Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Jumeirah Group rolls out Dh8 billion global expansion  Join our daily free Newsletter

MENAFN - Khaleej Times - 11/05/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Khaleej Times) Luxury hotels planned in gcc china and asia markets

shaikh mohammed shaikh hamdan and abdullah al gergawi viewing project displays at the dubai holding office on friday. — wam

jumeirah group the uae-based luxury hotel chain and a member of dubai holding has embarked on a massive expansion worldwide which will see an addition of 4300 hotel rooms to its portfolio over the next three years.

his highness shaikh mohammed bin rashid al maktoum vice-president and prime minister of the uae and ruler of dubai has endorsed the expansion project at a cost of dh8 billion in 11 countries.

shaikh mohammed made the announcement during a visit to the dubai holding office where he reviewed the development plans of jumeirah group until 2017. he was accompanied by shaikh hamdan bin mohammed bin rashid al maktoum crown prince of dubai; and shaikh ahmed bin saeed al maktoum president of the dubai civil aviation authority and chairman and ceo of emirates airline and group.

“our national companies in the sectors of aviation hospitality ports property development and others tell the uae’s success story to peoples worldwide. they are our envoys in all countries in which we invest. these companies bear greater responsibility compared to the government when it comes to representation of our national economy and boosting confidence in uae investments in all sectors” shaikh mohammed said.

he said the uae foreign investments will grow rapidly in the next few years as the investment strategy will focus on the three basic themes: balance diversification and secure geographical distribution between the east and the west.

shaikh mohammed urged the group to focus on the gcc chinese and some developed asian markets.

mohammed abdullah al gergawi chairman of dubai holding group said the development of the hospitality portfolio of dubai holding is aimed at making the group one of the chief contributors to the success stories of dubai and the uae and add a genuine value to the national economy.

the development aims to double the company’s revenue within the next few years and expand its portfolio to more than 40 hotels and 10000 hotel rooms by 2017 and complete the fourth phase of the madinat jumeirah expansion which overlooks the iconic burj al arab hotel in dubai by the beginning of 2016.

the madinat jumeirah project comprises four major phases including a five-star mega hotel restaurants open walk and a shopping mall.

“the worldwide expansion was drafted after an in-depth study of various markets that are seen as strategic and would offer a steady growth” al gergawi said. the group at present runs 22 hotels worldwide and plans to add 19 more in the next few years which would double the company’s revenues.

he said though the group sees opportunities in many countries “we only pick the best ones that match our plans and complement our other national companies in the new markets.”

according to the company website projects currently under develoment in the middle east and north africa include jumeirah gamsha bay resort egypt; jumeirah at saraya aqaba jordan; jumeirah at saraya bandar jissah oman; jumeirah dubai towers doha qatar; and jumeirah marrakech golf & polo resort morocco.

in europe the group has signed an agreement with ifg basis project to manage a luxury hotel in st. petersburg russia.

developments under construction in asia include five hotels and resorts in china and projects in indonesia and india.

the group’s portfolio of companies includes jumeirah hotels and resorts; jumeirah living a new benchmark for luxury serviced apartments and residences around the world; jumeirah restaurants a company of multiple restaurant concepts licensed globally; jumeirah hospitality an event management company offering five-star corporate and private catering services the sirius recognition and rewards programme packed with outstanding privileges; the emirates academy of hospitality management; the wild wadi waterpark in dubai; and the iconic jumeirah emirates office towers in dubai.

news?khaleejtimes.com


 


Khaleej Times




  MENA News Headlines
 Oct 21 2014 - Modi win in 2 states pave way for national overhaulArab News
(MENAFN - Arab News) NEW DELHI: It's been a good weekend for India's Prime Minister Narendra Modi.Two days ago he took his biggest step yet toward boosting the economy with a shift to more ...

 Oct 21 2014 - Sri Lanka heads for snap presidential poll in JanuaryArab News
(MENAFN - Arab News) COLOMBO: Sri Lanka will hold a presidential election in January almost two years ahead of schedule with Mahinda Rajapakse seeking a third term the information minister said ...

 Oct 21 2014 - Industries Qatar Posts QR 4.7 Billion 9Month Net ProfitQatar News Agency
(MENAFN - Qatar News Agency) Doha October 20 (QNA) - Riding on a third quarter net profit of QR 1.9 Billion Industries Qatar (QE: IQCD) posted a net profit of QR 4.7 Billion for nine-month period ...

 Oct 21 2014 - Lufthansa LongHaul Pilots Join StrikeQatar News Agency
(MENAFN - Qatar News Agency) Frankfurt October 20 (QNA) - Long-haul pilots of German Airline Lufthansa said Monday they will join a strike started by their short and medium-haul colleagues who are ...

 Oct 21 2014 - MediCare Group Qatar German Company Disclose Interim Financial StatementsQatar News Agency
(MENAFN - Qatar News Agency) Doha October 20 (QNA) - MediCare Group disclosed the interim financial statements for the period ending September 30 2014. The interim financial statements revealed a ...

 Oct 21 2014 - Pakistan's Army Chief Heads to IndonesiaQatar News Agency
(MENAFN - Qatar News Agency) Islamabad October 21 (QNA) - Pakistani Army Chief of Staff Gen. Rachel Sharif headed to Indonesia last night for a three-day visit. According to a statement issued by ...

 Oct 21 2014 - Qatar- HH the Emir Meets Azerbaijan's Emergency MinisterQatar News Agency
(MENAFN - Qatar News Agency) Doha Doha (date) - HH the Emir Sheikh Tamim bin Hamad Al-Thani met here Monday morning at Al Bahr Palace with Minister of Emergency Situations of the Republic of ...

 Oct 21 2014 - Bin Alawi Meets Tanzanian Parliament SpeakerQatar News Agency
(MENAFN - Qatar News Agency) Muscat October 20 (QNA) - Omani Minister in Charge of Foreign Affairs Youssuf bin Alawi bin Abdullah met here today with Speaker of Tanzanian Parliament Anne Makinda. ...

 Oct 21 2014 - Qatar- HH Sheikha Moza Opens 31st IASP World ConferenceQatar News Agency
(MENAFN - Qatar News Agency) Doha October 20 (QNA) - Chairperson of Qatar Foundation for Education Science and Community Development (QF) opened today the 31st World Conference of the International ...

 Oct 21 2014 - Qatar- BDF CommanderinChief Meets Commander of the Joint Peninsula ShieldQatar News Agency
(MENAFN - Qatar News Agency) Manama October 20 (QNA) - Commander-in-Chief of the Bahrain Defense Force (BDF) Field Marshal Sheikh Khalifa bin Ahmed Al Khalifa met here Monday with the Joint Peninsula ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help