€300 Million Investment in Waterford
There’s nothing like a good news story and this Investment in Waterford is a great news story. Writting in this mornings edition of the Waterford News & Star Darren Skelton reports Saudi Arabian investment group, Al Hokair, will be investing in the region of €300 million in Waterford.
This investment will ensure that the Michael Street Shopping Complex will start later this year in 2017 and the development of the North Quays (where the flour mills used to be) soon after.
According to the Waterford News & Star, talks were ongoing over the past 6 months to come up with a comprehensive plan for the development of the North Quays between Al Hokair and Waterford City and County Council.
The plans for the North Quays have not been announced yet but it is thought that a major announcement will happen in the coming months. According to the Al Hokair website, Al Hokair is one of the leading groups of companies in the Kingdom of Saudi Arabia focusing on retail and real estate business sectors. Their vision is to maintain and build long-lasting relations with their international and local partners.
A local company Fewer Harrington & Partners brought Al Hokair and Waterford City Council together and it seems that this partnership will ensure the growth of Waterford.
This is indeed one of the biggest investments in Waterford in a long while and it is a vote of confidence for Waterford. We would hope that his highly visible investment will attract further investment into Waterford and reinforce Waterford’s position as capital of the South East.
Full story in this weeks Waterford News & Star available at your news agent today.