World’s one and only Forbes Billionaire from Nepal eyes Middle East and East Africa growth with new hotels

19 June 2016
CG Hotels and Resorts, the hospitality division of Nepal’s only billionaire, Binod Chaudhary, has kickstarted the construction of its latest hotel, with the widely renowned brand Taj. The 200-key luxury hotel is being built in the happening Jumeirah Lake Towers, Dubai. CG Hotels and Resorts, in a partnership with Mr. Jayant Lal and Mr. Raju Shroff have jointly entered into this venture with India’s most premier and reputed Taj Hotels Resorts and Palaces aiming to make this hotel one of the most recognized and preferred destinations for business travelers.

The two new hotels represent the start of CG Hotels and Resorts’ strategic expansion across the Middle East and Africa, having identified key markets such as Muscat, Abu Dhabi, Dubai, Doha, Saudi Arabia and Iran in Middle East as well as Kigali, Nairobi, Dar E Salaam, Kampala, Burundi and Mozambique in Africa. This is a part of its larger global development strategy, with a target to more than double the number of hotels to 200 by 2020, which would make CG Hotels and Resorts a dominant player in the hospitality sector globally.

Speaking about the company’s expansion plans, Rahul Chaudhary, Director, CG Hotels and Resorts, said "With the […]

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About Andrew Kwabena

The Editor of MoneyInAfrica

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