Swiss International forms a new entity, called “Swiss International Middle East” after an agreement with Al Shiha Holdings. The two entered into a Joint Venture and a Development/Representation contract and as a result the new entity will operate hotels in the Middle East region including all GCC countries, Iraq and Jordan.
The Management team of the new Company will be under the leadership of Mr. Naji Al Shiha as the CEO. The team will be complimented by Mohammed Al Shiha as CFO, Mr. Jamal Abd Saih Hamed as Head of Business Development and Mr. Ghazi Ghorayeb as the COO
Under the terms of the agreement, the following hotels will be operated by Swiss International Middle East:
• Swiss International Dammam – 121 rooms
• Swiss International Al Baha – 62 rooms
• Swiss Spirit Hotel & Suites Rimal – 62 rooms
• Swiss Spirit Hotel & Suites Turaif – 55 rooms
In addition, the Group expects further announcements for Riyad, Jeddah, Mekkah and Dammam in the KSA and Dubai in the UAE.
Photo shows from left to right: Henri Kennedie (Chairman & CEO), Maji Al Shiha (CEO Middle East), Jamal Al Hamed (CSO Middle East) and Ghazi Ghorayeb (COO Middle East)