Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Hotels investors target Saudi markets  Join our daily free Newsletter

MENAFN - Arab News - 07/05/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) Rgeting saudi and other gulf markets a number of hotel groups and investors announced projects and expansion plans during the second day of arabian travel market.the uae-based hospitality management holdings (hmh) signed a franchise agreement for a new property in riyadh."it gives us great pleasure to welcome coral riyadh al dhabab hotel into our group as we continue to pursue our strategic expansion" said laurent a. voivenel ceo of hmh after the signing ceremony.expected to open in third quarter of 2014 with 114 well-appointed rooms and suites coral riyadh al dhabab hotel is in final stages of development and joins coral riyadh suliemaniah hotel coral al khobar hotel coral jubail hotel and coral al ahsa hotel.commenting on hmh expansion in saudi voivenel said: "tourism has a huge significance for the economy in ksa being the country's second largest industry. with over 80 billion worth of investment into key infrastructure projects including airport expansion railways and roads domestic as well as international tourism is expected to benefit tremendously making it an opportune time for us to expand our presence in the market."according to latest figures riyadh's total active hotel development pipeline consists of 5804 rooms making it one of the most lucrative markets for growth in the middle east. another expansion announcement was from movenpick hotels and resorts. the group revealed its plans for a new hotel in jeddah — the 230-room movenpick hotel heraa jeddah will be the group's third property in the city.movenpick currently operates 27 hotels in the middle east out of a global portfolio of 80 and according to president and ceo jean gabriel peres is looking at the potential for additional properties in the uae to augment its portfolio of six hotels in dubai.'during the course of the next 12 months movenpick will launch seven new additions spread between europe africa the middle east and asia" he said.jamal wick shaza group's hotel operations manager said that the 203-room shaza amman will open on december 6 this year.speaking at arabian travel market he said the amman hotel would be the second shaza hotel to open after the shaza al madina in saudi arabia.'in 2015 we will open at the wave development in muscat and then the following year we will launch hotels in salalah and in central doha" he said. 'this will be followed in 2017 by a landmark property in jeddah that will be connected on three floors to the jeddah chamber of commerce building."shaza hotels is an independent five star hotel operator supported by an affiliation with kempinski and guidance hotel investment company — shaza's regional financial partner. it is also a member of the global hotel alliance.in a separate event at atm aqeel raees ceo and board member of gulf hotels said that the bahrain-based hospitality group has acquired land for the construction of a five-star 230-room hotel in business bay dubai that will open in 2017.'we are also sourcing a second site in dubai and currently considering a number of prime locations" he added.during a press conference held at atm venue united investment and sharjah chamber of commerce and industry (scci) revealed details of novotel sharjah expo a business hotel that will be opened to serve the sharjah's various sectors and participants in the expo centre's numerous events.sheikh sultan bin ahmed al-qassimi told journalists that novotel sharjah expo will open by the first quarter of 2017. it will be the official hotel of expo centre sharjah and will comprise 200 rooms.


 


Arab News




  MENA News Headlines
 May 29 2016 - Turkey- Erdogan slams US 'support' for Syrian Kurdish groupsThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) President Recep Tayyip Erdogan condemned on Saturday what he called the United States’ “support” for Syrian Kurdish groups the PYD and YPG. ...

 May 29 2016 - Iraq anti-Daesh operation leaves civilians trappedThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) Civilians who have fled Fallujah in recent days said they were exposed to random shelling by the Iraqi air forces as they left the city. Following a harsh ...

 May 29 2016 - 40,000 Syrian families flee Daesh attacks on AleppoThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) The Daesh terrorist group’s attacks on Aleppo’s Azaz district have forced 40,000 families to flee their homes, a humanitarian relief official ...

 May 29 2016 - Turkey- UNHCR worried about 165,000 displaced near Syrian townThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) The UNHCR on Saturday expressed acute concern about nearly 165,000 displaced persons massing near a town in northern Syria. In a written statement, the UN's ...

 May 29 2016 - Mavi Marmara victims commemorated in TurkeyThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) About 200 people gathered Sunday outside Israel’s embassy in Turkey's capital to mark the sixth anniversary of the deadly attack on the Gaza-bound Mavi ...

 May 29 2016 - Artillery, air operations 'kill 40 Daesh' in SyriaThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) Turkish military sources on Sunday said a total of 40 Daesh terrorists were killed in northern Syria during an operation by the Turkish Armed Forces and the ...

 May 29 2016 - Hundreds attend funeral of Palestinian killed by IsraelThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) Hundreds of Palestinians on Saturday attended the funeral of a youth who was controversially killed by an Israeli soldier two months ago. Large crowds ...

 May 29 2016 - UN: Syrian regime blocked 60 pct of aid convoys in MayThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) The Syrian regime has allowed only 14 out of 35 UN aid convoys in May, a senior UN official said. “Deliberate interference and restrictions by the ...

 May 29 2016 - UN: 700 migrants feared dead in Mediterranean shipwrecksSaudi Press Agency
(MENAFN - Saudi Press Agency) POZZALLO, Italy, Sha'ban 22, 1437, May 29, 2016, SPA -- The UN refugee agency said over 700 migrants are feared dead in three Mediterranean Sea shipwrecks south of ...

 May 29 2016 - Saudi- Jordanian monarch dissolves parliament, names new premierSaudi Press Agency
(MENAFN - Saudi Press Agency) Amman, Sha'ban 22, 1437, May 29, 2016, SPA -- Jordanian King Abdullah II dissolved parliament on Sunday, dpa reported. A royal decree, carried by state television, ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help