Qatar Plans to Pump Considerable Investments in Red Sea

On Thursday, Qatar planned several expansion projects in the Middle East and the North Africa region, implemented by a group of Qatari investment entities, according to Qatari press reports.

The Qatari newspaper, Al-Sharq, reported that both the Qatar Sovereign Fund and the Investment Holding Group concluded recently many deals.

According to the newspaper, the Investment Holding Group has signed contracts for three resorts on the Saudi Shura Island.

They are located in the Red Sea as well as in the Tabuk region, northwest of Saudi Arabia.

The Qatari projects include Central Hotel, Faena Hotel, and Miraval Hotel, which will house 430 rooms, 150 rooms, and 180 rooms, respectively.