Retaj Hotels & Hospitality to increase its footprint in Saudi Market

Retaj Hotels & Hospitality has signed a strategic partnership agreement to manage 16 hotels in Saudi Arabia over the next five years. This marks the beginning of other partnerships inside and outside the Kingdom. The agreement was signed between HE Sheikh Mohammed Ibrahim Al Aboud, Chairman of Ibrahim Al Aboud for Facility management & operations and Dr. Mohammed Bin Johar Al-Mohammad, Vice Chairman and Managing Director of Retaj Group. The signing ceremony took place at Retaj Royale Doha Hotel and was attended by members of the Board of Directors of Retaj Group, a number of economic figures, the accompanying delegation, the CEO of Retaj Hotels & Hospitality, the CEO of Retaj Real Estate and Retaj Management team.

Dr. Johar, Vice Chairman and Managing Director of Retaj Group, said that Retaj Group has plans to expand its investment projects inside and outside Qatar, especially in the Hotels and hospitality sector. The signing of 16 hotels in Saudi Arabia, Was a confirmation of the Group's vision and mission to focus on investing in the family hospitality and tourism sector, which takes into account the specificities of the Gulf society in particular and the Arab and Islamic communities in general, and the signing of this agreement is the result of these plans implemented by the company's asset management.

He also stressed that. The signing of the agreement with Ibrahim Al Aboud Company comes as a result of the plans, visions and policies set by the Board of Directors to change the strategy during the past two years, which led to the current expansion and achieving investment diversification in the domestic and foreign markets, in Turkey, Comoros, Saudi Arabia, Sudan, Djibouti and Bahrain, and we are looking to intensify the investment projects of the group after completion of the feasibility studies of several projects and their suitability to the activities and vision of the future company and we seek to expand in Hospitality sector in other countries such as "Spain - Bosnia - UAE - Morocco - Niger - Sudan".

Retaj Group is one of the leading Qatari companies operating in the field of real estate and tourism investment. It manages a number of commercial and residential complexes. Retaj Hotels & Hospitality is a pioneer in the field of hospitality, by providing an innovative concept according to the Arabic hospitality and traditions. By providing its valued customers with exceptional and high-end services with high quality products, to ensure and persist on customer satisfaction to reach a differentiated competitive advantage.

Retaj Hotels & Hospitality nowadays comprises fourteen hotels around the world such as: in Doha, Qatar “Retaj Al Rayyan” and “Retaj Royal” also Hotel apartments such as “Retaj Residence Corniche”, “Retaj INN Marina” and “Retaj INN”. In Turkey the company manages two hotels such as “Retaj Royal” in Istanbul, “Retaj Thermal & SPA” in Yalova, in addition to a resort in Comoros Islands “Retaj Moroni Sports and Leisure” and “Retaj Al Rayyan” in Mecca, Saudi Arabia. Recently Retaj hotels and Hospitality included a number of hotels and resorts to be opened in 2017 in different countries and locations such as, in Doha “Retaj suites Musheireb” which is located in Musheireb, and "Retaj Al Rawdah" in Rawdat Al Kheel District, also one of the best resorts in Salwa road "Retaj Salawa Road and Vichy Spa". In addition to, Al Manamah, Bahrain "Retaj Al Rayyan” and Moreover in Djibouti "Retaj Al Rayyan Djibouti." Retaj Hotels and Hospitality continues its expansion plans locally and globally with the concept of modern Arabic hospitality and will sign new contracts in the near future to manage hotels in a number of countries in the region. It is worth mentioning that the company now has hotels in Asia, Africa and Europe, In addition to the future expansion of the Gulf region especially in Oman and United Arab Emirates.