The tourism and real estate sectors drive Bin Ham Group’s growth in the first six months.

AlBayan

Thursday 24/4/2024

Sheikh Ahmed bin Musalam bin Ham Al Ameri, CEO of Bin Ham Group, confirmed that the group has achieved exceptional performance in the tourism sector, with its hotels recording an occupancy rate of 89% during the last quarter of 2024 and the first quarter of 2025, representing significant growth compared to previous years. Sheikh Ahmed attributed this success to the attractive tourism environment provided by the UAE, thanks to its modern infrastructure, diverse recreational activities, and ease of travel and visa requirements.

Sheikh Ahmed bin Ham’s remarks came during a review of the Bin Ham Group’s financial and operational performance results for the past six months, which included the last quarter of 2024 and the first quarter of 2025. The results demonstrated positive and remarkable performance across various sectors, particularly in hotels and tourism, real estate and construction, and education.

Bin Ham Travel Agencies’ reports also showed an increase in demand for its services, achieving its highest sales during this period in the Emirate of Abu Dhabi, strengthening its position as one of the country’s leading travel and tourism companies.

Hotel and Tourism Sector

Regarding the real estate sector, Sheikh Ahmed pointed to significant progress in the implementation of the group’s massive tourism project in the Moroccan capital, Rabat, which includes a shopping mall and a five-star hotel. He confirmed that work is progressing according to the planned timeline, with the project expected to open early next year.

He added that the UAE’s real estate market is witnessing growing demand from local and international investors, enhancing growth opportunities in this vital sector, driven by strong financial performance and a flexible investment strategy that responds to market changes.

He pointed out that the diversification policy pursued by the UAE has provided significant support to the national economy, with the GDP rising, driven by growing demand in sectors such as tourism, real estate, and construction. He noted that this policy has opened up broad horizons for investments and vital sectors, strengthening the UAE’s position as a leading global destination in the modern economy.

Education Sector

In the education sector, the Bin Ham Schools Group continued to achieve remarkable accomplishments. Annual reports showed a marked improvement in academic and operational performance, as a result of adopting the latest global educational systems and ensuring a sophisticated educational environment that meets the highest international standards. This reflects the group’s commitment to enhancing the quality of education in the country.

Towards a Promising Future

Ahmed Bin Ham concluded his remarks by emphasizing that the Bin Ham Group continues to make steady and deliberate strides toward new economic horizons, based on a flexible and ambitious strategic vision that keeps pace with sustainable aspirations and strengthens its position as a leading group in various vital sectors, both locally and internationally.