Retaj Hotels & Hospitality has signed a strategic partnership agreement to manage 16 hotels in Saudi Arabia over the next five years.
The agreement was signed between Sheikh Mohammed Ibrahim Al Aboud, chairman of Ibrahim Al Aboud Company and Dr Mohammed Bin Johar Al Mohammad, vice-chairman and managing director of Retaj Group earlier this year.
At the signing ceremony, Dr Johar confirmed that Retaj Group has plans to continue to expand its investment projects inside and outside of Qatar, especially in the hospitality sector. The signing of 16 hotels in Saudi Arabia speaks volumes about the group's commitment to the family tourism sector, commented the vice-chairman and managing director.
The signing of the management agreement with Ibrahim Al Aboud Company comes in the wake of a change in Retaj’s strategy in the last two years, focusing on expansion and diversification in domestic and foreign markets, including Turkey, Comoros, Saudi Arabia, Sudan, Djibouti and Bahrain. “We are looking to intensify our investment, having completed feasibility studies of several projects and we seek to expand in the hospitality sector in other countries as well, such as Spain, Bosnia, the UAE, Morocco, Niger and Sudan,” said Dr Johar.
Retaj Group is one of the leading Qatari companies operating in the field of real estate and tourism investment. It manages several commercial and residential complexes. Retaj Hotels & Hospitality is a pioneer in the industry and ensures customer satisfaction with its high-end services and high-quality products.
The brand boasts 14 hotels around the world. Retaj Al Rayyan and Retaj Royal are its hotels in Doha, along with hotel apartments such as Retaj Residence Corniche, Retaj INN Marina and Retaj INN. In Turkey, the company manages two hotels - Retaj Royal in Istanbul and Retaj Thermal & SPA in Yalova. The brand also has a resort in Comoros Islands called Retaj Moroni Sports and Leisure, and there is a Retaj Al Rayyan in Makkah, Saudi Arabia.
This year, Retaj will open Retaj Suites Musheireb, Retaj Al Rawdah, and Retaj Salawa Road and Vichy Spa, all in Doha. Bahrain’s capital Manama will also welcome Retaj Al Rayyan and Retaj Al Rayyan Djibouti will open doors in the African republic this year.
Retaj Hotels & Hospitality continues its expansion plans modern Arabian hospitality at its core and will sign new contracts very soon. The company now has hotels in Asia, Africa and Europe, in addition to the future expansion in the Gulf region, especially in Oman and the UAE.
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