESS LOUNGE  PAVILION MALL KUALA LUMPUR  SUNWAY LAGOON PARK ROYAL HOTEL KL  MALAYSIAN AIRLINES (IN-FLIGHT)  POPULAR BOOKSTORE life, however we still have high hopes and ambition to utilize and exploit TIMES BOOKSTORE  TIMES THE BOOKSHOP  BERJAYA BOOKS WH SMITH (KLIA, LANGKAWI AIRPORT, PENANG AIRPORT)  COLD STORAGE the Halal industry to the maximum in order to attain a prosperous future   MY HERO MERCATO AEON BIG for the next generation.

ASWAQ Magazine | March 2016 5 ASWAQ Info ASWAQ Info

DUBAI’S DEVELOPERS TO GO AHEAD WITH HIGH-PROFILE 10 LAUNCHES INDEX GCC MINISTERS PLAN TO BUILD SMART CITIES 14 GCC INSURANCE SECTOR FACING CHALLENGING TIMES 8 16 18

DUBAI LAUNCHES INTEGRATED HEALTH RECORD SYSTEM 12

UAE HOTELS RECORD HIGHEST OCCUPANCY RATE IN MIDEAST 20 ISLAMIC BANKS PROVE RESILIENT IN FACE OF ECONOMIC DOWNTURN

OMAN'S PORT OF DUQM BEGINS TO EXPORT MINERALS

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Some of the markets in the region are already going The most challenging area is in the commercial lines through a significant competitive challenge where (excluding reinsurance), where total gross written local insurance markets are flooded with too many premiums increased just 6.9 percent in 2014 as small insurers competing against one another for a compared to 20 percent, up 19.3 for the personal relatively limited, undiversified market. The biggest lines of business. The growth of premiums in personal challenge for the insurance industry in the region is lines is largely due to the new legislation making motor GCC INSURANCE SECTOR the intensified competition due to the small market and health insurance compulsory in most markets. as well as the large number of firms. The report also revealed that the direction of oil price FACING CHALLENGING TIMES plays an important role across the region, particularly in the GCC where the currency peg limits the direct Dubai – “ASWAQ” impact of US interest rate policy. There were rising The GCC insurance industry is currently facing pricing pressures and regulatory speculations suggesting that Saudi Arabia could hurdles in 2016, with little opportunity for insurers to diversify themselves, an industry outlook report released by Middle East Global Advisors revealed.

The report added that despite these significant challenges facing the industry, overall premiums continued growing by double digits at around 12.6 percent from 2013 to 2014, which is considered impressive in the face of macro challenges. Among the GCC industry players, Qatar-based Insurance companies recorded the highest asset base. The Qatari insurance industry is gaining momentum mainly due to the government's extensive expenditures in non-oil sectors such as Qatari Rail and the FIFA World Cup 2022. The Saudi insurance sector recorded the highest premium growth due to regulatory reforms and the remove the Riyal's peg to the dollar which would mandatory motor and health insurance, while the significantly impact the future of monetary policy in investment ratio in Qatar and UAE puts insurers based the region. in these countries high in the leader board rankings. Overall, the total size of the insurance industry has not The lowest operating ratios in the region were in the grown in line with the number of players competing UAE, where companies with the lowest ratios are mainly for the existing market, which has resulted in severe non-life insurance providers. Most of these companies price wars and difficulty in sustaining profits. This is the have government stake and have benefited from greatest challenge for insurance companies in the the current trend of the public-private-partnerships Middle East to survive and sustain in an environment that are bringing in more underwriting income for of high competition. these companies. The low combined ratios reveal Insurance companies in the Middle East foresee that more net income are being generated from that slowing economies due to the impact of lower their underwriting activities rather than investment oil prices could slow down the insurance industry's activities. growth in the near-term.

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GCC MINISTERS PLAN TO BUILD UAE PORTS AMONG THE SMART CITIES WORLD'S MOST ADVANCED

Dubai – “ASWAQ” Dubai - “ASWAQ” Ministers of the Gulf Cooperation Council (GCC) countries are planning to adopt UAE Ports rank among the world's largest in terms of advanced equipment, capabilities, the 'Smart Cities' plan as part of the new housing projects to be implemented in shipping and unloading, said Dr Abdullah bin Mohammed Belhaif Al Nuaimi, UAE Minister the GCC countries, according to a Gulf official. of Infrastructure Development and Chairman of the Federal Transport Authority - Land and Maritime.

The ‘Smart Cities’ plan is aimed at rationalization that will help foster the best and most optimal use of the new housing projects to be built in the GCC of resources and the management of facilities to countries and also the energy usage within the eliminate many shortcomings and flaws," he said. new housing areas, according to Kuwait's State Among the topics discussed in the forum were Minister for Housing Affairs Yasser Hassan Abul. smart and modern projects in health, information, Abul said the housing ministers in the GCC communication technology, smart buildings and countries will coordinate with other ministries such smart energy, as well as education and youth as the Planning Ministry, for greater unification in development. their development program. Abul further said the plans will be considered within the framework of the regional structural plan, and also each country's vision for sustainable electricity UAE has been ranked first in the region and 10th use, with the overall aim to save energy, and use globally in terms of cross-border trade for several modern technology to overcome the existing years in a row. Dr Al Nuaimi said the authorities problems faced by the health and transport aim to unify visions in this vital sector in terms of services sector. planning, coordination and legislation to achieve Sustainable development of the Gulf communities various ambitions at the local, regional and can only be achieved, according to Kamal bin international levels.

