Investment arm says it plans to open more than 200 F&B outlets and boutique hotels
BinGhatti Hospitality, the investment arm of BinGhatti Holding Group, plans to expand its global hospitality management services across the GCC and the Middle East.
The Dubai-based company, which established three new brands in the local F&B sector last year, said it plans to open more than 200 branches with an investment value exceeding AED500 million ($136 million) over three years.
The company said in a statement that it succeeded in attracting new brands to its portfolio, including Kabbakhwa, Agathi and Kraftastic, with plans to expand them to many Arab markets.
“We are always looking to develop and expand the various investment sectors to take advantage of the great opportunities and high value offered by the UAE environment... We plan to enter into the development and management of boutique 3 and 4 stars hotels," said Muhammad BinGhatti, CEO at Binghatti Developers.
“The local F&B sector is gaining vital economic importance and is considered one of the cornerstones of the country's strategy to support the national industries in general," he added
BinGhatti said that the company's initial operations focus on F&B, hotels, arts, facilities management, sales, marketing and e-commerce, as well as finance, revenue management, procurement, human resources and hospitality related IT services.