Tag Archives: new hotel

Kinan International and Elaf Group signed a Memorandum of Understanding (MoU) for a management agreement in addition to supervising the preparation of designs for the construction of the hotel within the Aliat Mall project in Medina for 15 years. The mall also includes an area of modern retail stores, restaurants and a cinema, in addition to the hotel. The key goals of the MoU between Elaf Group and Kinan International Real Estate Development Company includes overseeing the implementation of 230 rooms and suites in line with the highest standards set out by the Ministry of Tourism, as well as demands of the visitors of Medina, with an investment of more than 220 million Saudi Riyals. The project is estimated to be completed in the first quarter of 2025. Eng. Jamjoom, said: “We are delighted to partner with Elaf Group, a prominent company in the hospitality and tourism sector of Saudi Arabia. We anticipate the MoU with Elaf Group to significantly contribute to the national strategies of enhancing the standards of living by boosting the quality of hospitality services offered to pilgrims and Umrah performers, which will further give them the opportunity to enjoy the one-of-its-kind Saudi Arabian hospitality. The new project will feature unique and remarkable architecture in Medina. It is expected to be a vital addition to the tourism and hospitality sector of the Kingdom, as it expects to witness massive growth. Our MoU with Elaf Group will contribute to this growth, by providing exceptional services to pilgrims and visitors through this new hotel.” Dr. Ezzat, said: “We are happy to sign this MoU with Kinan International Real Estate Development Company. In line with the MoU, we seek to …

IHG® Hotels & Resorts, one of the world’s leading hotel companies, has announced the signing of a Management Agreement with Al Ajlan Company for InterContinental Hotel & Residences in the Riyadh North area. Set to open by 2028, the prestigious 400-key hotel and serviced apartments will form part of a state-of-the art masterplan comprising of high-end retail, offices and entertainment. The hotel will reflect the modern luxury philosophy and will strengthen IHG’s offering in the segment. Saudi Arabia represents significant potential for tourism and hospitality industry, as part of its Vision 2030 ambitions. While Riyadh has long been and continues to be a centre for business in the Kingdom, new developments in the north of the city, including the Boulevard, U-Walk, and Riyadh Seasons herald a new demand for leisure tourism as well. In addition to rooms designed with modern aesthetics, the hotel will feature distinctive dining options, multipurpose meetings and events rooms, a health club and a spa. Located in proximity to the airport, the hotel will also be strategically positioned to cater to business and leisure demand. Speaking on the announcement, Haitham Mattar, Managing Director, India, Middle East & Africa, IHG said: “This Management Agreement of an exciting new build InterContinental property in Riyadh’s vibrant north district represents IHG’s commitment to support the growing tourism and hospitality ambitions of the Kingdom of Saudi Arabia, as part of Vision 2030.  With new developments in leisure and entertainment sector across the country, and the introduction of e-visas and a new airline, Riyadh is ready to welcome more diversified tourists to the capital city. With a strong hotel portfolio across all guest segments and a growing regional office in Riyadh, we …