“Smart investors should enter the (hotel) market now to gain bigger yields.”
-Hurriyah El Islamy, executive board member of Indonesia’s Haj Fund Management Agency which has more than $10 billion in funds and is considering investments either in Saudi hotel equity or in rooms. It expects minimum returns of approximately 8%, rising to as high as 20%, and is targeting either Makkah, Jeddah or Madinah. [Salaam Gateway]
