The agreement was signed by Arif Mubarak, Chief Executive Officer, BAWADI and Saqer Bin Daen, Chairman of Gantoot Star General Trading.
Pirates Cove Hotel & Resorts will be one of the 31 thematic hotels currently under development at BAWADI. Of 4-star rating, it will comprise 800 rooms and six restaurants offering authentic and live pirate shows, antique exhibitions, jewellery displays and auctions that transport visitors to a time when "skull and cross-bone" black-flagged ships ruled the waves.
Saqer Bin Daen, Gantoot Star General Trading said: "Our privileged partnership with BAWADI marks a significant step for Gantoot in the hospitality sector. Aware of the high level of proficiency that BAWADI expects of any vendor, Gantoot will leverage its vast experience from diverse business sectors to create a distinctive tourist landmark in Dubai."
Welcoming Gantoot Star General Trading to BAWADI, Arif Mubarak, said: "BAWADI's alliance with Gantoot Star is a win-win equation. A highly diversified group that is currently witnessing phenomenal growth, Gantoot Star will add immense value to the overall offering of BAWADI."
The AED 100 billion hospitality and tourism development project representing a unique fusion of culture, history and leisure, BAWADI was launched on 1 May 2006 by His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai.
Over the next eight years, BAWADI projects will double the current number of hotel rooms in the city. At centre-stage will be the world's largest hotel, Asia-Asia, which alone will add 6,500 rooms.
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Gantoot Star to invest AED 800 million on Pirates Cove Hotel & Resorts
- United Arab Emirates: Wednesday, September 20 - 2006 at 15:32
- PRESS RELEASE
BAWADI, the world's largest hospitality destination, today signed an agreement with Gantoot Star General Trading to develop Pirates Cove Hotel & Resorts at an investment cost of AED 800 million.
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About BawadiLaunched 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 - the world's largest hotel 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 the owner of seven market-leading companies and an ambitious business development plan. Its current portfolio is divided into Energy & Healthcare, Tourism & Entertainment, Industry & Knowledge, and includes forthcoming projects that will persist to the best perceived excellence standards in the strive to work Dubai up to the world-class enterprise vision that is set to be accomplished in the imminent future.
A member of Dubai Holding, Tatweer and its entities, Dubailand, Bawadi, Dubai Healthcare City, Dubai Energy, Dubai Industrial City, Mizin, and Moutamarat 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:
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Of Dubai Press Club
Phone: +971-4-3613593
Posted by Lara Lynn Golden, News EditorWednesday, September 20 - 2006 at 15:32 UAE local time (GMT+4)
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This article was updated on Sat Jun 23 2007.
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