Qatar-based Al Faisal Holding is shifting its focus to the hospitality industry and plans to buy hotels in Europe, North America, and big Arab cities, Reuters has reported. The company is in talks with a number of parties and would 'definitely acquire hotels in a year', Sheikh Faisal bin Qassim al-Thani told the news service. 'The plan for next five years is to have between 5-10 hotels in the medium-term,' he said.
You might also like...
Rainmaking in the world economy
19 April 2024
Oman receives Madha industrial city tender prices
19 April 2024
Neom seeks to raise funds in $1.3bn sukuk sale
19 April 2024
Saudi firm advances Neutral Zone real estate plans
19 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.