Ishraq to up Holiday Inn expansion funding

25 June 2009

Sami Al Ansari, CEO of Ishraq Gulf Real Estate has said the company plans to boost its initial investment of $100 million (Dh367.3m) with an additional $100m for its hotels under construction in the GCC, Emirates Business has reported. He said the company will soon start the construction of a 289-room Holiday Inn Express in Bahrain in addition to the design of a project in Fujairah in the UAE.

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