Emirates Stallions Group (ESG), a subsidiary of International Holding Company (IHC), has announced a joint venture to build a hotel in central Khartoum in partnership with DAL Group, the largest private sector conglomerate in Sudan.
The project will see ESG develop a 16-floor hotel and residences, which will comprise of 300 hotel and apartment keys, within the Al Mogran Development.
Matar Suhail Al Yabhouni Al Dhaheri, chairman of ESG, said: “This is an exciting project that is going to serve as a cornerstone asset for growing and enhancing the group’s exposure to unserved promising markets in the region.
“We have excellent credentials and experience in developing hotels, and while this is our first hospitality development in Sudan, we have completed similar projects in Africa and Europe over the years.”
Osama Daoud Abdellatif, chairman, DAL Group, added: “We are continuing to grow our partnership with IHC and its subsidiaries, expanding across different verticals. In this instance, we wanted to collaborate with a hospitality development company that had deep expertise in building hotels in emerging markets.”
The AED240 million ($65 million) hotel is a main part of the mixed-use development that also consists of recreational areas, retail, entertainment, restaurants, and cafes.
The hotel itself will have three restaurants, conference and meeting rooms, a fitness center and an outdoor swimming pool located on the rooftop.
Launched in 2005, Al Mogran Development will cover an area of over 7 million square metres and will cost more than $4 billion, making it the most ambitious real estate scheme ever undertaken in the country, with plots for 44 commercial towers, 18 hotels and 700 apartments.
Phase 2 will be residential and cover an area of more than 6 million square meters, including 650 villas, more than 7,000 apartments, an 18-hole golf course and more than 70,000 square meters of retail space.
Established in 2008, Emirates Stallions Group, which is present in 20 markets, had assets of AED555 million as of the end of the first half of 2021 and over 3, 000 employees.
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