Three Major Projects Taking Shape In The ME

Three Major Projects Taking Shape In The ME

An interview with Hani Kafafi, CEO of Al Houda Hotels & Tourism Company, which operates in Kuwait, Cairo, UAE and Iraq, revealed details of the asset management and development company’s three current projects.

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USD 4 million invested by Nakheel in new marinas at Dubai’s Palm Jumeirah

USD 4 million invested by Nakheel in new marinas at Dubai’s Palm Jumeirah

Nakheel is also building six marinas, at a cost of USD 45 million, at its new waterfront master development, Deira Islands.

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USD 1 billion joint sustainable hospitality fund launched by Katara Hospitality and Accorhotels dedicated to Sub-Saharan African countries

USD 1 billion joint sustainable hospitality fund launched by Katara Hospitality and Accorhotels dedicated to Sub-Saharan African countries

It will target greenfield projects, brownfield projects and conversions of existing hotels through acquisitions, in a region which offers robust growth opportunities.

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Bahraini hotel group to buy Dubai’s Gulf Court Hotel Business Bay

Bahraini hotel group to buy Dubai’s Gulf Court Hotel Business Bay

The Gulf Court Hotel Business Bay in Dubai has 269 rooms and suites offering views of the Dubai Canal or the city.

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IHG acquires a 51 percent stake in Regent Hotels & Resorts

IHG acquires a 51 percent stake in Regent Hotels & Resorts

IHG is already a global leader in the luxury segment with the world’s largest luxury brand.

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Accor to buy 50 percent stake of Sam Nazarian’s Sbe, deal valued at USD 319 million

Accor to buy 50 percent stake of Sam Nazarian’s Sbe, deal valued at USD 319 million

The purchase marks the latest example of Accor’s recent acquisition spree, with the French group agreeing to buy Chile’s Atton Hoteles last month.

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OMRAN and Majid Al Futtaim to develop USD 13 billion Madinat Al Irfan

OMRAN and Majid Al Futtaim to develop USD 13 billion Madinat Al Irfan

Madinat Al Irfan will feature more than 11,000 residential units comprising villas, townhouses and apartments, 100,000 m2 of retail space, 700,000 sqm of office space, as well as a number of cultural and lifestyle offerings.

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