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Funds and investors looking for bargains

All crises have recurring elements and one of them is usually the arrival of opportunistic funds and investors. It is part of the logic of their business: they look for assets and businesses that lose part of their value in times of recession, they buy them cheaper, they inject capital into them and after time, […]

Jumeirah Hotel Group looking for Saudi megaprojects

DAVOS: Jumeirah, the leading hotel and leisure group in the Middle East, is planning major developments in Saudi Arabia’s megaprojects, CEO José Silva told the sidelines of the annual meeting of the World Economic Forum in Davos. “We must be in those places, but I want to make sure we get the right address. Jumeiah […]

The importance of Indian tourists to Gulf countries

The number of Indian tourists traveling to the CCG is expected to increase 81 percent from 5.4 million in 2018 to 9.8 million in 2024, according to the latest report by Colliers International. The report, which was made in conjunction with Arabian Travel Market (ATM) 2020, predicts that more than 20 percent of India’s total […]

Oyo Rooms: Dh3.9bn Saudi tourism investment

The Indian company Oyo Rooms has communicated its interest in creating new job opportunities for young Saudis after making a commitment of 4 billion rials (Dh3.9bn) with the tourism sector of the kingdom of Saudi Arabia. Oyo, with the backing of Softbank, plans to buy 10 new hotels in the premium and luxury segments. After […]

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