[ad_1]
Egyptian Stock Exchange – Accor and Qatar Airways Create $ 1 Billion Fund to Invest in Africa Source: News & Events – News & Events – Accor and Qatar Airways to Create Investment Fund for Africa $ 39 billion in Africa:
The Accor Group, the largest hotel group in Europe, and the Katara Hospitality Company, Qatar, announced plans to create an equity investment fund. $ 1 billion targeting hotels and hotels in sub-Saharan Africa.
The fund's capital will reach 500 million states Katara and Accor Group will contribute up to 350 million dollars and 150 million dollars over the next five to seven years, reaching additional financing capacity through 39, joint investments or loans.
Accor and Katara said the fund will target emerging projects or those that lack existing hotel development or development through acquisitions.
"Having been present for more than 40 years in Africa, we are also aware that there is a great and growing need for high quality hospitality services". 19659004] "Through this We will combine Katara's hospital expertise and Accor's global portfolio of leading brands to accelerate our active growth in sub-Saharan Africa."
Accor Group recently launched a series of acquisitions , acquiring 50% (NYSE: SPN)
Among the previous acquisitions under the reign of Bazin, who took office as CEO of AQOR in 2013, Savoy Hotel in London and Plaza in New York and Raffles in Singapore Loma News is a news search engine and Loma News gives full responsibility for the content The Egyptian Stock Exchange – Accor and Qatar Airways establish a $ 1 billion fund for investment in Africa L & # 39; history is linked to the news link on your site
The original publisher will be responsible for the copyright and intellectual property rights of the news.This news has been automatically transferred.If you have news and you want to delete or delete them, please first refer to the original source of news and write to us.
[ad_2]
Source link