Abdullah Al Hamad Secretary General of the Gulf Kamal bin Abdullah Kuwait's State Minister for Citing the new cabinet reshuffle ordered by The Dr Abdullah bin Mohammed Belhaif Al Nuaimi Engineering Union, through the integration of three Al Hamad Housing Affairs Yasser Hassan President, His Highness Shaikh Khalifa bin Zayed Abul development elements i.e. the economic, social Al Nahyan, and announced by His Highness achievements cannot be attained without and the environmental aspects. Results of the ‘Gulf Engineering Union Award’ by Shaikh Mohammed bin Rashid Al Maktoum, innovative ideas and new blood." Al-Hamad said at the forum on "Smart Solutions category of enterprises was also announced Vice-President and Prime Minister of the UAE and The minister said UAE’s maritime transport sector for Future Cities" held recently, he hoped that his during the forum. The first place was awarded to Ruler of Dubai, Dr Al Nuaimi further said: "This is a is witnessing remarkable growth in the areas of recommendations would materialize into firm the automated system of transport and buses of paradigm shift for those involved in organisational ports, operation and maintenance, shipbuilding, decisions that contribute to the achievement of the Dubai Roads and Transport Authority, and the structures and institutional stakeholders. There is dry docks, finance and insurance complying with sustainable development. "The recommendations second place awarded to the renewable energies no way to cross over to the future using the tools international standards on safety and protection can be translated into serious government work project in Kuwait. of the past because significant developmental of the marine environment and its security.

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Compared with 2014, the Middle East reported a 2 per cent decrease in occupancy to 67.4 per cent. ADR for the year fell 2.6 per cent to US$192.82. RevPAR dropped 4.6 per cent to US$129.98.

Saudi Hotels Saudi Arabia witnessed a 2.6 per cent decline in occupancy to 62.4 per cent but ADR increased by 3.6 per cent to SAR 799.38 and RevPAR increased by 0.9 per cent to SAR498.49. STR Global analysts revealed that the country's conflict with Yemen and the decline in oil price have affected hotel performance in recent months.

Egyptian Hotels Egypt reported a 4.2 per cent increase in occupancy to 53.7 per cent as well as 18.9 per cent growth in ADR to EGP616.46, and RevPAR increased 23.9 per cent to EGP331.16. Egypt's RevPAR recorded increase by more than 40 per cent year-on-year in the first six months of 2015. The October plane crash in the Sinai Peninsula had caused flights to Sharm El Sheikh from many destinations be put on hold until March 2016, thus affecting performance of hotels in the country. Nevertheless, other destinations like Cairo and Hurghada had helped performance in Egypt, with increase in ADR countrywide by 11.5 per cent in December 2015.

UAE HOTELS RECORD HIGHEST Bahraini Hotels Manama, Bahrain, recorded decline in occupancy by 7.6 per cent to 51.5 per cent and OCCUPANCY RATE IN MIDEAST RevPAR dropped 2.0 per cent to BHD40.99, while ADR increased 6.0 per cent to BHD79.58. Despite the decline in Manama's overall performance for the year, the market witnessed some notable Dubai – “ASWAQ” UAE hotels' Average daily rate (ADR) dropped 6.2 achievements in 2015. UAE hotels recorded the highest occupancy rate among per cent to Dh705.75 and Revenue per available the Middle Eastern countries in 2015, in spite of the global room (RevPAR) declined 6.7 per cent to Dh528.19. South African Hotels economic slowdown, geo-political upheaval, low oil price, In 2015, the country also witnessed supply growth Cape Town, South Africa, witnessed a 2.3 per and strong US dollar, among others. of 6.2 per cent exceeding demand growth of 5.6 cent drop in occupancy to 66.1 per cent in 2015, per cent. as opposed to a 10.2 per cent rise in ADR to According to STR Global data, hotels in the Middle The UAE reported decline in each of the three In the same period, the Northern Africa and ZAR1,405.62 and 7.7 per cent increase in RevPAR East reported negative results at the end of 2015, key performance measurement same as other Southern Africa subcontinents witnessed a 0.2 to ZAR929.43. Hotels in Cape Town and other parts while most hotels in Africa recorded positive in the Middle Eastern hotels, nevertheless it was the per cent increase in occupancy to 57.3 per cent. of South Africa have seen higher success rates same period. highest recorded in the region at 74.8 per cent. ADR rose 7.1 per cent to US$111.34, and RevPAR generated by increased supply from the 2010 increased 7.3 per cent to US$63.74. FIFA World Cup.

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with its many individual residential clusters, has been a magnet for mid-tier developments. Besides DPG, other private developers such as Diamond Developers are also active.

David Godchaux, CEO of Core

‘Serena’ with direct access to Emirates Road, will have Layan and Al Waha communities to be built in its vicinity by DPG, with retail space of approximately 100,000 square feet available on lease.

