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Qatari group Katara Hospitality announces investments in Cameroon

Qatari group Katara Hospitality announces investments in Cameroon
  • Comments   -   Tuesday, 10 September 2019 13:18

(Business in Cameroon) - Katara Hospitality is currently planning investment projects in Cameroon, Senegal and Nigeria. This was revealed on September 9, 2019, in Doha, Qatar, by Sheikh Nawaf bin Jassim Al Thani (photo), chairman of Katara Hospitality.  

Even though the projects are still in early stages, 10% of the €500 million the hospitality group plans to invest in Sub-Sahara Africa will be devoted to these three countries, the chairman indicated.  

In the framework of the projects, ultramodern conference centers as well as four and five stars hotels will be built without associating local partners.

In the coming years, Africa will host powerful economies (…) We want to influence the continent’s economic development even if it is on a small-scale (…) We know that we will face some challenges but, we will strive to be accepted,” Sheikh Nawaf bin Jassim Al Thani said.

40 hotels in 12 countries

Katara Hospitality, which is already operating in Egypt via the Renaissance Golden View Beach Resort Sharm El Sheikh, will open a hotel in Tangier, Morocco (Tazi Palace Hôtel), in 2020.  

Present in 12 countries (four continents), this hotel has 40 hotels (7,912 rooms and 6,499 workers). 29 out of them are already operational and 11 being built. It expects to add 20 hotels to those 40 by 2026.

A year ago, in the framework of the 2022 World Cup, hosted by Qatar, Katara Hospitality launched the construction of what should be the most luxurious hotel in the world.  The 36-storey hotel should be delivered by end 2021 or in early 2022. It will host 493 rooms and state-of-the-art suites spread across two towers in the shape of the letter “U”.

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