Dubai’s Al-Habtoor eyes entry into Saudi hospitality sector

Al-Habtoor Group, a Dubai-based hotelier and leisure group, is planning to tap into Saudi Arabia's booming hospitality sector, Arab News reported, citing company CEO and vice chairman Mohammed Al-Habtoor.

"I see big potential for the hospitality business there. We are in contact with potential business partners and plan to take it further after the summer. Saudi is very interesting for us," he said.

Al-Habtoor will go on a “fact-finding mission” soon and is already in talks with potential business partners.

Last week, Alpen Capital said the Kingdom's hospitality market is expected to grow at a CAGR of 6.5 percent between 2017 and 2022 to $21.3 billion.