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QIB $34m hotel finance
- Qatar: Wednesday, December 27 - 2006 at 15:10
Qatar Islamic Bank is financing the construction of the $34m five-star Retaj Hotel. Retaj Marketing & Project Management is the client. The 10-storey property will have 218 rooms in a built up area of 201,920 sqft. The finance is by way of a sharia-compliant Musharaka-Ijara contract.
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James McInerney, News EditorWednesday, December 27 - 2006 at 15:10 UAE local time (GMT+4)
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This article was updated on Sat Jan 13 2007.
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