Hospitality Management Holding’s Strategic Expansion in Saudi Arabia
Jeddah, KSA – December 5th, 2024: Hospitality Management Holding (HMH), under the leadership of H.H. Sheikh Mohammed bin Faisal bin Sultan Al Qassimi, Chairman of Manafa LLC and HMH, has announced its ambitious expansion plans in the Kingdom of Saudi Arabia (KSA), signaling strong growth for the hospitality group.
HMH’s plans are guided by a clear strategy to support Saudi Vision 2030 by offering high-quality hospitality services that meet the changing needs of travellers. The group focuses on improving customer experiences, developing local talent, and adopting sustainable practices. By doing so, HMH aims to strengthen its position in various locations across Saudi Arabia, helping to grow the country’s tourism and hospitality sectors and supporting its economic diversification goals.
HMH’s upcoming flagship property, Corp Al Khobar Corniche Hotel, has recently opened its doors, catering to both business and leisure travellers in Al Khobar, a key destination in the Eastern Province. This milestone will be followed by the opening of Corp Makkah Al Naseem Hotel in Q1 2025, strategically located to serve the millions of visitors and pilgrims traveling to the holy city of Makkah.
In addition to these flagship properties, HMH is actively finalising multiple hotel projects across Saudi. These include two new developments in Madinah and two in Riyadh, further strengthening the group’s presence across key cities in Saudi Arabia and addressing the increasing demand for premium hospitality services.
“Our expansion in Saudi Arabia reflects our commitment to convey the Kingdom’s ambitious goals for economic diversification especially in its thriving tourism sector,” said H.H. Sheikh Mohammed bin Faisal Al Qassimi. “The Saudi government has been instrumental in fostering growth, with an initiatives dedicated to enhancing infrastructure, tourism, and hospitality, while conveying a clear vision for the future.”
As part of Vision 2030, Saudi Arabia is prioritizing its tourism sector, with the goal of welcoming 100 million visitors annually by 2030. Government initiatives, including streamlined regulations, significant investments in infrastructure, and support for private sector collaborations, are creating new opportunities for entities to invest and contribute to the nation’s transformation.
“We are proud to be part of this journey,” added H.H. Sheikh Mohammed. “Through our continued investments and strategic developments, we aim to bring innovative hospitality solutions that meet the highest international standards while reflecting the culture and values of Saudi Arabia.”
HMH’s expansion underscores its role as a key player in the region’s hospitality landscape, driven by a vision to create sustainable growth and world-class experiences for guests in Saudi Arabia and beyond.
About MANAFA LLC
Established in October 2003, MANAFA LLC is a holdings company & investment house with a significant presence in the Middle East. Since its inception, the group has made a rapid expansion in the markets where it operates. MANAFA’s extraordinary vision, outstanding business acumen, and deep-rooted understanding of corporate ethos has contributed to its exceptional growth. The company’s diverse service offerings and progressive strategies has placed it among the highly trusted and eminent organizations within the region’s various industries including real estate, hospitality, integrated marketing services, Capital Markets, FX investment activities and Private Equity.
For more information about MANAFA LLC visit http://manafa.com
About HMH
Founded in 2003 in Dubai, HMH – Hospitality Management Holding is a fully integrated hotel management company that prides itself for being the largest operator in the dry sector within the region. HMH provides hotel owners and developers a broad spectrum of world-class management solutions with five distinct, yet complementary, hotel brands catering to varied market segments from luxury to lifestyle. These include Bahi Hotels & Resorts, Coral Hotels & Resorts, Corp Hotels, EWA Hotel Apartments and ECOS Hotels.
HMH’s strategic expansion in the Middle East and North Africa has been successful in unlocking a world of opportunities while creating value for its stakeholders, associates, staff members and customers. The existing portfolio is located in some of the most desirable destinations across the MENA region, with a pipeline of hotels under development to grow HMH’s regional footprint even further.
For more information about HMH please
visit http://www.hmhhotelgroup.com/
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