Rixos Hotels, owned by a Turkish company, is making a significant move into the Gulf region with a $3 billion investment in Qatar. This project will include the development of hotels, an amusement park, and residential and retail properties on beachfront land north of Doha. The investment aligns with Qatar's broader tourism strategy, which aims to enhance its economic output from the tourism sector, projected to contribute 8% to the GDP by 2024.

The investment is part of Qatar's ambitious tourism development plans, which have already seen record growth in recent years. The country's tourism sector is expected to reach QR 55 billion ($15.1 billion) in 2024, driven by initiatives like the 'Stopover in Qatar' program. This influx of investment from Rixos Hotels could further solidify Qatar's position as a key player in the Gulf tourism market, attracting more international visitors and enhancing the overall economic landscape.