Tag Archives: new project

Dur Hospitality has announced signing a partnership agreement with Smart Zone Real Estate Company. The agreement aims to set up a Limited Liability Company (The Project Company) to construct and operate an innovative hotel in Riyadh. As per the agreement, The Project Company will develop and operate the first full-fledged smart hotel in the Kingdom. The Project Company’s capital will be contributed according to the ownership percentage of each party. Commenting on this milestone, Mr. Feras Albanyan CEO of AQALAT stated: “We are excited to partner on this project with Dur Hospitality, one of the leading national companies in hotel development and operation in the Kingdom.” For his part, Dur Hospitality CEO Mr. Sultan Al-Otaibi stated, “Dur has diligently worked on the studies required to set up The Project Company which will embody Dur’s strategic expansion roadmap and its role in the Saudi hospitality’s digital transformation journey. The hotel will embrace next-generation technologies with ultra-modern digital designs, in line with the top international standards. This JV supports Dur Hospitality’s direction to expand strategic partnerships with leading institutions in the Kingdom to develop top-notch hotels and increase the contribution of the tourism sector to the Kingdom’s GDP, in line with Saudi Vision 2030. Dur is very happy to join hands with Smart Zone Real Estate Company to develop this outstanding project.” The two parties signed an MOU in October 2022, followed by the preparatory studies for the establishment of The Project Company to develop and operate a state-of-the-art hotel in the Kingdom.

Accor lands key addition to the Fairmont Hotels & Resorts portfolio with signing of Fairmont Dubai Skyline. Set to open in 2024, Fairmont Dubai Skyline will become the third Fairmont property in Dubai and seventh in the United Arab Emirates. Group is partnering with RSG Group of Companies, a multi-billion-dirham organization spanning the Middle East, USA, and South Asia, across diverse sectors including Real Estate, Automotive, Industrial Equipment, Investments and Property Development. Abu Sabah, Founder, Owner and Chairman of RSG Group of Companies mentioned “Over the past decade, RSG has developed unique residential and commercial properties that are synergistic with Dubai’s standards of quality and lifestyle. We are very excited to launch our first luxury hospitality project, Fairmont Dubai Skyline, in partnership with Accor and are committed to upholding the iconic legacy of the distinctive Fairmont brand into its second century.” As with every Fairmont property around the globe, Fairmont Dubai Skyline will be located in a unique destination, Dubai’s world-renowned Sheikh Zayed Road, and will offer awe-inspiring architecture through asymmetric balconies, which will be cleverly lit upon nightfall, with a spiralling 4.5 kms of lighting to give an illusion of movement. Exceptional living spaces and high-end designer furnishings will be curated by award winning masters such as Kristina Zanic Consultants, with a breath-taking magnificence that will continue to captivate and delight guests overtime. Fairmont Dubai Skyline will become the first high rise on Sheikh Zayed Road after Downtown Dubai, offering unhindered views of Burj Khalifa, Burj Al Arab, Palm Jumeirah, Blue Waters and Ain Dubai. “This is a true milestone for us in the region and for Fairmont Hotel and Resorts to introduce such a unique building in one …