IFA Hotels & Resorts, a wholly owned subsidiary of Kuwait's International Financial Advisors, has announced $250 million freehold residence project as part of a $1 billion investment plan on The Palm, Jumeirah.
IFA, jointly with Kingdom Hotel Investment (KHI) and Fairmont, is also investing $200 million in Fairmont Palm Hotel, making a total investment of $450 million in IFA's Fairmont Hotel & Resort project.