Latest news with #FettahTamince
Bloomberg
5 days ago
- Business
- Bloomberg
Rixos Hotels Bets on Gulf Boom With $3 Billion Qatar Project
The Turkish owner of the Rixos Hotels is expanding beyond Europe and Central Asia to bet big on the Gulf with a $3 billion investment in Qatar's capital. The firm will build hotels, an amusement park as well as some residential and retail properties on beach-front land north of Doha, Chairman Fettah Tamince said in an interview. They will be part of Qatar's mammoth Simaisma tourism development and the investments will be made over the next three to four years.
Al Bawaba
23-04-2025
- Business
- Al Bawaba
Rixos Founder and Chairman Visits Baghdad
In a significant gesture reflecting Rixos' growing interest in the Iraqi market, Mr. Fettah Tamince, Founder and Chairman of the prestigious global hospitality Rixos Brand, arrived in Baghdad on Thursday, April 17, 2025. His visit marks a milestone in the city's growth plan, driven by the objective of becoming a leading worldwide tourist destination. Mr. Tamince inspected progress at the landmark Rixos Baghdad Hotel & Residences, a high-profile development by Estithmar Holding, a Qatari Listed company, in the heart of the Green Zone. Set to become the first Rixos-branded five-star destination in the Iraqi capital, this unique project reflects Baghdad's rebirth as a cultural and economic gateway to the world. The visit coincides with accelerated development efforts by both public and private sectors in Iraq, aimed at modernising infrastructure and attracting investment. As part of Rixos broader global expansion strategy, the Baghdad project joins an impressive portfolio of iconic properties in Istanbul, Antalya, Dubai, Jeddah, Montenegro, and Sharm El Sheikh. Rixos' entry into Iraq signals a long-term commitment to tapping into new, high-potential markets and places Baghdad firmly on the global tourism radar. Estithmar Holding – a leading Qatari listed Company – is developing this project through its subsidiary 'Estithmar Properties' in Iraq. This initiative is expected to drive substantial impact across Iraq's construction, supply, and service sectors, creating valuable job opportunities for Iraqi professionals during both the construction and operational phases. Its long-term contribution includes supporting the evolution of Iraq's tourism infrastructure and promoting local expertise with tangible and positive impact on the national economy. Poised to open soon, Rixos Baghdad Hotel & Residences promises to deliver a unique blend of authentic Iraqi culture and international luxury. With its meticulous attention to detail and unwavering commitment to excellence, the development is expected to transform the hospitality scene in Iraq, offering residents and visitors an experience that reflects Baghdad's rich heritage and promising future. Rixos Baghdad project includes 322 refined hotel rooms,159 upscale residences, 9 exceptional hotel villas, 6 signature restaurants, a world-class wellness centre, and dedicated facilities for padel and tennis. This unparalleled offering will redefine the standard of living in Baghdad, introducing a new chapter in the city's journey toward modernity, prestige, and global acclaim.
Zawya
23-04-2025
- Business
- Zawya
Rixos founder and Chairman visits Baghdad
Dubai, UAE - In a significant gesture reflecting Rixos' growing interest in the Iraqi market, Mr. Fettah Tamince, Founder and Chairman of the prestigious global hospitality Rixos Brand, arrived in Baghdad on Thursday, April 17, 2025. His visit marks a milestone in the city's growth plan, driven by the objective of becoming a leading worldwide tourist destination. Mr. Tamince inspected progress at the landmark Rixos Baghdad Hotel & Residences, a high-profile development by Estithmar Holding, a Qatari Listed company, in the heart of the Green Zone. Set to become the first Rixos-branded five-star destination in the Iraqi capital, this unique project reflects Baghdad's rebirth as a cultural and economic gateway to the world. The visit coincides with accelerated development efforts by both public and private sectors in Iraq, aimed at modernising infrastructure and attracting investment. As part of Rixos broader global expansion strategy, the Baghdad project joins an impressive portfolio of iconic properties in Istanbul, Antalya, Dubai, Jeddah, Montenegro, and Sharm El Sheikh. Rixos' entry into Iraq signals a long-term commitment to tapping into new, high-potential markets and places Baghdad firmly on the global tourism radar. Estithmar Holding – a leading Qatari listed Company – is developing this project through its subsidiary 'Estithmar Properties' in Iraq. This initiative is expected to drive substantial impact across Iraq's construction, supply, and service sectors, creating valuable job opportunities for Iraqi professionals during both the construction and operational phases. Its long-term contribution includes supporting the evolution of Iraq's tourism infrastructure and promoting local expertise with tangible and positive impact on the national economy. Poised to open soon, Rixos Baghdad Hotel & Residences promises to deliver a unique blend of authentic Iraqi culture and international luxury. With its meticulous attention to detail and unwavering commitment to excellence, the development is expected to transform the hospitality scene in Iraq, offering residents and visitors an experience that reflects Baghdad's rich heritage and promising future. Rixos Baghdad project includes 322 refined hotel rooms,159 upscale residences, 9 exceptional hotel villas, 6 signature restaurants, a world-class wellness centre, and dedicated facilities for padel and tennis. This unparalleled offering will redefine the standard of