Register | Forgot password?
Switch to Arabic
Sunday, November 8 - 2009

Dubai World eyes more hotel projects

  • United Arab Emirates: Wednesday, November 19 - 2008 at 08:46

Dubai World plans to take advantage of the global credit crisis to expand its presence around the world in hotel projects, especially in emerging markets, Gulf News has reported. Speaking at the opening of the Fontaine-bleau Miami Beach resort - the latest high-profile investment of Dubai World in the United States - the company's chairman, Sultan Ahmad Bin Sulayem, stressed the need to see opportunities in times of global financial turmoil. Dubai World paid $375m for a 50% stake in the hotel in April. The stake would have been four times the cost if it had been made two or three years earlier, he noted.

Also consider reading:

Disclaimer:

The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / Emap Limited and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.

AME Info FZ LLC / Emap Limited can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / Emap Limited.

In no event shall AME Info FZ LLC / Emap Limited be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.