"To achieve investment of Dh30 billion in less than nine hours is unprecedented and reflects the credibility and reliability of Tatweer and its offerings," said Saeed Al Muntafiq, CEO of Tatweer. "The high demand for the plots strengthens our belief that Bawadi will be a leading international hospitality and tourism destination." Tatweer, which will invest Dh40bn in Bawadi, will own and develop 12 hotels on the 10km thematic hotel strip, the longest in the world. The remaining 19 hotels will be operated and managed by leading global hospitality brands.
Al Muntafiq added: "Tatweer has reached an agreement with renowned regional and international investors. Strategically this offering represents a significant platform in the development of tourism in the Emirate, in terms of growing capacity, and will confirm Dubai as one of the world's premier tourist destinations."
When we choose to look away for good, we are as complicit as those at the helm of this atrocity
Over 100 people in Lebanon have been reported killed during the hostilities started on October 7