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FINANCIAL NEWS
Hong Kong group eyes expansion in GCC
08 Dec 2014
(MENAFN) Hong Kong-based Swiss Belhotel International group announced that it is planning to expand further in the UAE and other GCC countries after the group has made some steps to strengthen its presence in the UAE, Saudi Arabia, Qatar, Kuwait and Oman, Arabian Business reported.
The group said that it is planning to push ahead in its expansion plans as it expects that the region will continue in its economic growth in the future, as well as its growth within the tourism sector due to the massive projects it is currently planning in addition to the mega events that will be hosted in both Dubai and Qatar.
The Hong Kong-based group said that it would open new hotels in 2015 in the Gulf and other countries of the Middle East, after solidifying their position as being one of the strongest hotel groups in some countries including China, the Philippines, Indonesia and the Far East.
In 2015, the group intends to open Swiss Belhotel Alghabra in Muscat and Swiss Belhotel Erbil in Iraq’s Kurdistan, as well as having plans to expand in other countries, including Egypt and Turkey.
Swiss Belhotel International already has nearly 120 hotels and resorts worldwide including China, Vietnam, the Philippines, Indonesia, Australia, New Zealand, UAE, Kuwait, Qatar, Bahrain, Saudi Arabia, Oman and Iraq.
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