Emirates Stallions Group, a subsidiary of Abu Dhabi-based International Holding Company, is a diversified investment, construction and real estate services business that has completed work on the new Viceroy hotel in Kopaonik, Serbia.
Less than 6 hours’ flight time from the UAE, the resort is located close to one of Serbia’s largest national parks and offers panoramic views across the nearby Kopaonik mountain.
It offers outstanding access to nature, cultural and food experiences, and a range of outdoor activities including paragliding, water sports, hiking and snowboarding. With 160 snow days a year, the resort is also home to its own ski school, for beginner and experienced skiers to explore more than 55 kilometers of nearby ski runs.
Emirates Stallions Group, listed on Abu Dhabi Securities Exchange Second Market in May, provided development consulting services through its developments arm Royal Development Company (RDC).
The project value, including construction, was 260 million dirhams ($70.8 million).
Matar Suhail Al-Yabhouni Al-Dhaheri, chairman of the Emirates Stallions Group, said: “We see excellent opportunities for Emirates Stallions Group and its subsidiaries to expand, where development of major projects will continue.
We have brought the company’s outstanding real estate development skills to the beautiful Viceroy Kopaonik in Serbia, and we look forward to more luxury development projects in the near future.”
Established in 2008, Emirates Stallions Group has grown rapidly as a business dedicated to construction, development, and management of real estate, as well as a service provider.
The company, which is present in 20 markets, had assets of 537 million dirhams as of the end of Q1 2021 and more than 3,000 employees.
“We’re proud to open our first European resort in the beautiful, culturally rich destination of Kopaonik, Serbia,” said Bill Walshe, CEO at Viceroy Hotels and Resorts.
“Through inspiring experiences, engaging service and genuine connections, we always strive to create lasting memories for all of our guests. With Viceroy Kopaonik, we are bringing an elevated offering that will stand out from its competitors across Europe and we hope will contribute positively to the prospering community and destination.”
