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August 5, 2020

Al Waleed Investment Group opens Beach Walk Hotel in Dubai

Dubai-based Al Waleed Investment Group has opened Beach Walk Hotel in Jumeirah, Dubai.

Dubai-based Al Waleed Investment Group has opened Beach Walk Hotel in Jumeirah, Dubai.

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The hotel, which is located on Jumeriah Street and about 20 minutes drive from Dubai International Airport, features modern design architecture.

Built at a cost of AED100m ($27.2m), the hotel consists of 80 rooms in different styles, including deluxe, executive, family.

The hotel provides several subtle, and modern settings to address the requirements of travellers looking to explore the city and relax on the sandy beaches. It also features facilities such as swimming pools, a fitness centre, meeting rooms, and a sauna.

Al Waleed Investment Group president Mohammed Abdul Razak Al-Mutawa was quoted by TradeArabia News Service as saying: “The majority of economic sectors suffered from the global repercussions of Covid-19, and the decline in the performance of economic activities like restaurants, tourism, aviation, etc. The circle of challenges widened in the face of governments, turning them to overcome the current crisis and draw mechanisms for returning the system in general to its previous time.”

Al-Mutawa further added: “History bears witness to the merits of the UAE and its wise government in overcoming crises; it is even one of the countries most capable of overcoming the corona pandemic, which our enlightened leadership viewed as a test of its ability to transform challenges into successes, with the transformation into a regional and global centre for medicine and science. And technology, it was the first to launch the slogan ‘Post-Corona’, and today, we began to see this improvement and progress in all business sectors against the background of the plan to reopen markets and support and stimulate the economy.”

Following the opening of this new hotel, the Al Waleed Investment’s portfolio in the hospitality segment has grown to six entities with 500 rooms.

These consist of Park Regis Boutique, Al Waleed Palace in Oud Metha, Lemon Tree on Al Wasl Road, Beach Walk Jumeirah, Downtown Amman Abdali Boulevard Hotel, and Al Waleed Palace in Al Barsha.

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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