
IFA Hotels & Resorts is launching one of the largest projects on The Palm Jumeirah’s Crescent. The Kingdom of Sheba will cover141,500 sq. metres, adjacent to the Atlantis development. The resort will be managed by Fairmont Hotels & Resorts and will consist of five separate and unique elements, each strongly influenced by classic Arab architecture: Residences, Hotel, Private Residence Club, Vacation Club and a Souq (Retail Plaza). The combined value of the resort is in excess of US$1 billion and will be completed by mid 2010. The appointment reinforces Fairmont as one of the leading luxury operators within the region and further strengthens the relationship between the two companies, which have partnered on developments in South Africa and Kenya in addition to the projects in Dubai.
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