Bawadi to be home to 5 Star Ottoman Palace Hotel and Resort

Al Amoudi today signed an agreement with Bawadi, a member of Tatweer, to create the Ottoman Palace Hotel and Resort.

United Arab Emirates: Wednesday, January 17 - 2007 at 14:04
PRESS RELEASE

Saeed Al Muntafiq Chief Executive Officer of Tatweer and Sheikh Mohammed Al Amoudi Chairman of Golden Leaves Hotels and Resorts Ltd.

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The development will provide world class offerings replicating the 16th and 17th century era at the AED 100 billion hospitality and tourism boulevard.

The agreement confirming the partnership was signed between Saeed Al Muntafiq, Chief Executive Officer of Tatweer and Sheikh Mohammed Al Amoudi, Chairman of Golden Leaves Hotels and Resorts Ltd at the Bawadi offices in Emirates Towers.

Al Amoudi owns a wide ranging business portfolio, notable amongst which are oil refineries in Sweden and Morocco, gold mine, agriculture projects, in addition to industrial projects. He is also the founder and Chairman of MIDROC Ethiopia Group, which owns major diversified business sectors in Ethiopia. His hotels portfolio includes properties in Ethiopia, Uganda, Djibouti, Morocco, Saudi Arabia, Europe and Yemen where two new hotels are under construction.

Saeed Al Muntafiq, CEO of Tatweer, said: 'Sheikh Mohammed Al Amoudi represents the best of private sector entrepreneurship and is proof of much of what is happening in African development.
'With the alliance of industry leaders in the hospitality sector, Bawadi will considerably enhance Dubai's global positioning as the world's leading tourism destination.'

Sheikh Mohammed Al Amoudi said: 'Dubai has firmly established itself in the world economic community. The high profile projects that Tatweer represents convinced us of Bawadi's extraordinary vision for the region. We look forward to developing the Ottoman Palace Hotel and Resort as a must visit resort within Dubai.'

A 5 star hotel, Ottoman Palace Hotel and Resort will be a model of the life and times of the 16th and 17th centuries. Replicating the Ottoman era, the resort will include inimitable hospitality offerings from speciality Turkish baths. Enhancing the exclusive thematic experience of the 600 room resort will be world class traditional performances mirroring the best of the period.

Bawadi will represent the largest concentration of leading hotels in the world on a 10 km boulevard, including the largest hotel in the world, Asia Asia.

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About Bawadi:
Launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, in May 2006, Bawadi is the world's largest hospitality and leisure development. The AED100 billion project will feature 31 luxury hotels, including Asia Asia - with 6,500 rooms. In total Bawadi will offer 29,200 rooms.

About Tatweer:
Launched in December 2005 Tatweer is one the region's most promising enterprises and a Member of Dubai Holding. It owns nine market-leading companies and managing an ambitious business development plan.

Its current portfolio is divided into Energy & Healthcare, Tourism & Entertainment, Industry & Knowledge. Its entities are Dubai Healthcare City, the region's hub for world-class quality healthcare services; Mizin, one of the most advanced real estate companies in the region; 'The Tiger Woods - Dubai' an exclusive golf community that will include a Tiger Woods designed Golf Course; Dubailand, one of the biggest leisure, entertainment and tourism destinations in the Middle East region; Dubai Industrial City, an industrial township to develop Dubai as a leading manufacturing hub; Bawadi, the world's leading hospitality and entertainment project bringing 31 hotels and more than 29,000 hotel rooms; Dubai Energy, investing in regional and global energy opportunities and building a diversified investment portfolio; Dubai Mercantile Exchange, the first commodity futures exchange in the Middle East; Global Village, which brings together 160 different countries showcasing myriad cultures; and Moutamarat, the first Arab initiative organizing research-based conferences and exhibitions.

A Member of Dubai Holding, Tatweer and its entities will continue to consolidate a group of life-improving industries. In addition, it has pioneered the market with joint venture initiatives with leading companies such as the New York Mercantile Exchange or the Saudi Research and Publishing Company.

Tatweer will continuously strive for world-class performance implementing leadership development to drive and sustain business excellence, quality and high performance.

For Further Information:
Agency:
Tarek Sakik
Senior Account Manager
Jiwin the Public Relations Arm
Of Dubai Press Club
Phone: +971-4-3613593

Posted by Janeta Novakovic, Assistant News Editor
Wednesday, January 17 - 2007 at 14:04 UAE local time (GMT+4)

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This Article was updated on Wednesday, April 25 - 2007

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