The UAE’s Aldar Properties has signed a long-term strategic agreement with Oberoi Hotels and Resorts.

The agreement will see the development of two outstanding new luxury hotels at Aldar ’s projects on YAS Island and Al Raha Beach.

The relationship will commence with the development of a luxurious business hotel at Al Raha Beach and will be followed by a luxury beachfront resort on YAS Island development. This agreement constitutes the Oberoi Group’s entry into the lucrative Abu Dhabi market and is viewed by Aldar as a strategic step in its hospitality development program, a statement said.

“Under our  agreement with Oberoi Hotels and Resorts, Aldar Hotels and Hospitality will be  their exclusive partners for luxury hotel development in Abu Dhabi. This deal demonstrates Aldar’s growing global status. We believe that by matching world-class hospitality brands with world-class developments, such as Al Raha Beach and YAS Island, we will deliver an exceptional new level of hotel product and service to Abu Dhabi” said Paul Bell, managing director, Aldar Hotels and Hospitality.

“Our relationship with Aldar is an important aspect of our expansion in the region. I believe Abu Dhabi holds great potential and am excited by its plans for development and growth. We are keen to bring our distinctive approach to luxury hospitality and service to Abu Dhabi . We wish to offer guests an experience in these two hotels that will be recognized internationally. We look forward to working with Aldar Hotels and Hospitality to make this a reality”, said PRS Oberoi, chairman, Oberoi Hotels and Resorts. –TradeArabia News Service