Dubai Canal Extension Damac Properties has recently unveiled the “Aykon City”, featuring a six-tower cluster on 4 million square feet near the Dubai Canal extension on Shaikh Zayed Road. The first units at Aykon City has already been released, expecting to generate more than Dh7 billion from sales across all phases. Incidentally, this is the second major off-plan launch by DUBAI’S DEVELOPERS TO GO Dubai’s master-developers in the past week. Recently, the Meydan-Sobha Group launched a new phase at AHEAD WITH HIGH-PROFILE its upscale villa project in Mohammed Bin Zayed City (MBR). LAUNCHES By going ahead with their planned launches, Dubai’s developers are clearly expressing their intention to Dubai – “ASWAQ” create demand now rather than waiting for the next The Dubai Properties Group (DPG) has announced a master-development upturn to come around. plan in Dubailand covering an area of 8.2 million square feet across Evidently, the ‘No 10 City Walk’ in Jumeirah-1 developed five phases, despite the current soft market conditions. The first phase is by Meraas is already “generating huge interest” on expected to be ready in Q4, 2018. its limited number of 81 apartments, ahead of its anticipated second-quarter completion. The Spanish-themed ‘Serena’ project will feature clusters destinations, as we anticipate and deliver on the rapidly Jumeirah is one of the most sought after areas in Dubai. of 4 to 6 units, with Phase 1 in the category of “affordable changing and diversifying Dubai. ‘Serena’ stems from David Godchaux, CEO of Core, the UAE association of housing” comprising 2 and 3-bedroom townhouses and our long standing experience in the market, and our the consultancy Savills, said “We are experiencing strong 3-bedroom semi-detached villas. understanding of the growing demand for affordable end-user demand from Emiratis and a wide variety of DPG’s CEO, Abdul Latif Al Mulla said, “Dubai Properties housing in the emirate.” nationalities, who now have an opportunity, for the first is helping lead the resurgence of Dubai’s real estate Al Mulla however did not reveal details of the project cost time ever, to acquire freehold real estate in Jumeirah.” market through the strategic development of mixed-use and the cost of individual units. Nevertheless Dubailand, To attract more demand, Savills mentioned in its 2014 report that Dubai developers need to be more creative in developing “specific pedestrian-friendly, urban schemes similar to what is trending in cities like New York and London.”

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The unique medical and health record system, which the ambulance services, immigration, the municipality, integrates all 2,700 public and private health-care hospitals, health centres and pharmacies. facilities in Dubai, will provide a single electronic file for each resident and will eventually be linked to the National Unified Medical Record (NUMR) to be initiated by the Ministry of Health and Prevention. The Electronic Medical Record (EMR) or ‘Salama’ system will create one electronic record for patients throughout all public health hospitals, primary health centres and other facilities, while the Electronic Health Record (EHR) or ‘NABIDH’ system will transmit this medical record to all private hospitals, integrating medical records of the patients.

Both ‘Salama’ and ‘NABIDH’ systems will change the outlook of Dubai health-care service giving a clear picture of the health of its residents, and guiding DHA to formulate the right public health policies. This big data will eventually be linked to other emirates, providing the UAE with a clear direction and magnitude of health- care services, as said by Humaid Al Qutami, chairman DUBAI LAUNCHES and director-general of DHA, to the Gulf News on the sidelines of the launch. Explaining how ‘NABIDH’ works, Dr Mohammad Abdul INTEGRATED HEALTH Qader Al Redha, director of health data and information analysis at DHA, said: “Once the NABIDH system is fully functional, instead of the patient chasing the big data, RECORD SYSTEM the big data will follow the patient around. So, for instance, if there is an outbreak of food poisoning, the Dubai – “ASWAQ” Dr Mohammad Abdul Qader Al Redha health care and municipal authorities will be alert to The Dubai Health Authority (DHA) has recently The ‘NABIDH’ (National Analysis and Backbone Integration follow the pattern and know from where the cases are launched an integrated health record system for Dubai Health) system will store big health data that being reported.” officiated by Shaikh Hamdan Bin Mohammad will be used as an analytical tool in crisis management, Dr Al Redha added, “In case of a public accident like Bin Rashid Al Maktoum, Crown Prince of Dubai management of disease outbreaks and implementation a fire or an automobile accident the ambulance will and Chairman of the Dubai Executive Council, of preventive health care. know exactly how many ICU beds are available in which as part of the ‘Dubai Smarter, Dubai Healthier’ The big data which will include details of the patient hospital and, depending on the severity of the injuries, program which is aimed at fulfilling the goals of profiles, their unique allergies, drug sensitivities, give priority to emergency patients, sending them to the the National Health Strategy announced by DHA conditions, treatment and the doctors who treated the closest available bed.” for 2016-2021. patient, can easily be accessed at the click of a button The big data created which comprise vital health and, the patient can consult any doctor in the emirate data can be used to devise evidence-based policies where his file will follow him electronically, thus making to deal with major public health issues and can seamless connections from private to public health also be used effectively for research purposes. The care. data will enable DHA to develop effective disease This new integrated health system is one of the biggest management guidelines and programs. NABIDH’s alerts integrated electronic patient information systems in the and notification system can send reminders to doctors Middle East, where all these information will be stored to comply with best practices and can also monitor in a Central Command System which will coordinate doctors and insurance companies through e-claims to with other essential services such as the Civil Defence, avert any kind of fraud.

