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03-06-14

UAE's TDIC posts lower losses in 2013

(MENAFN) Abu Dhabi's Tourism Development & Investment Company (TDIC), which is building branches of the Louvre and Guggenheim in the emirate, posted a revenue growth, resulting in lower losses in 2013, according to Arabian Business. The company's net loss was estimated at USD30.7 million in 2013 compared to USD573 million in the twelve-month period a year earlier. The company's revenue for 2013 boosted to USD954 million compared to USD338 million in 2012.