Browse
related articles
The National Hotel Corporation was founded in 1976 to serve the tourism sector in Sharjah and according to the agreement SIB will become the sole proprietor of the corporation's assets, including hotels, lands, movable and immovable properties, other assets, commercial trademarks and brand names; is in charge of managing the corporation and will have all relevant rights to it.
This significant investment is in line with Sharjah Islamic bank's strategic objectives to increase and diversify its investment activities, particularly in the area of tourism.
"Sharjah Islamic Bank will study the further development and upgrading of Sharjah National Hotel Corporation with plans for future expansion and building of additional hotels. We intend to invest and add economic value to the hotels and subsequently realize higher returns on this investment,"
said Mr. Hussein Al Qemzi, SIB Chief Executive Officer.
"The project will be our bank's arm in the area of tourism. Other investments and future projects in the tourism sector will be under the umbrella of this corporation," commented Mr Al Qemzi.
Digg
Facebook
LinkedIn
Twitter
Posted by Lara Lynn Golden, News Editor
It looks like you are using a Mac - check out our 
Web Feeds