Tag Archives: UAA Capital Saudi Arabia

Rotana and SHUAA Capital Saudi Arabia, officially announced the opening of Centro Shaheen Jeddah, the group’s first property to open under ‘Centro by Rotana’ brand in the Kingdom of Saudi Arabia. SHUAA Capital is the Fund Manager and Developer of this joint project. Located on Madinah Road, just 20 minutes away from King Abdulaziz International Airport, Centro Shaheen offers 252 rooms and studios all in a contemporary and stylish setting. Great care has also been taken to optimise room configurations and styles. Some of the special features include the design as well as innovatively styled bathrooms, and the latest technology and in-room entertainment options. Addressing the official opening, Omar Al Jaroudi, CEO of SHUAA Capital Saudi Arabia said that they are witnessing a significant milestone that is the launch of Centro Shaheen Jeddah, one of the joint projects courtesy of the strategic SHUAA Capital Saudi Arabia and Rotana collaboration. This great hospitality product and brand, is expected to be a key contributor to the Kingdom’s already bustling leisure and hospitality sector. Having already proven a unique concept in the United Arab Emirates and Qatari markets, the Kingdom of Saudi Arabia was only the next natural step for this admirable lifestyle brand. Recent reports show that the much-applauded Saudi Vision 2030, which has captured world attention, lends strong support to the hotel and tourism sector as a significant source of investment, while promising job opportunities in a series of sweeping economic reforms.

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