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Tag Archives: Basma Group

New Anantara Sharjah Resort planned for 2020

Sharjah’s Basma Group and property developer ARADA have signed a management agreement with luxury hospitality group Minor Hotels to launch an Anantara Sharjah Resort, scheduled to open in mid-2020. The new Sharjah property is one four Anantara-branded resorts planned for the UAE. International hotel owner-operator Minor Hotels currently has 157 hotels in operation across Africa, Asia and the Middle East. ...

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New residential property developer formed

KBW Investments (KBW) and Sharjah’s Basma Group (Basma) have announced the formation of ARADA, a new property developer to be focused on mid-market residential properties. ARADA is the third company established by the two partners over the past year, following the formation of construction ventures Klampfer Middle East LLC and Arcadia Middle East LLC in April 2016, both headquartered in ...

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Basma Group awards AED 120m Novotel Sharjah Expo construction contract

Basma Group Sharjah has awarded the AED 120 million (US$ 32.7m) construction contract for the Novotel Sharjah Expo to Klampfer Middle East LLC, a joint venture between Basma Group and KBW Investments. The new 4-star hotel will be located adjacent to the international exhibition and conference centre in Sharjah city’s central business district. The Gulf region’s meetings, incentives, conferences and ...

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Two new construction joint-ventures formed

KBW Investments and Basma Group Sharjah have formed two construction UAE joint-ventures in Sharjah, Klampfer Middle East LLC and Arcadia Middle East LLC. The agreements were signed in Sharjah this week by HRH Prince Khaled bin Alwaleed bin Talal, Chairman, KBW Investments, and Sheikh Sultan bin Ahmed Al Qasimi, Chairman, Basma Group Sharjah. The creation of Klampfer Middle East LLC ...

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New US$100m Sharjah luxury resort planned

A new US$100 million (AED 367m) art and culture themed 5-star luxury beachfront hotel and resort, the Majlis Grand Mercure Sharjah, is to be built on Sharjah’s corniche and managed by global hotel operator Accor. The new development was announced this week by H.E. Sheikh Sultan bin Ahmed Al Qasimi, chairman of Basma Group Sharjah and H.R.H. Prince Khaled bin ...

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