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.
These were the details of the news “Abu Dhabi Development” signs a tourism investment agreement in Thailand worth... for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.
It is also worth noting that the original news has been published and is available at saudi24news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.