Business | Property
Al Amoudi to build new resort at Bawadi
Al Amoudi, a diversified business group, said it will develop an Ottoman Palace Hotel and Resort at Bawadi, the Dh100 billion hospitality and tourism boulevard near Dubailand.
- Staff Report
- Published: 00:00 January 18, 2007
Dubai: Al Amoudi, a diversified business group, said it will develop an Ottoman Palace Hotel and Resort at Bawadi, the Dh100 billion hospitality and tourism boulevard near Dubailand.
The company yesterday signed an agreement with Bawadi to create the resort that will replicate the 16th and 17th century era.
The agreement confirming the partnership was signed between Saeed Al Muntafiq, chief executive of Tatweer, Bawadi's parent entity and Shaikh Mohammad Al Amoudi, chairman of Golden Leaves Hotels and Resorts Ltd at the Bawadi offices in Dubai.
Al Muntafiq said: "Shaikh Mohammad Al Amoudi represents the best of private sector entrepreneurship and is proof of much of what is happening in African development.
Enhancement
"With the alliance of industry leaders in the hospitality sector, Bawadi will considerably enhance Dubai's global positioning as the world's leading tourism destination."
Al Amoudi owns a wide ranging business portfolio, notable amongst which are oil refineries in Sweden and Morocco, gold mines, agriculture projects, in addition to industrial projects. He is also the founder and chairman of MIDROC Ethiopia Group, which owns major diversified business sectors in Ethiopia. His hotels portfolio includes properties in Ethiopia, Uganda, Djibouti, Morocco, Saudi Arabia, Europe and Yemen where two new hotels are under construction.
Al Amoudi said: "Dubai has firmly established itself in the world economic community. The high-profile projects that Tatweer represents convinced us of Bawadi's extraordinary vision for the region. We look forward to developing the Ottoman Palace Hotel and Resort as a must-visit resort within Dubai."
A five-star hotel, Otto-man Palace Hotel and Resort will be a model of the life and times of the 16th and 17th centuries. Replicating the Ottoman era, the resort will include offerings from traditional Turkish baths. Enhancing the experience of the 600-room resort will be traditional performances.
Bawadi will represent the largest concentration of leading hotels in the world on a 10km boulevard, including the largest hotel in the world, Asia Asia.
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