Frasers Hospitality expands in Middle East and Africa
FRASERS Hospitality Group said on Thursday that it is expanding its global presence with eight new properties in the Middle East and Africa. The new properties will increase the group's footprint to more than 1,500 units in the two regions.
The first of the eight properties will open in the next few weeks - the 396-unit Fraser Suites West Bay, Doha. This will be the group's second operating property in Qatar and its fifth in the Middle East.
The hospitality division of Frasers Centrepoint also revealed that it will enter the Saudi Arabian market for the first time, with properties slated to open in Jeddah, Khobar and Riyadh.
The group also said that openings are planned in Nigeria and the Republic of Congo, which will mark the group's first entry into Africa.
Amendment note: An earlier version of this article stated that the 396-unit Fraser Suites West Bay, Doha opened in mid-March 2017. Frasers Hospitality Group has since corrected its statement to say that the property is set to open in the next few weeks. The above article has been revised to reflect this.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
CapitaLand Investment posts total revenue of S$650 million for Q1
Pricey coffee is here to stay as hoarding, heat hit Vietnam supply
Toyota is investing US$1.4 billion to build another all-electric SUV in US
Airbus net profit soars 28% in first quarter
Carrier AirAsia discloses new listing plans under RM6.8 billion units merger
Intel slides after tepid forecast spurs fears about comeback