Saudi's Al Khozama eyes Dubai and Maldives hotels
Saudi-based hotel owner and operator targets 5000 rooms by 2018
Saudi Arabia-based Al Khozama Management Company is planning to expand into Dubai and the Maldives, the group’s hospitality division vice president Hussein Ali Hatata told Hotelier Middle East.
“We’d like to come up with a new concept in Dubai – we don’t want to repeat the others. We need to see the best way to provide additional services and facilities in the Dubai market. People talk about dry hotels and we are Sharia compliant – that means we have to come up with a new concept for dry hotels. We would like to come up with a real presentation of real Islamic sharia compliant and dry hotels,” Hatata said.
The group is also looking at destinations and conducting feasibility studies in the Maldives. Explaining the group’s interest in the island nation, Hattata said: “It is an Islamic country and fits our philosophy. Also, it’s a preferred destination for Arab and GCC markets, so it makes sense.”
Al Khozama currently has five properties under development in Saudi Arabia. These include the addition of Hotel Al Khozama, Al Faisaliah Hotel and Al Faisaliah Resort & Spa, Durrat Arriyadh to its portfolio this year, the company will also manage Al Khozama Residence Al Khobar, when it opens in 2016, and Al Faisaliah Hotel & Spa, Al Khobar, set to open in 2017.
The group also signed a new Al Khozama property in the King Abdullah Economic City in Jeddah, and is eyeing a portfolio of 5000 rooms in the next three years.