Qatar Holding, the investment arm of the country's sovereign wealth fund, plans to build four luxury hotels - including a 150-room Harrods Hotel - on Sardinia, the second largest island in the Mediterranean Sea and an autonomous region of Italy.
The massive one-billion-euro development project coming up on Sardinia's Costa Smeralds is likely to be completed over the next 10 years, said Italian media reports citing Arzachena Mayor Alberto Ragnedda.
The plan also includes a 200-room family hotel for the luxury market, and two others, one in Pevero with 90 rooms and one in Razza di Juncu with 75 rooms, targeting young people, the report stated.
The plan also includes an aquatic amusement park inside the Liscia Ruja reserve, a low-impact electric Go-Kart route within a former landfill at Abbiadori, expanding roads and water and sewer systems, and an academy to train tourism managers.
The project, which was presented by architect Tonino Fadda for Qatar Holding, is to be debated with environmental experts to make sure it doesn't violate Sardinia's landscape protection regulations, it added.
BisB registers 105pc rise in net income
Manama: BisB has posted an increase of 105 per cent in net income for the first six months of the year at BD8.2 million ($21.75m), compared with BD4m for the same period last year.
BCFC net profit surges 18pc to $22.5 million
Manama: Bahrain Commercial Facilities Company (BCFC) has posted an 18 per cent rise in consolidated net profit at BD8.5 million ($22.5m) for the first half of the year, compared with BD7.2m for the s
Batelco-VKL Holding in accord
Manama: Batelco has announced a partnership with VKL Holding Group to provide end-to-end fibre infrastructure for Juffair Mall and Juffair Hotel, due to open in September.
The agreement wa
KHCB gains soar 177pc
Manama: Khaleeji Commercial Bank (KHCB), a Bahrain-based Islamic bank, has reported an increase of 177 per cent in net profit for the first half at BD4.4 million ($11.67m), compared with BD1.6m for