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May 16 2011

Faruk Group Holding reveals plans to make Sulaymaniyah a desired destination within the Arab world

Mr. Faruk Mustafa Rasool, Chairman of Faruk Group Holding.
Mr. Faruk Mustafa Rasool, Chairman of Faruk Group Holding.

More than US$ 400 Million invested in the hospitality industry alone

Sulaymaniyah, Iraq ,Dubai, UAE; May 16, 2011: Faruk Group Holding, a group of companies with a diversified range of interests including telecommunications, cement, manufacturing, hotels, medical services, properties, construction and IT, recently revealed plans to make Sulaymaniyah a desired destination within the Arab world during the Arabian Travel Market 2011.

The group unveiled the new roadmap for Sulaymaniyah's hospitality industry with various key hotel projects which includes Grand Millennium Sulaymaniyah, Copthorne Hotel Baranan and Copthorne Hotel and Spa.

Commenting on the occasion, Mr. Faruk Mustafa Rasool, Chairman of Faruk Group Holding said: "Iraq is a promising market; with more growth potential than any other market in the world is expected to have in the next 5 to 10 years. Our operations in Sulaymaniyah and will support not only our entry into the Iraq market but also the global business community."

Grand Millennium Sulaymaniyah, Copthorne Hotel Baranan and Copthorne Hotel and Spa are major projects funded by more than US$ 400 Million invested in the hospitality industry alone.

From his side, Mr. Hawre Daro Noori, CEO, Faruk Group Holding said: "We are from Sulaymaniyah and we are steering our city's economy into becoming an industrial, telecommunications and education hub. We invite businessmen from all over the world to visit Sulaymaniyah and Iraq and have a look and perhaps start a business in our country, because we believe that Iraq is a promising market."

Faruk Group Holding continues to invest in the hospitality sector to attract more visitors to Sulaymaniyah and provide international quality accommodations for guests and tourists from all over the world; as well as corporate clients, exhibition delegates, and other business and leisure visitors.

Since it was established, Faruk Group Holding has been aiming to enter new markets while supporting local business in Iraq.

Faruk Group Holding created Asiacell, the largest Iraqi private company, the first only mobile company covering all of Iraq's 18 governorates.

-Ends-

About Faruk Group Holding (FGH)
Faruk Group Holding, a group of companies with a diversified range of activities including telecommunications, cement industry, hotels, medical services, properties, construction and IT.

The Company was incorporated as a holding company, controlling the shares and companies owned by its Chairman, Faruk Mustafa Rasool. FGH has always been in the forefront of Iraq's development and has constantly aligned business opportunity with the objective of helping surrounding Iraqi communities. This approach remains engraved in FGH's culture to this day. FGH is Iraq's largest and most respected private company, employing over 11.000 people.

FGH shares a set of five core values: integrity, humanity, reliability, excellence and democratic principles. These values, which have been paramount to beliefs and convictions since FGH's inception, continue to guide and drive all business decisions. Commitment to the adherence of universal business ethics a dedication to corporate responsibilities has earned FGH the trust of millions of stakeholders in measure that few companies in Iraq can match. For more info about the Faruk Group Holding please visit: :http://www.farukholding.com/Default.aspx

For more information, please contact:
Ziyad Hawas Al Ibrahim
Venture Communications
Tel: +971 4 3612729
Mobile: +97150 3534346
ziyadalibrahim@venture-com.com

© Press Release 2011


© Copyright Zawya. All Rights Reserved.


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