ADDING MULTIMEDIA Patel Family Office and AHQ Launch $1bn ‘AYARA’ Hospitality Platform to Develop 50 Hotels in Saudi Arabia
Patel Family Office, a US investment enterprise, and Abdel Hadi A. Al-Qahtani & Sons [AHQ], a Saudi industrial conglomerate, have signed a USD $1 billion deal to establish AYARA, a vertically integrated hospitality platform that will develop a network of 50 international brand-name business hotels across Saudi Arabia by 2029.