16 ASWAQ Magazine | March 2016 ASWAQ Magazine | March 2016 17 Report Report ISLAMIC BANKS PROVE RESILIENT IN FACE OF ECONOMIC DOWNTURN

Dubai – “ASWAQ” Islamic banks in the UAE have proven that they are much better than their con- per cent to Dh110 billion from Dh92.3 billion recorded profit club in the UAE.” ventional peers in dealing with a difficult operating environment, with all leading in 2014. Of the total deposits, current and savings Another leading Islamic bank, Abu Dhabi Islamic Bank institutions showing strong growth in assets, profits and asset quality in 2015. accounts continues to be a significant portion at 41 per (ADIB) reported a net profit of Dh1.93 billion in 2015, cent, contributing to the low cost of funds. up 10.5 per cent from the year before. Its total assets Overall, the bank reported strong growth in asset quality grew 5.8 per cent to Dh118.4 billion in the same period, in 2015, with impairment losses decreasing 42 per cent while customer deposits rose 12 per cent to Dh94.9 to Dh410 million, against Dh703 million the previous billion, and net customer financing increased 7.4 per year, while non-performing assets consistently declining cent to Dh78.4 billion. Non-performing accounts as a with the non-performing loans (NPL) ratio improving to percentage of gross customer financing declined to 3.9 5 per cent in 2015, against 8 per cent the previous per cent in 2015 from 4.4 per cent in the previous year. year. The bank’s coverage ratio, including collaterals, at Credit provisions and impairments for 2015 increased by discounted values stood at 147.6 per cent as at end of 8.2 per cent year-on-year to Dh820 million. Dr Adnan Chilwan, Jamal Bin Galaita, Tirad Mahmoud, 2015. ADIB’s chief executive officer, Tirad Al Mahmoud said, CEO, DIB’s Group CEO, Emirates Islamic Bank CEO, Abu Dhabi Islamic Bank DIB’s group chief executive officer, Dr Adnan Chilwan “Despite a more challenging operating environment in Dubai Islamic Bank (DIB), the largest Islamic bank in the net revenue reported increase to Dh6.48 billion, up 19 said, “The full-year 2015 results demonstrated the the UAE, we have seen continued growth in our customer UAE by total assets, reported a group net profit of Dh3.83 per cent compared with Dh5.43 billion in 2014. strength of and commitment to our strategic growth numbers, and the strength of our balance sheet and our billion, up 37 per cent against Dh2.8 billion the previous DIB’s net financing assets grew 31 per cent to Dh97.2 agenda built around a transformed and new-look DIB. liquidity position will enable us to continue investing in year. Its total income increased to Dh7.54 billion, up 21 billion in 2015 against the previous year’s Dh73.9 billion, We have managed another record-breaking year and our product capabilities and support the financial needs per cent as compared to Dh6.23 billion in 2014, while while its customer deposits for 2015 increased by 19 a historic landmark as the bank joins the billion dollar of our clients.” Emirates Islamic Bank, a member of the Emirates NBD Group, reported net profit of Dh641 million in 2015, up 76 per cent against the previous year’s figure. The bank’s total net income (net of customers’ share of profit) during the period increased to Dh2.43 billion, up 25 per cent compared to Dh1.95 billion in 2014. Financing and investing receivables grew by 31 per cent to Dh34 billion, while deposits rose 25 per cent to Dh39.3 billion. Emirates Islamic’s CEO, Jamal Bin Galaita said, “Our strong performance was achieved on the back of robust growth and high customer acquisition across our three core segments, namely corporate, individual and SME, resulting in a 26 per cent increase in our customer base, a key testament to our winning offering.” Sharjah Islamic Bank (SIB) recorded net profit of Dh409.9 million in 2015, up 9 per cent against Dh377.2 million in 2014. Total assets rose 14.9 per cent to Dh29.9 billion in 2015 as compared to Dh26 billion in 2014. The bank’s financing facilities increased 13 per cent to Dh16.4 billion against Dh14.5 billion in 2014, while customer deposits reached Dh17 billion in 2015, up 16.2 per cent from the previous year.

18 ASWAQ Magazine | March 2016 ASWAQ Magazine | March 2016 19 Report Report OMAN'S PORT OF DUQM OMAN TARGETS TOURISM BEGINS TO EXPORT 6% MORE TO GDP

MINERALS Muscat – “ASWAQ” Oman has set a target to increase the number of hotel rooms from 16,000 to 20,000 by 2020, according to the Sultanate’s Minister of Tourism, Ahmad Bin Nasser Al Meherzi.

Sultanate’s Minister of Tourism, Ahmad Bin Nasser Al Meherzi

Muscat – “ASWAQ” Port of Duqm, now fully equipped to handle export of industrial minerals, has successfully started loading its first shipment of dolomite from the port’s commercial quay. According to a press release from the port, three grades of dolomite with a total volume of 50,000 tonnes will soon be transported to India through the port. Reggy Vermeulen, CEO, Al Duqm Port

