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Al Ghurair opens two new Rotana hotels in Dubai

Company's new CEO also undertakes review of group businesses

NEWS, Business, Al Ghurair, Deira, Hotel projects, Rotana

Both of the hotels - Al Ghiurar Arjaan by Rotana and Al Ghurair Reyhaan by Rotana - are attached to the company's Al Ghurair Centre in Deira, which is one of the oldest shopping malls in Dubai.

The company has also appointed a new group CEO, Constantin Salameh, who told Gulf News that a review of the divergent businesses within the group was being undertaken to identify core and non-core activities.

The family-owned company has interests in construction, real estate, retail, food, printing and a variety of other businesses.

Non-core businesses could be handed over to new partners to be run, or sold off.

“Today we have more than 30 different operating countries, are we going to be leaders in all these 30 companies? Probably not," he told the newspaper.

He also said the company was looking to strengthen its corporate governance procedures, with each unit reporting separately to a board.

“It is critical that we run this organisation exactly the same way as we run a publicly quoted company,” he said.

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Construction Week - Issue 751
Oct 13, 2019