Emirates Stallions Group (ESG), a global investment, engineering, and construction services company launched its hospitality business arm, ESG Hospitality, on Sunday.

 

ESG is a prominent business unit of the International Holding Company (IHC), the global diversified Abu Dhabi-based conglomerate.

 

This strategic expansion underscores ESG’s commitment to business growth, positive investor impact, and its ambition to further cement its position in the hospitality sector, the company said.

 

With the vision to emerge as a frontrunner and influential player in both the regional and global hospitality arena, ESG is poised to leverage the UAE, its home base, as the launchpad for its most luxurious and prestigious projects. 

 

The company’s 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, it said.

 

Matar Suhail Ali Al Yabhouni Aldhaheri, Chairman of ESG, stated: “The 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 region’s potential, particularly in the UAE where the hospitality market is among the richest in the world.”

 

The UAE’s hospitality market, recognised as one of the most affluent globally, is poised for a 25% growth by 2030, with an anticipation of welcoming 40 million hotel guests by 2031. Amid this dynamic growth, ESG’s 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 projects in Mexico, Morocco, Greece, Serbia, Belarus, Mauritius, Kazakhstan and the UAE with a total value exceeding AED3.67 billion ($1 billion).

 

Kayed Khorma, CEO of ESG, commented: "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.”

 

With its diversified portfolio in Investment, Construction, and Real Estate sectors, ESG has consistently delivered exceptional products and services across more than 20 countries.  - TradeArabia News Service