Port of Duqm has the capacity to handle these mineral related industry cluster offering potentially first volumes in a minimum operational lead time numerous jobs for Omanis.” and will develop itself further to become a major Oman is reported to have dolomite reserve of over international export hub for industrial minerals 300 million tonnes and it is produced in a quarry in the next few years. Besides Dolomite, other located about 30 kilometres from the port. The The minister said in a radio interview that the approval attract more tourists and enhance the quality of important deposits have also been found in the mine is expected to produce several hundreds of of the National Strategy for Tourism 2040, which services, it should focus on the appropriate amount vicinity of Duqm such as gypsum, silica sand and thousands of metric tonnes of product per month, includes a 6 per cent increase in the contribution of investment, support the growth of small and limestone. which will be exported via the port.Dolomite is of the tourism sector to the gross domestic product medium-sized tourism enterprises, and apply a The Port’s chief executive officer, Reggy Vermeulen mainly used in the construction and steel industry, (GDP) and a target of five million visitors by 2040, typical global system of social responsibility. who witnessed the start of loading said, "One and can also be used in the production of almost double the current level of 2.6 million visitors. Among the 2.6 million visitors to Oman last year, of the three major markets that Port of Duqm is ceramics, cement and glass. This strategy aims to increase the contribution GCC nationals topped the list at 1.06 million, Indians aiming for is the support of the mineral industry Port of Duqm is strategically located in the vicinity of the private sector in tourism projects to 88 per came second at 299,661, followed by the British at of Oman. This first shipment is a key milestone of the major shipping lanes and direct main line cent, and government investment, which includes 150,902, and Germans at 106,269, according to towards Port of Duqm playing a significant role in connectivity to major export destinations. Thus, infrastructure projects, at 12 per cent, as reported the Tourism Report 2015 published by the National the diversification of the Omani economy." Oman’s minerals are expected not only to be by Oman News Agency (ONA). Centre for Statistics and Information (NCSI). Vermeulen added, "Having flows of minerals exported from the port, but also feed important Al Meherzi explained that in order for Oman to going through the Port of Duqm is an enabler downstream industries fully taking advantage of for the setting up in the mid-term of a proper Duqm’s prime location.

