Sharjah Gulf Excellence Award withheld due to travel restrictions
SHARJAH, February 9, 2021 The Board of Trustees (BoT) of the Sharjah Excellence Award (SEA) has decided to withhold the Sharjah Gulf Excellence Award for this year due to travel restrictions. The decision came at a meeting to review the developments of the award s work plan in its 2020-2021 edition in light of the amendments made recently to keep pace with the spread of Covid-19, a WAM release said. The meeting was held virtually and chaired by Abdullah Sultan Al Owais, Chairman of the Board of Directors of the Sharjah Chamber of Commerce and Industry (SCCI), Chairman of the Board of Trustees of the Sharjah Excellence Award (SEC).
February 2021 614 UAE hotels braved a tough year in 2020 and are looking to 2021 with hope following the vaccine rollout. However, increased upcoming supply amid a slow revival in demand will see revenue and occupancy levels likely move lower in 2021, according to Cavendish Maxwell, a leading property consultancy and chartered surveying firm providing services in the Middle East and Africa. As expected, 2020 was a tough year for the hospitality industry in the UAE, with several hotels in shuttering on a temporary or permanent basis. However, some others have used the pandemic as an opportunity to revisit and cut operating costs thereby improving margins not only for 2020 but beyond. As a result, they have successfully brought down the occupancy rate required to break-even, which is lower than the typical 40 per cent, said the expert in its Q4 2020 UAE Property Market Report, containing key data and trends for Dubai, Abu Dhabi and the northern emirates.
WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has said that health protection will remain our priority at the end of the first cabinet meeting of 2021.
His Highness chaired the meeting in Qasr Al Watan, Abu Dhabi, which was attended by His Highness Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior, and His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs.
Sheikh Mohammed stated that 2020 was an exceptional year full of national achievements in all sectors worthy of pride, noting that he is proud of the government’s successes, despite the challenges caused by the coronavirus pandemic.
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