living in Baghdad, introducing a new chapter in the city's journey toward modernity, prestige, and global acclaim. Media Contact Ali Ozbay, Vice President of Marketing & Communications ABOUT RIXOS HOTELS Established in 2000, Rixos is one of the world's fastest-growing luxury hotel chains specialising in luxurious all-inclusive holidays. At the heart of every Rixos Hotel is a revitalising wellness spa with an authentic Turkish Hammam, renowned for its unique selection of spa rituals, revolutionary entertainment programme, one-of-a-kind children's edutainment programme at Rixy Kids Club and action-packed challenges at Exclusive Sports Club. Each hotel offers a distinctive variety of restaurants and bars, an exciting entertainment and sports schedule, and a diverse range of lavishly appointed rooms and suites. Each Rixos hotel in Turkey, the UAE, Russia, Croatia, Egypt, Kazakhstan, Qatar and Saudi Arabia is a genuinely inspiring location due to its best-in-class facilities, dining options and entertainment venues. The award-winning Rixos Hotels have received global recognition from distinguished professional bodies, including the American Five Star Diamond Award, Conde Nast, World Travel Awards, Haute Grandeur Global Awards and TripAdvisor. Rixos Hotels is part of Ennismore, a creative hospitality company rooted in culture and community, with a global collective of entrepreneurial and founder-built brands with purpose at their heart. Formed in 2021, Ennismore is a joint venture with Accor, which holds a majority shareholding. ABOUT ESTITHMAR HOLDING Estithmar Holding is a leading Qatari public listed company with a diverse portfolio of 83 companies across healthcare, services, ventures, and specialized contracting. A key driver of Qatar's economic diversification, the company is committed to sustainable growth. With world-class governance and operational excellence, Estithmar Holding operates with agility and efficiency, backed by a 28,000-strong workforce from 100 nationalities in 8 countries. Its customer-centric, multicultural approach fuels innovation, adaptability, and strategic partnerships.
Iraqi News
19-04-2025
- Business
- Iraqi News
Rixos Group Adds Baghdad to Its List of Global Tourist Cities
Baghdad – INA The global Rixos Group announced on Saturday that it has added Baghdad to its list of global tourism destinations. In a statement received by the Iraqi News Agency (INA), the group said it has taken a strategic step that reflects its interest in the Iraqi market and aims to strengthen Baghdad's presence on the global tourism map. According to the statement, Rixos founder and chairman Fettah Tamince visited Baghdad to review progress on the 'Rixos Baghdad' complex, which includes a hotel and residential apartments. The project is one of the key developments by Estithmar Holding – Iraq and is located in the heart of the Green Zone. It will be the first five-star hotel in the capital built to Rixos international standards. The group noted that the visit coincides with accelerating plans from both public and private sectors to develop Baghdad and invest in infrastructure across Iraq. The project is also a core part of Rixos' strategy to expand into new and promising markets. Rixos stated that the Baghdad project is a valuable addition to its global portfolio, alongside other major destinations such as Istanbul, Antalya, Dubai, Jeddah, Montenegro, and Sharm El-Sheikh. Estithmar Holding is overseeing the project's implementation, which is expected to generate direct economic benefits by supporting construction, supply, and service sectors, as well as creating job opportunities for Iraqi professionals during both the construction and operational phases. In the long term, the project will contribute to tourism infrastructure and support the national economy. The upcoming Rixos Baghdad is expected to combine Iraqi authenticity with international hospitality, following the high standards of the Rixos brand. It aims to provide high-quality experiences for both residents of Baghdad and visitors from around the world, and could become a turning point in Iraq's tourism and hospitality landscape. The project will include 322 hotel rooms, 159 luxury apartments, 9 villas, 6 international restaurants, a global-standard wellness club, and facilities for paddle and tennis. Rixos described the project as a unique addition to Baghdad's hospitality scene and a step toward enhancing the city's lifestyle offerings. On April 17, 2025, Prime Minister Mohammed Shia al-Sudani received Rixos Chairman Fettah Tamince and stated that the ongoing development and reconstruction efforts in Iraq have created many investment opportunities.
Shafaq News
17-04-2025
- Business
- Shafaq News
Iraq seeks boost in tourism investment: Rixos Hotels in focus
Shafaq News/ Iraqi Prime Minister Mohammed Shia al-Sudani met, on Thursday, with Rixos Hotels Group Chairman Fettah Tamince to discuss boosting foreign investment in the country's tourism and hospitality industries. According to a statement from the PM's office, Al-Sudani emphasized Iraq's push to position itself as a viable destination for international investors, highlighting ongoing development, regulatory reforms, and upgraded infrastructure—particularly in Baghdad and other provinces—as the foundation for large-scale tourism initiatives. He also highlighted Iraq's 'rich array of archaeological sites, religious landmarks, and cultural assets,' describing the country as an emerging hub with strong potential for global tourism. Tamince, in turn, briefed the PM on Rixos Hotels' presence in Iraq and its operations across 22 countries. He noted growing interest from international hospitality firms, calling Iraq an increasingly attractive market for expansion.
