The K Hotel in Bahrain was named to the first-ever Arabia Fast Growth 500 (Arabia500) ranking announced during the 2nd Global Summit on Entrepreneurship in Istanbul. The entrepreneurs of the Arabia500 are businesses grown 40 per cent yearly in the toughest downturn in 80 years, and two-thirds reporting stronger profitability compared to a year ago. Faisal Kanoo, managing director of The K Hotel stated: “Receiving this award in our first year of operations is a great achievement and proves our vision of redefining hospitality with the concept of cosy, contemporary living.”