Log in

Login to your account

Username *
Password *
Remember Me
Login With Facebook

Gulf hotel operators open hotels in high-risk Iraq

altMay 8 - Hotel operators in the Gulf region have obtained a first-mover advantage over international competitors by opening hotels in Baghdad, Karbala, and Erbil.   Gulf investors have shown a growing interest in Iraq, with the number of projects by regional company’s year-on-year up 87 percent in 2009.   Projects worth about $230 billion (Dh 844 billion) are currently in progress in Iraq, 35 percent of which are dedicated to construction.  

GCC operators seem to be targeting a high risk, high return scenario. “We’re worried of course. But we hope that by the time we open our property in Baghdad, the political tensions will clear up.  If not, we will still operate.  There are over 300,000 United Nation suppliers and contractors needing a safe place to stay” said Salim Al Zyr, president and chief executive of Abu Dhabi based Rotana hotels.  Al Zyr joked that “we’re not going to wear any army fatigues.”

Special Offers

Cruise with the stars for Dh8,850

Emirates is partnering with the "Stars on Board" cruise for the fourth consecutive year as part of its efforts to support art and culture in the Arab world. The trip enables
  • More Special Offers
  • Destination:

    1. Start date:

    2. End date: