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.
Dubai Holding and Emaar launched Dubai Square, a mega retail and hospitality destination
Dubai Square will equate to more than 100 soccer fields, 750,000 square meters of retail space and hospitality venues, and will also have the largest Chinatown in the Middle East.
Small Luxury Hotels of the World appointed Jean-françois Ferret as Chief Executive Officer
Ferret replaces Filip Boyen who has resigned from his position at SLH after three years, spearheading significant change within the organization such as renewed focus on the brand’s quality assurance program.
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.
Development of Oman’s JW Marriott Development at Madinat Al Irfan is on schedule
Set to be completed by the end of this year in parallel with the Convention Centre, the five-star JW Marriott will open its doors in early 2019.
