Tag Archives: Jumeirah Hotels and Resorts

Red Sea Global (RSG), the multi-project developer behind the world’s most ambitious regenerative tourism destinations, The Red Sea and Amaala, has achieved commercial close on a financing agreement to support its Joint Venture (JV) with Almutlaq Real Estate Investment Co. (AREIC), a subsidiary of the Al Mutlaq Group (AMG). The SAR 1.081 billion (USD 288 million) green financing was provided by Gulf International Bank Saudi Arabia (GIB). The initial joint venture with AREIC was signed in July 2022 and valued at SAR 1.6 billion, for the development of Jumeirah The Red Sea. The resort is a 159-key luxury property situated on The Red Sea destination’s hub island, Shura. Shura Island forms part of the first phase of development, and will comprise 11 luxury, premium and lifestyle hotels and resorts, residential units, a championship golf course, 118 berth marina, and a comprehensive retail, dining, and entertainment offering. Tariq Almutlaq, Chairman of AREIC, said: “We’re delighted to achieve commercial close on our joint venture so soon after signing the agreement and it is testament to Red Sea Global’s best-in-class management team that it has been able to happen. Already progress is being made at pace to bring the destination to life and we are excited to continue helping Red Sea Global achieve its vision.” Abdulaziz Al-Helaissi, CEO of GIB, said: “Red Sea Global has made an ambitious commitment to being conservation-positive, supported by its partnership with King Abdullah University of Science and Technology. GIB is proud to enable this activity through the provision of green finance, and we look forward to seeing the positive impacts generated on sustainable development goals.”   GIB is the fifth Saudi bank to support RSG in the …

Evolvin’ Women, a social enterprise dedicated to the empowerment of women in developing countries, are announcing a new partnership with Jumeirah Hotels and Resorts,  a Dubai national champion and an acclaimed luxury hospitality leader — operating 23 Jumeirah branded properties in eight countries. The partnership with Jumeirah Beach Hotel will provide women participating in the Evolvin’ Women programme with vocational training, skills development and potential job placements through a pivotal 2-year joint programme. The programme will begin online where, Evolvin’ Women candidates will receive mentorship and workshops. Following the training program, the women will be offered the opportunity to take up job placements at Jumeirah Beach Hotel and continue their professional development, ahead of going back to their home countries. Assia Riccio, Founder of Evolvin’ Women, said: “The aim of this partnership is to empower the unemployed women we work with, to follow their passion for hospitality.  Programmes like Evolvin’ Women offer access to world class hospitality brands like Jumeirah Hotels & Resorts where they can hone their skills, engage with industry professionals, and learn the highest standards of service excellence, which the UAE is well-known for. Once they go back to their home countries, they take with them much needed skills and competencies that will allow them to excel professionally, support their communities and contribute to advancing their societies.” Four women from Evolvin’ Women training programme have already onboarded and started working in Dubai. Cleopatra Mutoki from Zambia and Honorine Uwamurera from Rwanda have been successfully integrated within the hotel team as waitresses and Nadine Rucinga from Rwanda as a Guest Services Agent. The successful completion of the programme at Jumeirah Beach Hotel will support the expansion of the …