Qatari Diar to Build Five-Star Cuban Resort, Plans Three More
By Will McSheehy | Bloomberg News
6:56 AM EDT, April 28, 2008
Qatari Diar Real Estate Development Co., a unit of the Gulf state's
sovereign wealth fund, said it will spend $70 million building a
five-star resort in Cuba with the Caribbean island's government.
Qatari Diar and state-owned Gran Caribe plan to build a 200-room hotel
and 60 villas at Cayo Largo, the Arab company said in an e-mailed
statement today. They have also identified three more sites in Cuba for
future development, the statement said, without being more specific.