According to Knight Frank's "The Wealth Report 2023" resorts outperformed.
The Contractor, in addition to the monthly rent, will have to engage in renovation works at his own expense of at least €10,300,000.
The transfer of the shares will take place upon completion of the development of the office complex.
Concerns about the resilience of the office building industry have grown since the start of the pandemic.
Despite an unstable economic climate, the decision-makers in the real estate sector maintain their confidence in the regional centres.
As part of the agreement, Novotel Bahrain Al Dana Resort, a luxury 4-star beachside hotel in Manama, will be provided with a series of electronic payment services including state-of-the-art Point-of-Sale (POS) Terminals.