Gulf and Indian Ocean Hotel Investors' Summit focuses on challenges, opportunities and innovation in the sector
Abu Dhabi, UAE - Aldar Properties PJSC ('Aldar'), Abu Dhabi's leading listed property development, investment and management company, reinforced its credentials in the hospitality and tourism sector, as over 350 delegates converged on the Yas Island Viceroy for the inaugural Gulf and Indian Ocean Hotel Investors' Summit.
With over 80 speakers drawn from leadership positions across the industry, major discussions have focused on the role of innovation, challenges and opportunities in the hotel investment sector. In addition to this, sessions at GIOHIS have discussed deals and valuations across the region, staff retention, and the role of hotels in a broader context - placing them in mixed use developments involving retail, or theme parks.
Mohamed Khalifa Al Mubarak, CEO, Aldar Properties, welcomed delegates with a speech highlighting Abu Dhabi's growth as a global destination, and the Emirate's strong commercial fundamentals. As Chairman of the Abu Dhabi Tourism and Culture Authority, Al Mubarak also underlined how the ongoing development of Abu Dhabi Airport, the continued growth of Yas Island, and the Emirate's upcoming art and cultural centers will further strengthen the UAE Capital's international standing.
Jahed Rahman, Director, Hospitality & Leisure at Aldar Properties, commented: "We are proud to host this first of a kind conference in Abu Dhabi. By bringing together many of the key participants and decision makers of the hotel industry from across the Gulf and Indian Ocean, Aldar is demonstrating that not only is it a growing force in hotel development, it is also a key player in the region's industry landscape development. We look forward to hosting more such events as we continue to showcase our best in class service to tourists and business travelers who are visiting Abu Dhabi."
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About Aldar
Aldar Properties PJSC is the leading real estate developer in Abu Dhabi with USD12 billion in assets, a 77 million sq. m land bank, and through its iconic developments, it is one of the most well known in the United Arab Emirates, and wider Middle East region.
From its beginnings in 2005 through to today, Aldar continues to shape and enhance the urban fabric of the UAE's Capital City in addition to other key areas of the Emirate.
Aldar develops exciting and innovative projects, such as the internationally recognized HQ building situated in the Al Raha Beach development, the Gate Towers in Shams Abu Dhabi on Al Reem Island, in addition to Yas Island's F1 circuit.
Aldar's shares are traded on the Abu Dhabi Securities Exchange (Stock quote: ALDAR:UH), and is a profitable, cash generative business that provides recurring revenues, and benefits from a diverse and supportive shareholder base. Aldar operates according to high standards of corporate governance and is committed to operating a long term and sustainable business in order to provide ongoing value for its shareholders.
Aldar seeks to create quality, comfortable, desirable destinations that enrich the lives of Abu Dhabi residents as well as tourists within the Emirate. Aldar is playing a leading role in the development and provision of world class retail - Yas Mall, international standard education through Aldar Academies, iconic entertainment venues such as the Yas Marina Circuit, and community amenities across its entire portfolio.
Aldar is driven by a vision to be the most trusted and recognized real estate lifestyle developer in Abu Dhabi and beyond.
www.aldar.com
For further information, please contact:
Media:
Nick Farmer
Aldar Properties
+971 2 810 5555
Colin Judd/ Asala Faddah
Bell Pottinger
+971 5555 97400/+917 5555 97392
© Press Release 2016
