By IANS
Abu Dhabi : India’s hospitality major Oberoi Group has signed a long-term strategic agreement with ALDAR properties PJSC to manage two luxury hotels in the United Arab Emirates (UAE) capital, WAM news agency reported Sunday.
ALDAR, one of the largest real estate companies in Abu Dhabi, will develop two hotels in Al Yas island and Al Raha beach with the Oberoi Hotels and Resorts.
The two properties will be wholly owned by ALDAR.
The Al Raha beach hotel will open in 2010 while the Al Yas hotel project is expected to be complete by 2013.
The agreement marks the Oberoi Group’s entry into the lucrative Abu Dhabi market and is viewed by ALDAR as a strategic step in its hospitality business.
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