Kingdom's "oasis effect"
Mar. 27 - The CEO of Kingdom Hotel Investments says he is trying to create an "oasis effect" in emerging markets where it operates.
It is doing this by buying property surrounding Kingdom's resorts and developing office buildings and second-home villas which can take advantage of the resort's amenities.
Sarmad Zok, speaking at the Reuters Middle East Investment Summit in Dubai on Tuesday, said this type of development is beneficial because it provides an alternative source of funding and enhances capital that has already been used for the development. Separately, Zok says about two-thirds of Kingdom's expansion this year will be in Asia.
No videos currently selected.
Click 
on any video below, from any channel, to add it to your playlist.
U.S. health reform moves on
Featured Videos
Reuters.com:
Help and Contact Us |
Advertise With Us |
Mobile |
Newsletters |
RSS
|
Labs |
Journalism Handbook |
Archive |
Site Index |
Video Index
Thomson Reuters Corporate: Copyright | Disclaimer | Privacy | Professional Products | Professional Products Support | About Thomson Reuters | Careers
International Editions: Africa | Arabic | Argentina | Brazil | Canada | China | France | Germany | India | Italy | Japan | Latin America | Mexico | Russia | Spain | United Kingdom | United States
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
