Abu Dhabi – Mubasher: Emirates Stallions Group (ESG), a subsidiary of International Holdings Company (IHC), has formed a joint venture with Sudan-based DAL Group to establish an AED 240 million hotel in central Khartoum.
To be located in the Al Mogran Development, the project comprises a 16-floor hotel and residences with 300 hotel and apartment keys, according to a press release on Tuesday.
Launched in 2005, Al Mogran Development will span over seven million square metres with a value of over $4 billion, comprising 44 commercial towers, 18 hotels, and 700 apartments.
Covering an area of over six million square meters, the second phase of the development will be residential, including 650 villas, over 7,000 apartments, and an 18-hole golf course.
The Chairman of ESG, Matar Suhail Al Yabhouni Al Dhaheri, said: “We have excellent credentials and experience in developing hotels, and while this is our first hospitality development in Sudan, we have completed similar projects in Africa and Europe over the years.”
Meanwhile, the Chairman of DAL Group, Osama Daoud Abdellatif, commented: “We are continuing to grow our partnership with IHC and its subsidiaries, expanding across different verticals.”
