A 300-room Shariah-compliant five-star hotel with a total investment of Dh350 million is being planned for Fujairah by the Al Awadhi Investment group.
Sharif Al Awadhi, the group's chief executive, said his two-year-old company wanted to benefit from the opportunities offered by Fujairah as a destination that attracts both foreign and domestic tourists.
The company, which is mainly involved in the real estate and industrial sectors of Fujairah and Dubai, is in talks with a European hotel management company, Al Awadhi said.
He said a search was under way for a suitable site for the hotel along the Fujairah coast, which stretches 70km along the Arabian Sea.
He said work on the hotel, whose name he did not disclose, would start early next year, and the property would be a unique, "setting new standards for the Fujairah hospitality industry". The Al Awadhi Investment group was set up with a capital of around Dh300m. As well as interests in the real estate sector of Fujairah, Dubai and Ajman, it also has a number of investments in the industrial and financial sectors.