20 ASWAQ Magazine | March 2016 ASWAQ Magazine | March 2016 21 Directory Directory

جامعات و معاهد UNIVERSITIES & INSTITUTES KDU UNIVERSITY COLLEGE SS22/41, Damansara Jaya, LANGUAGE SCHOOLS 47400 , Selangor Tel: +603 603 7953 6688 Inter-Cultural Language School (ICLS) Web: www.kdu.edu.my Lot D6, Ground Floor, Block D, Bukit Bintang 55100 Kuala Lumpur Tel: 603 21442060 Web: www.icls.edu.my EMS Language Center بقاالت عربية ARABIC GROCERIES B-7-3 Unit 1-5 Megan Avenue 2, Block B, Jalan Yap Kwan Seng, 50450 Kuala Lumpur +603 21811219 Tel: الشركة العربية / Suria Wholesaler www.ems.edu.my Web: السورية THE MAIN BRANCH: English First Language Center No 380 & 382, Jalan Tuanku Abdul Rahman, Lot S107 & S108 2nd Floor, Centerpoint, No3, Lebuh 50100 Kuala Lumpur , Bandar Utama, 47800, Petaling Jaya Tel: +603 2692 1108 Tel: +603 7725 8828 Web: www.fb.com/english.first.ped GOMBAK BRANCH: ELS KL (KLCC) No. 701, Batu5, Jalan Gombak A-1-2, Wisma HB, Megan Avenue 2, 53000 Kuala Lumpur 12 Jalan Yap Kwan Seng, 50450 Kuala Lumpur Tel: +603 2166 5530 JOHOR BAHRU BRANCH: Web: www.els.edu.my No.46 Jalan Padi Emas 4/1, The Language House Bandar Baru Uda, 81200 Johor Bahru P-01-001, Podium, PJ CentreSTAGE, BRANCH: No 1, Jalan 13/1, Seksyen 13, 46100 Petaling Jaya No. G-06, G-07,G-08 Avenue Crest No.2A Tel: +603 7932 1655 مشافي www.languagehouse.edu.my PRIVATE Jalan Jubli Perak 22/1 Seksyen 22, Web: 46300 Shah Alam, Selangor SUBUL EDUCATION CONSULTANCY MALAYSIA THE UNIVERSITY of NOTTINGHAM HOSPITALS SDN BHD (Malaysia Campus) SOUTH CITY PLAZA: Level 32, Menara Prestige No 1, Jalan Pinang, 50450 Jalan , 43500 , Selangor KPJ Tawakkal Specialist Hospital G,12 Ground Floor, South City Plaza مطاعم عربية office No : 3259 , KL, Malaysia. Tel: 603 2785 0000 Serdang Perdana, Seksyen1, ARABIC RESTAURANT Tel: +60 3 92079733 Web: www.aeu.edu.my 43300 , Selangor Web: www.secmalaysia.com WESTMINSTER INTERNATIONAL COLLEGE التيسير / Syriana Shawarma & Fastfood Restaurant | Khayam-E-Basera Restaurant | Attayseer ,15th Floor (Corporate Floor) Southern Tower مطعم خيام البصيرة No 52, Jalan Sulaiman 1, Taman Putra شاورما ومطعم سيريانا 29-G, Neo Cyber, Lingkaran Cyber Point Barat, 63000 First Subang, Jalan SS15/4G, 47500 , 42, Jalan Bukit Bintang, 55100 Kuala Lumpur Sulaiman, 68000 Ampang Selangor , Selangor NON-PRIVATE Selangor Tel: +603 21102405 Tel: +603 4270 3244 Tel: +6017 322 3516 Universiti Islam Malaysia (UIM) Tel: +603 5636 1559 Berkat Madinah / www.westminster.edu.my Block I, Bangunan MKN, Web: بقالة البركة مطعم زمزم | Zam Zam Restaurant مطعم نصف القمر | Half Moon Restaurant 15-1 & 17-1, Jalan SP 2/8, Taman Serdang Perdana, Oasis 9, Jalan Tengku Ampuan Zabedah 9/9F, 40000 17-L1, Jalan Ampang Putra 6, Embassy Techzone, Jalan Teknokrat 2, UCSI University 43300 Taman Putra Sulaiman, 63000 Cyberjaya, Selangor Shah Alam, Selangor No 1, Jalan Menara Gading, UCSI Heights, Seri Kembangan, Selangor 68000 Ampang, Selangor Tel: +603 8324 6666 Tel: +6016 216 0661 56000 Kuala Lumpur Tel: +603 8941 4730 Tel: +6017 7050968 Web: www.uim.edu.my +603 9101 8880 Tel: مطعم ليالي العرب | Layalee Al-Arab Bukit Bintang Arabic Grocery / www.ucsi.edu.my Universiti Teknikal Malaysia Melaka Web: البقالة مطعم زعفران | Zafran Restaurant No A-G-12, South City Apartment, No 1, Jalan Pahang Barat, 53000 Kuala Lumpur العربية No148, Jalan Bukit Bintang Jalan Serdang Perdana, Locked Bag No. 1725, Pejabat Pos Durian Tunggal, Limkokwing University Of Creative Technology 55100, Kuala Lumpur The Lost City Collection, Tel: +603 4026 7777 43300 Seri Kembangan 76109, Durian Tunggal, Melaka (LUCT) Tel: +03 211 04211/4212 Jalan Bulan Status, B.B Plaza, Web: www.tawakal.kpjhealth.com.my Tel: +603 89595612 Tel: +606 555 2000 Lot 9, Opposite Capital Hotel Innovasi 1-1, Jalan Teknokrat 1/1, www.utem.edu.my KPJ Damansara Specialist Hospital Web: مطعم صنعاء | Sana’a Restaurant +6017 3973505 63000 Cyberjaya, Selangor Tel: مطعم تاريم حضرموت | Tareem Hadramawt No 13G, Biz Avenue, Neo Cyber, Lingkaran Cyber Universiti Pertahanan Nasional Malaysia 119, Jalan SS20/10, , 47400 No 1, Jalan SPKT Indah 2/1, Taman Sepakat Indah 2, Tel: +603 8317 8888 UPNM) Petaling Jaya, Selangor) متجر ماينز /Point Barat, 63000 Cyberjaya Mynas Store 43000 , Selangor No 90, Jalan Bukit Bintang, Web: www.limkokwing.net Tel: +603 8319 1776 Sungai Besi Camp, 57000 Kuala Lumpur Tel: +603 7722 2692 Tel: +6013 3319 992 55100 Kuala Lumpur SEGI University, www.dsh.kpjhealth.com.my +603 9051 3400 Web: Tel: مطعم مرحبا | Marhaba Restaurant +603 2141 1435 No. 9, Jalan Teknologi, Taman Sains Selangor, Kota Tel: مطعم بوابة سبأ | Saba’ Gate Restaurant Persiaran Multimedia, Cyberjaya 4, Jalan MMU Web: www.upnm.edu.my KPJ Ipoh Specialist Hospital Shoplot AG 11, Block A, Jalan Persiaran Surian, Palm Damansara, PJU 5, 47810 Petaling Jaya, Selangor المتجر العربي / University, Cyberjaya, 63000 Selangor Pasar Mini Arab Spring, Kota Damansara, 47810 Petaling Jaya Universiti Of Malaya (UM) Tel: +603 6145 1777 No 26, Jalan Raja Dihilir, Tel: +60133443275 No 5, Second Floor, Wisma Robert Wong, 30350 Ipoh, Perak Tel: +603 7733 7900 Jalan Bukit Bintang, 55100 Kuala Lumpur Lembah Pantai, 50603 Kuala Lumpur Web: www.segi.edu.my +605 240 8777 +603 7967 7022 Tel: Tel: مطعم الريان | Al-Rayan Restaurant +6017 2980380 Taylor’s Lakeside Campus Tel: مطعم ميشالتيت | Mishaltit Restaurant 32-G, Lingkaran Cyber Point, Barat Domain Web: www.um.edu.my Web: www.ish.kpjhealth.com.my Persiaran Serdang Perdana, Seksyen 1, Taman Raed Khaldoon & Partners Cyberjaya, 63000 Selangor No1. Jalan Taylor’s, Subang Jaya, 47500 Selangor Serdang Perdana, Universiti Teknologi Mara (UITM) Sunway Medical Centre +603 5629 5000 Tel: رائد خلدون وشركاؤه +603 8322 0803 Tel: Seri Kembangan, Selangor Block B,G-6, Jalan 5/3, Taman Serdang 40450 Shah Alam, Selangor Darul Ehsan Web: www.taylors.edu.my No 5, Jalan Lagoon Selatan, , +603 8940 4344 46150 Petaling Jaya, Selangor Tel: مطعم حمورابي | Hammurabi Restaurant Perdana, Seri Kembangan, Selangor Tel: +603 5544 2000 Sunway University College 63-G, The Domain, Neo Cyber, BIZ avenue, 63000 Tel: +603 8948 0831 Tel: +603 7491 9191 www.uitm.edu.my Web: القمر | Al-Amar Cyberjaya No 5, Jalan Universiti, Bandar Sunway, 46150 Web: www.sunway.com.my/sunmed/ Universiti Malaysia Pahang (UMP) Tel: +6017 235 5826 Lot 6.10, Level-6, Pavilion Kuala Lumpur,168 Jalan Petaling Jaya, Selangor Bukit Bintang, 50450 Kuala Lumpur Lebuhraya Tun Razak, Tel: +603 7491 8622 Tel: +603 2166 1011 26300 Gambang, Kuantan, Pahang Web: www.sunway.edu.my Tel: +609 549 2020 22 ASWAQ Magazine | March 2016 Web: www.ump.edu.my ASWAQ Magazine | March 2016 23 HOTELS | فنادق

