Tuesday, March 19, 2013

Qatari investors target European hospitality sector


The Qatari private sector is set to invest more than $5bn in Europe’s hospitality sector in the next couple of years, top businessmen have said.

Speaking to Gulf Times on the sidelines of the opening ceremony of the five-star Retaj Hotel in the Turkish city of Istanbul, they said Qatari entrepreneurs were keen to tap opportunities in the European hospitality industry, “which is highly promising”.

Retaj Hotels and Hospitality, one of the leading companies operating in Qatar, last week inaugurated its maiden overseas project in Istanbul. Retaj officials said they had launched negotiations for another one in London.

Retaj Royale Istanbul - a hotel with an Islamic concept like all properties of the group back home - is a five-star facility in the heart of the city with its focus on satisfying the luxury needs of a trans-Arabic clientele.

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