Qatar plans to invest in Red Sea resorts ...Egypt

Qatar has planned several expansion projects in the Middle East and the North Africa region. They will achieve this by relying on a group of Qatari investment entities, Qatari press reports revealed, on Wednesday. The Qatari newspaper, Al-Sharq, reported that both the Qatar Sovereign Fund and the Investment Holding Group concluded recently many deals. According to the newspaper, the Investment Holding Group has signed contracts for three resorts on the Saudi Shura Island. They are located in the Red Sea as well as in the Tabuk region, northwest of Saudi Arabia. The planned hotels as part of the Qatari projects include Central Hotel, which will have 430 rooms, Faena Hotel and are located near

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Qatar plans to invest in Red Sea resorts ...Egypt

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