Emirates Stallions Group, a subsidiary of International Holding Company (IHC), a prominent business unit of the IHC, a global diversified Abu Dhabi-based conglomerate recently announced the launch of its hospitality business arm, ESG Hospitality.
Industry sources added that this strategic expansion showcases ESGโs commitment to business growth, positive investor impact, and its ambition to further cement its position in the hospitality sector.
A Bold Move and New Era In Hospitality Arena
Industry sources added that with the visionary approach of emerging as a frontrunner and influential player in both the regional and global hospitality arena, ESG is all set to leverage the UAE, its home base, as the launchpad for its most luxurious and prestigious projects.ย
In fact, the firm ambitious plans include unveiling a significant hospitality project in the UAE before the close of the year, further showcasing its commitment to innovation and excellence in the sector.
Flourishing UAE’s Hospitality Market
Industry sources confirmed that the UAEโs hospitality market, recognized as one of the most affluent globally, is all set for a 25% growth by 2030, with an anticipation of welcoming 40 million hotel guests by 2031. Amidst this dynamic growth, ESGโs decision to expand its hospitality wing comes at an opportune time.
The company has consistently been approached to augment its market presence, given its successful track record in delivering destinations like Mexico, Morocco, Greece, Serbia, Belarus, Mauritius, Kazakhstan, and the UAE with a total value exceedingย AED 3.67 billion (USD 1 billion).
Inclusion of Diversified Portfolios
With its diversified portfolio in the Investment, Construction, and Real Estate sectors, ESG has consistently delivered exceptional products and services across more than 20 countries.
This strategic leap into hospitality aims to further ESGโs vision of building a resilient future, aligning with the UAEโs ambitious Tourism Strategy 2031.
This strategy envisions elevating the tourism sectorโs contribution to the GDP to a staggering AED 450 billion, reinforcing the UAEโs stature as a global tourism epicenter.
Expert Views Corner From ESG Panel
Matar Suhail Ali Al Yabhouni Aldhaheri, Chairman of ESG,ย stated, โThe introduction of ESG Hospitality is a strategic move aligned with our broader vision to tap into the burgeoning global hospitality market. the Middle East contributes a significant 5% to the global GDP from tourism, showcasing the regionโs potential, particularly in the UAE where the hospitality market is among the richest in the world.โ
From his endย Kayed Khorma, CEO of ESG, commented,โ 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. We are also maintaining a strong position of interest among external investors, thanks to our outstanding results in the first half of this year.โ
โThe UAE is one of the world’s fastest-growing economies and live entertainment markets, hosting major global events. We are eagerly looking forward to launching the first international luxury project under ESG Hospitality in Dubai, by year-end.โย Khorma added.
Futuristic Initiatives Ahead
The move not only underscores the groupโs commitment to excellence and innovation but also promises to be a pivotal chapter in its ongoing growth trajectory, one where the group not only taps into the thriving hospitality market but also aims to redefine industry standards, ensuring they continue to deliver unparalleled value to their stakeholders and the broader community.
