qatar plans harrods hotels around the world
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Qatar plans Harrods hotels around the world

Arab Today, arab today

Arab Today, arab today Qatar plans Harrods hotels around the world

Doha - Arabstoday

Qatar Holding said it plans to open Harrods-branded hotels in cities around the world including New York and Paris, two years after buying the British luxury retailer from the family trust of Mohamed Al Fayed.The Doha-based company, an arm of Gulf state's sovereign wealth fund, signed an agreement with Malaysian partners today for a proposed hotel in Kuala Lumpur's Bukit Bintang shopping district. A hotel management company will be established to seek out similar projects around the world, according to a joint statement by Harrods and Qatar Holding. "We have already decided to build a Harrods Hotel in London, one in Kuala Lumpur and one in Sardinia, Italy," the Qatar Holding vice chairman Hussain Ali Al Abdulla told reporters in the Malaysian capital today. "We are looking to invest more in Malaysia because we think the economy is growing." Qatar Holding paid £1.5 billion pounds (Dh 8.64bn) for Harrods in 2010, including its landmark store in London's Knightsbridge district, which opened in 1849 and counted Sigmund Freud and Oscar Wilde among its customers. The hotel initiative is part of a strategy to develop the brand beyond retailing. The Kuala Lumpur hotel would be the group's first in Asia. It also wants to open in China, Mr Al Abdullah said. Construction will start in a year on a 5.5-acre (2.2 hectare) site in the Malaysian capital, he said. About 2 billion ringgit (Dh2.33bn) will be spent on the development, which will comprise as many as 300 hotel rooms, apartments and retail space, said Mr Al Abdullah. Its preference is to build on sites already owned by Qatar Holding or its affiliates, such as London's Chelsea Barracks site or Sardinia's Costa Smeralda, according to the statement. "Qatar Holding ultimately intends to grow Harrods into a global enterprise that defines the luxury retailer and leisure sectors," it said. Qatar Holding is part of the Qatar Investment Authority, which is the largest shareholder in the J Sainsbury grocery chain in the UK, and invested $2.8 billion (Dh10.28) in Agricultural Bank of China's initial public offering last year. from the national.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

qatar plans harrods hotels around the world qatar plans harrods hotels around the world

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

qatar plans harrods hotels around the world qatar plans harrods hotels around the world

 



GMT 10:35 2017 Saturday ,06 May

Outlasts Moriya in match play sibling duel

GMT 18:43 2018 Thursday ,06 September

Open sit-in protest against demolition of Khan Al-Ahmar

GMT 20:33 2017 Saturday ,08 July

US, Russia agree on ceasefire in southwest Syria

GMT 20:56 2017 Monday ,13 February

Netanyahu opposes Palestinian state

GMT 07:04 2017 Thursday ,16 March

Ministry of Justice celebrates Women World Day

GMT 17:51 2017 Monday ,23 October

Bahrain temporarily frees female activist

GMT 10:33 2018 Wednesday ,03 January

Govt striving hard to eliminate polio, hepatitis: Saira

GMT 00:38 2016 Monday ,19 December

Sisi leaves for Uganda on brief visit
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday