Abu Dhabi – Mubasher: Emirates Stallions Group (ESG) has launched its hospitality business arm ESG Hospitality, according to a recent press release.
This strategic expansion aligns with the group's objectives to drive business growth, secure positive investor impact, and further cement its position in the hospitality sector.
The company also plans to carry out a significant hospitality project in the UAE before the end of 2023.
Matar Suhail Ali Al Yabhouni Aldhaheri, Chairman of Emirates Stallions, stated: “The introduction of ESG Hospitality is a strategic move aligned with our broader vision to tap into the burgeoning global hospitality market.”
The UAE’s hospitality market is poised for a 25% growth by 2030, with an anticipation of welcoming 40 million hotel guests by 2031.
Emirates Stallions witnessed a track record in delivering destinations, such as Mexico, Morocco, Greece, Serbia, Belarus, Mauritius, Kazakhstan, and the UAE with a total value exceeding AED 3.67 billion ($1 billion).
Kayed Khorma, CEO of Emirates Stallions, commented: “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.”
This UAE’s ambitious Tourism Strategy 2031 envisions bolstering the sector’s contribution to the gross domestic product (GDP)to a staggering AED 450 billion.
“We are eagerly looking forward to launching the first international luxury project under ESG Hospitality in Dubai, by year-end,” Khorma added.
Last June, the UAE-based group and Q Holding developed a joint venture (JV) project at a total value of AED 320 million.