Directory Directory

وكالء السفر PUBLIKA TRAVEL AGENTS TOK AMAN SOLARIS DUTAMAS Arthur Travel & Tours Sdn Bhd BALI BEACH RESORT No 1, Jalan Dutamas 1, Solaris Lot 1.33,1st Floor, Wisma Cosway, No. Lot 6264-1, Pantai Bisikan Bayu, Dutamas,50480 Kuala Lumpur Jalan Raja Chulan, 50450 Kuala Lumpur 16700, Kelantan, Malaysia Tel: +603 6207 9426 Tel: +603 2145 3700 Tel: +60 9-691 8899 Web: www.tokamanbali.com.my www.publika.com.my Aden Tourism Agency Web: مراكز ترفيه ENTERTAIMENT CENTRES C1-01-01, Cyberia Smart Homes, Persiaran Multimedia, Cyberjaya, Aquaria KLCC 63000 Selangor Kuala Lumpur Convention Centre Tel: +6012 644 1414 Complex, Kuala Lumpur City Centre, 50088 SukaBorneo Travel Sdn. Bhd. Kuala Lumpur 1-50-5 Signature office, Tel: +603 2333 1888 KK times square Off Costal highway, Web: www.aquariaklcc.com 88100, Kota Kinabalu, Sabah A’ Famosa Resort Tel: Tel: 088-486767 Jalan Kemus, Simpang Empat, Boustead Travel Services Sdn Bhd 78000 Alor Gajah, Melaka 13th Floor, Menara Boustead, 69, Tel: 06 552 0888 Jalan Raja Chulan, 50200 Kuala Lumpur Web: www.afamosa.com Tel: +603 2031 6001 Bukit Gambang Resort City Cantumas Travel & Tours Sdn Bhd Jalan Bukit Gambang Utama, No 12, Wisma Cantumas, Bukit Gambang Resort City, Jalan Bukit Setiawangsa, 54200 Kuala Lumpur 26300 Kuantan, Pahang Tel: +603 4251 6588 Tel: +609 548 8000 Client Travel Sdn Bhd Web: www.bgrc.com.my Lot 2.22, 1st Floor, Wisma Central, Bukit Merah Laketown Resort Jalan Ampang, 50450 Kuala Lumpur Jalan Bukit Merah, 34400 Semanggol, Perak Tel: +603 2161 1288 Tel: +603 8942 2163 Suria KLCC Crystal Travel Planners مراكز تسوق www.bukitmerahresort.com.my Web: Lot No 241, Level 2, Suria KLCC , Lot 07-30 & 3A, 7th Floor, Berjaya Times Square, Sunway Lagoon Boulevard Hotel Hotel InterContinental KL SHOPPING MALLS 50088 Kuala Lumpur City Centre No 1, Jalan Imbi, 55100 Kuala Lumpur Lingkaran Syed Putra, Mid Valley City, No 165, Jalan Ampang, Sunway Lagoon Themepark 3, Tel: +603 2382 2828 Tel: +603 2148 0077 Jalan PJS 11/11, Bandar Sunway 47500 Pavilion Kuala Lumpur Web: www.suriaklcc.com.my 59200 Kuala Lumpur 50450 Kuala Lumpur 168, Jalan Bukit Bintang, 55100 Kuala Lumpur Jedditour Sdn Bhd Tel: +603 2295 8000 Tel: +603 2161 1111 Tel: +603 5639 0000 LOT 10 Web: www.sunwaylagoon.com Tel: +603 2118 8888 Lot 10, 4th floor, Sri Pacific Hotel, Web: www.blvhotel.com Web: www.intercontinental.com Web: www.pavilion-kl.com Lot 10 Shopping Centre,Jalan Bukit Bintang, Jalan Putra, PWTC 50746 Kuala Lumpur Farm in The City 50250, Kuala Lumpur Concorde Hotel KL Hotel Ritz Carlton KL Mid Valley Megamall Tel: +603 4044 0401 Lot 40187-40188, Jalan Prima Tropika Barat, Tel: +603 2141 0500 No 2, Jalan Sultan Ismail, 50250 Kuala Lumpur No 168, Jalan Imbi, 55100 Kuala Lumpur Diners World Travel Sdn Bhd , Sri Kembangan, 43300, Level 31, The Gardens South Tower, Web: www.lot10.com.my Tel: +603 2144 2200 Tel: +603 2142 8000 Mid Valley City, Lingkaran Syed Putra, 16th Floor, Menara Tan & Tan, 207, Web: www.concorde.net/kl/ Web: www.ritzcarlton.com Selangor, Malaysia Low Yat Plaza 59200 Kuala Lumpur Jalan Tun Razak, 50400 Kuala Lumpur Tel: +603 8941 2099 Sunway Resort Hotel & Spa Regalia Residence Tel: +603 2938 3333 7, Jalan1/77 off Jalan Bukit Bintang, Tel: +603 2164 0068 Lost World Of Tambun Sunway City Ipoh Web: www.midvalley.com.my 55100 Kuala Lumpur Persiaran Lagoon, Bandar Sunway, No 2, Jalan Anjung Putra, No 1, Persiaran Lagun Sunway, Tel: +603 2148 3651 46150 Petaling Jaya, Selangor Off Jalan Sultan