Ghassan Aboud to Sky News Australia: This is only the beginning of big projects to come
Date: 2016-10-23 12:07
Sky News Australia has aired a report on Syrian businessman Ghassan Aboud highlighting the projects of GA Group Australia in the country.
The report sheds light on the major re-development plans GA Group Australia will undertake in addition to investing 200 million dollars over the next few years.
According to the report, initial calculations predict by 2022 Mr Aboud’s investments will be exhibiting $ 4.3 billion dollars worth of revenue.
Here is the text of the report published on Sky News Australia’s website:
A Syrian businessman has arrived in Far North Queensland with plans to invest 200 million dollars over the next few years.
His company, GA Group Australia, will build a 200-room hotel in Cairns and undertake a major re-development of the Rydges resort.
Ghassan Aboud is an Entrepreneur, Philanthropist and founding member of the Syrian Business Council and now has his sights set on Far North Queensland.
’I see an opportunity in Cairns and this is the way we can start to build and be known as a big group and we see the future starts from here....this is the time to start a revolution in the tourism industry,’ Mr Aboud said.
He bought the Rydges Tradewinds Resort in the city for 34 million dollars in March this year and also purchased the adjacent property.
His company, GA Group Australia, plans to merge the two blocks as part of a major re-development that will include 300-five-star rooms.
Tourism Tropical North Queensland CEO Alex de Waal said this is the perfect opportunity to meet the growing tourism demands in the city.
’Based on current demand by 2019 there is going to be a shortage of rooms and Mr Ghassad will provide for that,’ Mr de Waal said.
Development at the Rydges has already begun, but Aboud’s latest purchase was a 4000 sq m block, with plans to build another 200-room resort at the site.
According to the latest figures, North Queensland is the nation’s leader in tourism growth with more than 2 million visitors per year.
Initial calculations predict by 2022 Aboud’s investments will be exhibiting $ 4.3 billion dollars worth of revenue.