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FinancialNews
01-04-21
Indian multinational conglomerate Tata to expand its operations in Saudi Arabia
(MENAFN)Indian multinational conglomerate Tata seeks to enlarge its operations in Saudi Arabia, starting with a new luxury hotel.
The group’s Taj brand of hotels was established in the cut-throat Dubai market with two hotels in operation in the UAE city and two more into process.
Sunil Sinha, Tata’s resident director for the Middle East and North Africa (MENA) region, stated that a fifth hotel was on the way in Saudi Arabia, by a number of other locations being set at for future development.
Arab News quoted him as saying that “A 340-room luxury development is coming up in Makkah and is slated to open in 2022. With the focus on tourism and development such as the Red Sea (luxury destination project), NEOM, and Qiddiya, there is a lot of opportunity for us to expand our hospitality brand as an operator in this region.”
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