An agreement to build the Novotel Sharjah Expo was signed between Sheikh Sultan bin Ahmed Al Qasimi, Chairman, Basma Group, and Günther Hinterberger, Managing Director, Klampfer Middle East, in the presence of Sheikh Ahmed bin Sultan Al Qasimi, Deputy Ruler of Sharjah. Klampfer Middle East is a KBW Investments portfolio company, founded by Chairman Prince Khaled bin Alwaleed bin Talal.
To be located in Sharjah’s business district, the hotel is a AED120 million project and will be managed by Accor Hotel Services Middle East.