Switzerland-based luxury hotel company Aman Group is actively seeking to secure $2bn in fresh capital to accelerate its global expansion, particularly in the Middle East and Africa.
In 2022, Aman Group received a significant boost with a $900M investment from Saudi Arabia’s Public Investment Fund (PIF) and Cain International, a UK-based property investment firm.
The company, which launched its first resort in Phuket, Thailand in 1988, has utilised the Gulf investments, to initiate development projects across the Middle East. Aman Residences is set to offer a collection of mansions in Saudi Arabia’s capital and two luxury towers in Dubai.
Additionally, the company is constructing three Janu properties in the region, including a 150-room hotel in the financial district and hotels in AlUla and Diriyah’s historic sites. Aman Dubai, a private members club featuring a beach and a large spa, is also in the works.
