How We Present the News
WORLD NEWS
Positive Trends
Success Stories
Flops
Agriculture
Business
Culture
Education
Government
Health
Science
World Peace
News by
Country
Maharishi in the World Today
Excellence in Action
Consciousness Based Education
Ideal Society
Index
Invincible World
Action for
Achievement
Announcements
WATCH LIVE
Maharishi® Channel
Maharishi TV
Maharishi Darshan Hindi Press Conferences
Maharishi's Press Conferences and Great Global Events
ULTIMATE GIFTS
Maharishi's
Programmes
Maharishi's
Courses
Maharishi's
Publications
Scintillating
Intelligence
Worldwide Links
Transcendental
Meditation
RESEARCH
Album of Events
Celebration
Calendars
Musicmall ♬
Search
|
Qatar signs $70 mln hotel deal in Comoros
Reuters Translate This Article
21 May 2010
MORONI, April 21 (Reuters) - State-owned Qatar National Hotels said on Wednesday it would invest $70 million in a luxury hotel resort in Comoros, one of the largest injections of foreign investment into the poor Indian Ocean archipelago.
Owned by the Qatar government, the Qatar National Hotels deal is part of a $540 million pledge to support development in one of the world's most impoverished countries.
In 2008, Dubai World agreed to a similar project to build a top-end hotel on the same site at the northern tip of Grande Comore, the largest of the archipelago's three island's.
But the state-owned global holding company pulled out after the global financial crisis hurt its finances.
Mohammad Abdullah Al Roumayh, Qatar's deputy minister for foreign affairs, said the hotel complex would comprise 150 bedrooms.
The Comoros' heavily-indebted economy is expected to grow by 2 percent this year from 1.8 percent in 2009, according to the International Monetary Fund.
(Reporting by Ali Amir Ahmed; Editing by Richard Lough and Matthew Jones)
Copyright 2010 Reuters. Reprinted with permission from Reuters. Reuters content is the intellectual property of Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. Reuters and the Reuters Sphere Logo are registered trademarks of the Reuters group of companies around the world. For additional information about Reuters content and services, please visit Reuters website at www.reuters.com. License # REU-5918-MES
Every day Global Good News documents the rise of a better quality of life dawning in the world from good news reported by the press; and highlights the need for introducing Natural Law based-Total Knowledge based-programmes to bring the support of Nature to every individual, raise the quality of life of every society, and create a lasting state of world peace.
Translation software is not perfect; however if you would like to try it, you can translate this page using:
Send Good News to Global Good News.
Your comments.
|
|