UAEs Drydocks World to build undersea hotels across MENA.

By bne IntelliNews May 3, 2012
UAEs Drydocks World has signed a memorandum of understanding (MOU) with Swiss BIG InvestConsult AG to develop undersea hotels across the Middle East, the company said in a statement on its website. Under the agreement, Drydocks World is appointed as the exclusive main contractor for construction of the new concept hotels and cities floating in the Middle East. BIG InvestConsult operates in the area of innovative technologies transfer, as well as investment projects, brokerage and finance. The Swiss company holds the technology rights to build the Water Discus Hotel, a project unique in technology and concept. The hotel features the discus-shaped residential underwater building connected to another discus above water.
Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Bahrain Middle East Bank fully repays USD 13mn debt.

Bahrain Middle East Bank made a USD 13mn full repayment of a loan obligation including a USD 1.4mn interest payment taking total repayments by the troubled lender to USD 43mn, the bank said in ... more

National Bank of Abu Dhabi launches USD 17mn Uridashi bond, MENAs first ever.

National Bank of Abu Dhabi (NBAD), the UAE's largest lender by market value, initiated a USD 17mn fifteen-year Uridashi bond, MENA's first ever, allowing the bank to directly access Japanese ... more

GCC economies resilient to MENA turmoil but constrains persist S&P.

The GCC economies remain insulated from economic and political turbulence in the MENA region and globally but structural challenges continue to constrain sovereign ratings, ratings agency ... more

Follow Us On

Most Read

  1. Saudi Arabia to scale back plans for Neom city
    6 days ago
  2. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  3. The ruble overtakes the yuan as Russia's main currency for settling international trade deals
    7 days ago
  4. Iran vs Israel: Who is better equipped for war?
    2 days ago
  5. Leading emerging markets move rapidly up World Bank’s PPP GDP and FDI confidence rankings
    7 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    16 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    21 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. UBN: Russia could take the Baltic states in 48 hours
    26 days ago
  5. BRICS announce a blockchain-based payment system to create a common currency
    19 days ago

Reports

Dismiss