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FINANCIAL NEWS
An agreement for the operation and management of Hawar Islands
28 Jul 2013
(MENAFN) A deal was signed between The Southern Area Development Company (SADC) and VK Universal Property Management Company that allows the latter to operate and manage the Hawar Islands’ hotel facilities in Bahrain, reported Gulf Daily News.
The tourism sector in the gulf kingdom experienced a 26 percent increase in the past year, and this project is expected to help further expand this important sector.
“As the investment arm of Bahrain, we actively support the growth of the kingdom’s burgeoning tourism sector,” said Mahmood Al Kooheji, chief executive of Mumtalakat Holding Company, joint owner of SADC.
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