Thailand's Centara Group signs JV with Nakheel to invest $136m in Dubai

Image from Nakheel's website.

Thailand based hotel group Centara Hotels and Resorts has signed a JV with UAE master developer Nakheel to build a $136-million beachfront resort in Dubai.

According to TradeArabia News Service, this is Nakheel’s second international joint venture on Deira Islands after it announced the joint venture with Spain’s RIU Hotels & Resorts in February last year to set up a waterpark resort with the investment of Dh900 million ($245 million).

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