Saudi company to build five-star hotel in Accra

Air Harbor Technologies of Saudi Arabia will build a $200 million five-star hotel in Accra, the capital of Ghana, the pan-African news agency PANA reported.

The 340-room Palace Hotel Complex will also have a 385-condominium apartment block. Work will begin in June 2000, part of a joint venture between the Saudi company and the government of Ghana.

The project is expected to be undertaken in two phases and would be completed within 30 months.

Air Harbor, led by its Executive Chairman, Hani Yamani, is providing 100% of the cost, while government contributed the land and other initial logistics.