Dohaland Hospitality partners with UAE's Shurooq
Dohaland to invest in tourism projects developed by Shurooq in Sharjah
Dohaland Hospitality, a subsidiary of AMLAK Holding, has signed a memorandum of understanding with the Sharjah Investment and Development Authority (Shurooq) to boost bilateral relations and mutual cooperation by establishing joint ventures for the development of projects.
According to the MoU, Shurooq and Dohaland agree to jointly evaluate potential investment opportunities and invest in a number of tourism development projects that are currently being developed and managed by Shurooq.
Speaking at the signing ceremony, Shurooq chairperson Sheikha Bodour Al Qasimi said: “Sharjah is witnessing dynamic development and remarkable growth in various sectors. The tourism sector in particular, which is projected to expand by 12% by 2016, benefits from exceptional support and encouragement.”
“This MoU will aid both Shurooq and Dohaland’s approach to developing investment projects across a range of vital sectors, and will help deliver niche tourism projects to boost the emirate’s position on the global tourism map, particularly as Dohaland boasts a long and rich history in the tourism and hospitality sector,” she added.
Shurooq CEO His Excellency Marwan bin Jassim Al Sarkal added: “This agreement will see the building of joint ventures on a solid foundation, a win-win situation for both Shurooq and Dohaland. It will also pave the way for broader investment opportunities and for developing tourism, an important contributor to Sharjah’s economy.”
Shurooq was established in 2009 to encourage investment in the UAE emirate of Sharjah to achieve social, cultural, environmental and economic development in the city.
Dohaland Hospitality manages, develops and launches hotels and hospitality projects, with a particular focus on investing in renowned hospitality brands and niche hotel properties. The organisation is structured to expand its business interests within the hotel and hospitality sector through allied infrastructure investments within Qatar and the international market.