“We realized that there was a lack of communication among industry professionals. They face similar issues but don’t often talk to each other. So, we decided to bring these CEOs together to discuss the challenges we hear about in the industry. That’s how the Horology Forum was born.”

Before the outbreak of the pandemic, Chinese travelers accounted for 4% of passengers at Dubai International Airport but contributed to 17% of the sales revenue in Dubai Duty Free.

Azizi stated that with the launch of new development projects, the company will add nearly 20,000 rooms to Dubai’s hotel industry over the next five years.

With its prime location, this hotel has become an iconic landmark of Paris and one of the most sought-after real estate assets in the area.

Louis Vuitton owner LVMH Group, Cartier owner Richemont is the most likely to benefit.