Ismail, 50480 Kuala Lumpur Bangsar Village Sunway City Ipoh, 31150 Ipoh Perak Web : www.plazalowyat.com Tel: +603 7492 8000 Tel: +60012 244 1553 No 1, Jalan Telawi 1, Bangsar Baru, Web: www.sunwayhotels.com Web: www.regalia-residence.com Tel: +605 542 8888 / 542 8899 Bangsar Village II 59100 Kuala Lumpur Web: www.sunwaylostworldoftambun.com Berjaya Times Square Suites Hotel Corus فنادق , +603 2288 1200 Jalan Telawi 3, Bangsar Baru Tel: Melaka Wonderland Themepark & 59100 Kuala Lumpur No 1, Jalan Imbi, Jalan Ampang, 50450 Kuala Lumpur Resort Web: www.bangsarvillage.com Tel: +603 2288 1200 HOTELS 55100 Kuala Lumpur, Wilayah Persekutuan Tel: +603 2161 8888 Lot PT 17 178, Lebuh Ayer Keroh, Hang Tuah Shopping Centre Tel: +603 2141 0088 Web: www.corushotelkl.com Fahrenheit 88 Mall Mandarin Oriental Jaya, 75450 Ayer Keroh, Melaka 1, Lebuh Bandar Utama, Bandar Utama City Centre, Web: www.berjayahotel.com Hotel Grand Seasons Tel: +606 231 3333 Bandar Utama, 47800 Petaling Jaya 179, Jalan Bukit Bintang, Kuala Lumpur City Centre, Hotel Sentral Seaview, Penang Web: www.melakawonderland.com.my Tel: +603 7710 8118 55100 Kuala Lumpur Jalan Ampang, KLCC, 50088, Kuala Lumpur No 72, Jalan Pahang, Kuala Lumpur Tel: +603 2148 5488 Tel: +603 2380 8888 Jalan C M Hashim, Tanjong Takong, Tel: +603 2697 8888 National Zoo (Zoo Negara) Web: www.1utama.com.my Web: www.fahrenheit88.com Web: www.mandarinoriental.com 11200 Tanjung Tokong, Pulau Pinang, Malaysia Web: www.grandseasonshotel.com Sunway Pyramid Zoo Negara Hulu Kelang, 68000 Ampang Tel: +60 4-890 9300 Paradigm Mall Grand Hyatt Kuala Lumpur Holiday Villa Subang Tel: +603 4108 3422 No 3, Jalan PJS 11/15, Bandar Sunway, Hotel Sentral Kuala Lumpur Web: www.zoonegara.org.my 46150 Petaling Jaya, Selangor 1, Jalan SS7/26A , 12 Jalan Pinang , 50450 Kuala Lumpur No 9, Jalan SS12/1, Subang Jaya Petaling Jaya, 47301, Selangor Tel: +60 3 2182 1234 No 30, Jalan Thambypillai, Brickfields, Tel: +603 5633 8788 Safari Bird Park & Wonderland Tel: +603 7494 3000 Web: www.sunwaypyramid.com Tel: +603 3325 3010 Web: kualalumpur.grand.hyatt.com 50470 Kuala Lumpur Web: www.holidayvillasubang.com 920, Jalan Cenderawasih, Taman Tasik Web: www.paradigmmall.com.my Tel: +603 2272 6000 The Gardens Mall JW Marriott Hotel Kuala Lumpur Fahrenheit Suites Perdana, 50480 Kuala Lumpur Web: www.hotelsentral.com.my Empire Shopping Gallery Tel: +603 2272 1010 The Gardens, Mid Valley City, 183 Jalan Bukit Bintang, 5th Floor, 179 Jalan Bukit Bintang, Hotel Maya Web: www.klbirdpark.com Lingkaran Syed Putra, 59200 Kuala Lumpur Jalan SS16/1, Subang Jaya, 55100, Kuala Lumpur 55100 Kuala Lumpur 47500, Selangor Tel: +603 2715 9000 No 138, Jalan Ampang, Tel: +603 8887 8828 Legoland Malaysia Tel: +603 2297 0288 Web: www.midvalleygardens.com.my Tel: +603 5635 9818 Web: www.marriott.com 50450 Kuala Lumpur Web: www.fahrenheitsuites.com 7, Jalan Legoland Bandar Medini, Iskandar Web: www.esg.com.my The Gardens Hotel Residences Tel: +603 2711 8866 Hotel Hilton KL Malaysia 79250 Nusajaya, Johor Web: www.hotelmaya.com.my Tel: +607 597 8888 Lingkaran Syed Putra, Mid Valley City, No 3, 4th Floor, Jalan Stesen KL Sentral, DoubleTree by Hilton Hotel Web: www.legoland.com.my 59200 Kuala Lumpur 50470 Kuala Lumpur Tel: +603 2268 1188 The Intermark, 348, Jalan Tun Razak, Tel: +603 2264 2264 Web: www.gardenshtlres.com 50400 Kuala Lumpur Web: www.hilton.com Tel: +603 2172 7272 Web: www.doubletree3.hilton.com 24 ASWAQ Magazine | March 2016 ASWAQ Magazine | March 2016 25