“Abu Dhabi Development” signs a tourism investment agreement in Thailand worth...

“Abu Dhabi Development” signs a tourism investment agreement in Thailand worth...
“Abu Dhabi Development” signs a tourism investment agreement in Thailand worth...

The Abu Dhabi Fund for Development and Minor International “Mint” signed an investment agreement in the tourism and hospitality sector worth 385 million dirhams (104.8 million dollars) to invest in Thailand

The fund cooperates with Mint with stakes in five tourist sites in Thailand, including Anantara Riverside Resort Bangkok, Avani Riverside Bangkok Hotel, Riverside Plaza Shopping Mall in Bangkok, Anantara Layan Phuket Resort and Four Seasons Resort Koh Samui.

This agreement represents the first investment of the Abu Dhabi Fund for Development in Tourism and hospitality sector in ThailandAccording to the Emirates News Agency, WAM.

This sector is considered a mainstay in the growth of the Thai economy, and contributes to 20% of the country’s GDP.

The percentage of the Abu Dhabi Fund for Development’s contribution to these destinations is 40% within this joint investment, and the contribution of “Mint” company is 60%, which reflects the distinguished performance of the “Mint” company in managing tourist destinations, in addition to the Fund’s positive vision for the future of the economy in the tourism sector. and hospitality in Thailand.

Mint is one of the largest companies operating in the tourism and hospitality sector in the Asia Pacific region, managing more than 520 hotels and resorts.

For Mint, this cooperation with the Abu Dhabi Fund for Development is a very important step, given its role in strengthening the company’s balance sheet, reducing the company’s debts and improving its financial position.

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