Qatari investor invests in modernization of Ukraine Hotel in Kyiv

Hotel “Ukraine” in Kiev. Photos from open sources

Memorandum of Understanding with Qatari investor Al Rayyan Tourism Investment Co. WLL signed the Ministry of Infrastructure of Ukraine, which aims to attract investment, development of tourism and hotel infrastructure.

In particular, it is an investment in the modernization of Hotel Ukraine.

It is noted that next year the tourism industry will receive record expenditures both for infrastructure development and for promoting Ukraine in the world. They also agreed to establish a University of Hospitality.

Among the areas of cooperation between the Ministry and the investor:

  • implementation of joint projects in the field of tourism;
  • exchange of experience in the development of the hotel business;
  • development of the concept and long-term plans for the development of the hotel.

The plans are to carry out construction works and re-equip the Ukraine Hotel at the expense of a private investor.

Note that Al Rayyan Tourism Investment Co. WLL (ARTIC) is one of the world’s leading international hotel groups. It is part of Al Faisal Holding, headquartered in Qatar. The company’s current investment portfolio includes more than 34 famous and iconic facilities in the city center and resorts in the Middle East and North Africa, Europe and North America. Among the ARTIC projects: The St. Regis Washington (USA), Aleph Rome Hotel Curio Collection by Hilton (Italy), Radisson Blu Aqua Hotel Chicago (USA), City Center Rotana Doha (Qatar).

(c)INDUSTRIAL PORTAL UKRAINE 2021

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