Al Khozama Management Company today announced that it is working with the global hospitality company Hakkasan Group, to open five new restaurants in the Kingdom, including Hakkasan, Yauatcha and Sato no Hana, in the next five years. This move marks Hakkasan Group’s first step into Saudi Arabia.
As Saudi Arabia’s leading hospitality and property management company, Al Khozama has been refining the Kingdom’s retail, dining and hospitality experiences since 1995. Hakkasan Group, has more than 50 establishments across the Middle East, Europe, the USA, and Asia and this launch is a continuation of its business strategy of taking its brand portfolio into new high growth markets across the world. Together, these two companies will bring some of the world’s finest dining experiences to the Kingdom, introducing offers not currently available.
To celebrate this milestone and the strategic relationship between the two businesses, the agreement was signed by Mr. Abdulaziz Al Habib, President of Al Khozama Management Company, and Neil Moffitt, CEO of Hakkasan Group, at a ceremony held at the Al Faisaliah Tower this morning.
Commenting on the relationship Al Habib stated:
“Over the years, we have committed to offering our diners and guests in the Kingdom unparalleled dining experiences. A number of our restaurants in the Kingdom are consistently rated among the top 20 in the country. In Saudi Arabia, we are witnessing a burgeoning fine-dining culture. Both citizens and visitors have more refined tastes and discerning dining expectations. Hakkasan Group excels in creating dining experiences that are unmatched. We look forward to working together to cater to this segment and introduce to the market a new level of excellence in dining unprecedented in the Kingdom.”
“This announcement comes at the perfect time. Vision 2030 is fueling pursuits of ambition, excellence and opportunities all round. We feel its pulse vibrating in the economy, the society and the nation as a whole. Al Khozama had and still has a passion for excellence at the core of our business – crafting the most memorable experiences. Our relationship with Hakkasan Group will enable us to reach new heights in delivering on our promise to our country, our society and all visitors of the Kingdom.”
CEO of Hakkasan Group, Neil Moffitt, said:
“Saudi Arabia has a flourishing restaurants sector and is an ideal location for the Group to open our restaurant brands Hakkasan, Yauatcha and Sato no Hana. With a dynamic economy and growing numbers of tourists visiting Saudi Arabia, we are excited about bringing a new and fresh dining experience for both locals and the global customer coming to the region.
“Importantly, this partnership builds on our global expansion strategy by rounding out our portfolio in the Middle East, where we already have a presence in Dubai, Abu Dhabi and Doha, and soon to be in Bahrain.
“For Hakkasan Group, choosing like-minded partners has always been key for us. Al Khozama operates one of the most successful luxury hospitality companies in the Kingdom and caters to a similar clientele of well-traveled high-net worth individuals. They have the same focus and passion for excellence in culinary experiences and impeccable service. We look forward to bringing our distinctive offerings to the Kingdom with Al Khozama”.