Industry: Travel & Hospitality
Company: Al Hokair Group
Country: Saudi Arabia
Wealth: 1.8 Billion
Al Hokair Group’s name is synonymous with leisure and entertainment in the Kingdom of Saudi Arabia. The group’s pioneering founder and chairman, Abdul Mohsen Al Hokair, was one of the earliest investors in the entertainment business in the Kingdom, with the firm’s roots going back to 1965.
In the last four decades, Al Hokair Group has built on its success with expansion into new fields and a dynamic growth in the scale of its business activities. Today, it counts over 6,000 employees and plays a leading role in entertainment, leisure and tourism.
The group’s portfolio of interests include more than 70 amusement and theme parks, a number of international restaurant franchises as well as the largest chain of hotels and recreational cities in the Middle East.
Back in 1965 Al Hokair founded the Group for Tourism and Development with the launch of a small park in the Malaz district of Riyadh. Since then he has consistently taken the group to new heights, expanding geographically as well as in terms of the scale and profile of projects involved. He was one of the earliest investors in the field of tourism, and as such played a pioneering role in the nation’s tourism industry.
Today, as the group head, he is the undisputed leader of the recreation and tourism industry in the Kingdom.
Over the years, Al Hokair has acquired a range of tourism and leisure-related certification, while cultivating extensive know-how in the fields of trading and industry. His business expertise is often called on, and he has presented a number of white papers at exhibitions and conferences specialised in tourism and leisure.
In addition to his position as group head, he is also a board member of many local and international companies and organisations in both the tourism and industrial fields. Recognition of his achievements has come from the highest levels with the Italian government awarding him a medal of merit and the international hotel chain Golden Tulip giving him the honoured title of ‘the Sheikh of Gulf Tourism’.