FINANCIAL NEWS

Bahrain’s Banader Rotana Hotel to operate in 17 months

09 Oct 2013

(MENAFN) A top official said that Banader Rotana Hotel is expected to be ready after 17 months from now as the final constructing stage was resumed last month, according to Gulf Daily News.

Abdulla Buhindi, Banader Hotels Company’s chairman, said: “The $47.7 million finance that we got from Kuwait Finance House-Bahrain has enabled us to revive the stalled project and we are thankful to them.”

The global financial and the crisis lack of funding were major reasons behind the retreat of real estate projects in the region, said Banader Hotels director Mohammed Almoayyed.

More News

This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more