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Feb, 07 2018

Dubai's BinGhatti plans hospitality investment of $136m

The expansion plan includes launch of 200 F&B outlets over the next three years. The Dubai-based company opened three new brands in the local F&B sector last year.

Dubai's BinGhatti plans hospitality investment of $136m

The investment part of the BinGhatti Holding Group BinGhatti Hospitality has planned to invest US $136 million (AED 500 million) and expand hospitality management services in the GCC and across the Middle East.

As per the reports, the expansion plan includes launch of 200 F&B outlets over the next three years. The Dubai-based company opened three new brands in the local F&B sector last year.

The company statement expalained, brands like Kabbakhwa, Agathi and Kraftastic were added by the company to its portfolio and plan to expand the brands in Arab markets.

BinGhatti Developers CEO Muhammad BinGhatti said: “We are always looking to develop and expand the various investment sectors to take advantage of the great opportunities and high value offered by the UAE environment... We plan to enter into the development and management of boutique 3 and 4 stars hotels.

He added, “The local F&B sector is gaining vital economic importance and is considered one of the cornerstones of the country's strategy to support the national industries in general.”

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