By Antonio Dey
The sod was turned yesterday for a US$300 million resort and convention centre, at Carifesta Avenue, an initiative of a Qatari company, Assets Group.
President of Power International Holding Ramez Al-Khayyat who disclosed this ballpark figure to Stabroek News yesterday during a sideline interview said that Assets Group was the sole investor in the landmark Georgetown seafront convention centre. He said that due to the conducive business climate here, Assets Group was motivated to invest in a project which would be beneficial to citizens.
This newspaper understands that Al-Khayyat is also among the principals of Assets Group, a real estate development company owning a diverse portfolio of properties, hotels and resorts. Power International Holding is a Qatari-based conglomerate which operates general contracting, real estate, food and agriculture, hospitality, and services.
