Jumeirah Group will open new hotels in 11 countries

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and ruler of Dubai, approved the expansion of the Jumeirah Group international network: new hotels with 4300 rooms will appear in 11 more countries. The total investment in development will amount to 8 billion dirhams (US $ 2.2 billion). The expansion program is designed until 2017.

"Our national companies in the sectors of aviation, hospitality, ports, real estate and infrastructure development tell the world the success story of the UAE. They are success ambassadors in all the countries in which we invest. And they have a great responsibility to represent the interests of the national economy and strengthen investor confidence." - said Sheikh Mohammed.

He added that the volume of foreign direct investment of the UAE will grow in the next few years, and the investment strategy itself will stand on three “pillars”: balance, diversification and competent geographical distribution between East and West. The emphasis will be on the Gulf countries, China and Asian markets.

Watch the video: Shanghai's Underwater Quarry Hotel. The B1M (May 2024).