$27m Expo Hotel Sharjah deal signed
Sharjah, March 5, 2014
United Investment and Sharjah Chamber of Commerce and Industry (SCCI) have signed a deal to build a Dh100 million ($27.2 million) hotel to serve the emirate’s various sectors and participants in the Sharjah Expo Centre’s events.
The Expo Hotel Sharjah will comprise 200 rooms, with the highest standards and will serve touristic and economic purposes, said a statement.
Khalifa Al Shaibani, director general of United Investment, said that details of the project would be revealed during the Arabian Travel Market show in Dubai before the project work begins.
The hotel will be located near the Expo Centre Sharjah, he said. He pointed out that the project translated the success of the events held in Sharjah, attracting participants and visitors from all over the world.
The agreement was signed by Sheikh Sultan bin Ahmed Al Qassimi, who represented United Investment, and Ahmed Al Midfaa, chairman of SCCI, in the presence of members of the SCCI’s board, Hussain Al Mahmoudi, director general of SCCI, and Al Shaibani. - TradeArabia News Service