Emirates Stallions Group, the global investment, engineering, and construction services company, has launched its hospitality business arm, ESG Hospitality.
This strategic expansion underscores ESG’s commitment to business growth, positive investor impact, and its ambition to further cement its position in the hospitality sector.
According to the statement, “The move not only underscores the group’s commitment to excellence and innovation but also promises to be a pivotal chapter in its ongoing growth trajectory, one where the group not only taps into the thriving hospitality market but also aims to redefine industry standards, ensuring they continue to deliver unparalleled value to their stakeholders and the broader community.”
The UAE’s hospitality market, recognized as one of the most affluent globally, is poised for a 25 percent growth by 2030, with the anticipation of welcoming 40 million hotel guests by 2031.
Mr. Matar Suhail Ali Al Yabhouni Aldhaheri, Chairman of ESG, stated that, “The introduction of ESG Hospitality is a strategic move aligned with our broader vision to tap into the burgeoning global hospitality market. The Middle East contributes 5 percent to the global GDP from tourism, showcasing the region’s potential, particularly in the UAE where the hospitality market is among the richest in the world.”
Mr. Kayed Khorma, CEO of ESG, commented that,” We are continuing to expand our capabilities and influence across various business verticals, both regionally and globally. This expansion enables the company to achieve more growth and deliver added value to our shareholders. We are also maintaining a strong position of interest among external investors, thanks to our outstanding results in the first half of this year.”
“The UAE is one of the world’s fastest-growing economies and live entertainment markets, hosting major global events. We are eagerly looking forward to launching the first international luxury project under ESG Hospitality in Dubai, by year-end,” Mr. Khorma added.
Thank you very much for choosing GCC Business News to be an important part of your professional life. You will receive a confirmation e-mail. Please check SPAM or UPDATES folder
