Monday, May 21, 2018

Travel, Tourism & Hospitality

Emaar Hospitality to manage first Saudi hotel
June 2017 393

Emaar Hospitality, the hospitality and leisure business of Emaar Properties, has signed an agreement to manage its first hotel in Saudi Arabia.

The news was clarified by the group in a statement posted on Dubai Financial Market’s website.

“We would like to clarify that entering into a hotel management agreement is in the normal course of business for Emaar Hospitaity,” it said.

The agreement is not expected to have a material impact on Emaar Properties’ financials, the company said. - TradeArabia News Service

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