By Rahul Odedra
Dubai-based hospitality giant looking at Saudi Arabia, Qatar and Bahrain for new properties
Dubai-based hotelier Jumeirah Group is looking to expand its footprint across the GCC, with the company currently exploring opportunities in Saudi Arabia, Qatar and Bahrain.
In its financial statements for the first half of 2014, parent company Dubai Holding highlighted recent developments for Jumeirah Group and where future growth may come.
“As part of the Group’s international expansion plans, Jumeirah is currently studying opportunities abroad in Mecca, Madina, Riyadh, Jeddah and Khobar in Saudi Arabia as well as in Qatar and Bahrain,” it said.
“Jumeirah has recently opened a hotel in Kuwait. Hotels in Oman, China and Bali are scheduled to open soon.”
During the first half of 2014, Jumeirah Group expanded its international portfolio and signed an agreement to operate a luxury resort currently being developed in Mauritius and set to open in 2018.
It also signed an agreement to operate 169 luxury serviced residences, in addition to the 207-room luxury Jumeirah Guangzhou Hotel, which is already nearing completion.
The company recently opened a hotel in Kuwait and further properites in Oman, China and Bali are scheduled to open soon.
In recent months, it also received approval from His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai, for the fifth phase of the Jumeirah Beach Resort expansion plans, which is valued AED 1.5 billion (US $408 million) and expected to be completed by 2018.
This will see the addition of an ultra-luxury resort with 350 rooms and the extensive expansion of the existing yacht marina, doubling its current capacity.For all the latest travel news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.