Jumeirah close to signing first Saudi hotel
Announcement of first agreement with KSA partner eminent - reports
Jumeirah Group is reportedly close to signing its first deal in Saudi Arabia, with plans for at least four openings in the kingdom in the near future.
Group chief executive Gerald Lawless was reported to have revealed the development on the sidelines of the World Economic Forum (WEF) annual meeting in Davos, Switzerland, writes The National.
The company has already revealed plans to open hotels in Mecca, Medina, Riyadh, Jeddah and Al Khobar.
“We are having very real discussions with owners in Saudi Arabia who have sites and who share our vision of luxury hospitality. We haven’t yet signed on the dotted line, but it’s getting close,” said Lawless.
“The international awareness of our brand is very high. But we still want to evolve and develop in the UAE and the Middle East. Discussions have been going on a while in Saudi,” he added.
Jumeirah would also consider opening hotels in Iran, Mr Lawless said, if the conditions were right and United States-led sanctions were lifted.
“If a good enough project came along in Tehran or other parts of Iran for a luxury hotel that would fit the Jumeirah profile, of course we would consider it.”
Jumeirah’s business in Dubai had been at an all-time high over the past few months, Mr Lawless said, adding “the festive season was great. We’re back beyond where we were in 2008”.