TBK International, the development arm of Tabarak Holding in the Gulf, has partnered with Minor Hotels, a global leader in the hospitality industry, to launch the Oaks Riyadh project in Saudi Arabia.
This marks the Oaks brand’s debut in the Kingdom, signaling a significant expansion into the Saudi market for both companies.
The TBK International-Minor Hotels agreement also outlines plans for the development of new projects under the NH Collection brand in key locations across Egypt, in collaboration with TBK Developments, Tabarak Holding’s development arm in Egypt.
This expansion will further strengthen the presence of both TBK International and Minor Hotels in the regional hospitality sector.
Located in the heart of the Saudi capital, the ‘Oaks Riyadh Suites’ project features 146 premium residential units carefully designed to provide the highest levels of comfort for long-term stays.
The project includes a full range of modern lifestyle amenities and services, including a swimming pool, health club, fitness center, and dedicated retail, recreation, and entertainment spaces.
The project is being delivered on a fast-track development timeline, with the first phase scheduled to open in early 2026, following the completion of development works in line with the highest global hospitality standards. This initiative aligns with Saudi Vision 2030, reinforcing a shared commitment to world-class hospitality services and achieving sustainable development.
TBK International-Minor Hotels Partnership for Regional Expansion
Ali Al Shorbany Chairman Tabarak Holding
“This TBK International-Minor Hotels collaboration represents a strategic step that strengthens the presence of Tabarak Holding in one of the fastest-growing hospitality markets in the region. The introduction of the Oaks brand to Saudi Arabia and the launch of new NH Collection projects in Egypt through TBK Developments reflect our shared vision to develop world-class hospitality products that elevate guest experience and meet the evolving aspirations of our markets across the Gulf and Egypt. We remain committed to expanding our portfolio through value-driven developments, in partnership with global leaders capable of creating meaningful impact across the tourism and real estate sectors.”
Dillip Rajakarier, CEO of Minor Hotels and CEO of Minor International, commented that, “We are delighted to announce the signing of Oaks Riyadh in partnership with TBK International, reinforcing our long-term commitment to Saudi Arabia’s fast-evolving tourism and real estate sector. This project represents an exciting opportunity to extend the Oaks brand into a key regional market and further support the Kingdom’s ambitions for growth and diversification.”
NH Collection Brand Expands to Egypt
Under this agreement, Minor Hotels and Tabarak Holding will introduce the NH Collection brand to Egypt through new projects already in the planning phase, scheduled to open in 2029. These projects aim to provide an exceptional hospitality experience that combines contemporary design, premium comfort, and the refined European elegance associated with the NH Collection brand, enhancing Egypt’s appeal as a destination for tourism and business. The developments form part of Minor Hotels’ strategic expansion plan in the Middle East and Africa.
