from Emirates News Agency (3/3):
$2 billion investment plan for Islamically-compliant hotels
Mar 3, 2008 - 08:57 -
"WAM Dubai, March 3rd, 2008 (WAM) -- A $2 billion plan to develop an Islamically-compliant hotel brand portfolio appealing to lifestyle travellers - both Muslim and non-Muslim - is to be outlined to potential investors.
Abdulla Mohamed Almulla, Chairman of Dubai-based Almulla Hospitality, will reveal details of a multi-brand chain of up to 90 international hotels operating under a Shari'ah supervisory board at the Arabian Hotel Investment Conference that takes place in May in Dubai." ...
"The initial destinations targeted by Almulla Hospitality are Saudi Arabia, the United Arab Emirates, Jordan, Egypt, Malaysia and Thailand. The company is also looking to set up operations in Europe." ...
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