Al Hokair Group (Saudi) takeaways – Tough 2016 ahead, but cost-cutting measures being taken
- Hotels in Riyadh were the most hit (15-20% drop in occupancy rate, 10% in ARR), followed by the Eastern Province (given the concentration of petrochemical companies), but the West was resilient - 2016 will be a challenging year: i) SIBOR has more tha
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