Future Hospitality Summit News
Tourism Development Fund Signs Financing Agreement with Shada Development Company for new hotel
Saudi Arabia’s Tourism Development Fund (TDF) announced today the signing of a financing agreement with Shada Real Estate Development and Investment Company. The agreement is to establish a 4-star boutique hotel featuring 110 hotel rooms in Jeddah, one of the targeted tourist destinations. The hotel will be designed with a mix of the architectural styles of Makkah region and the local style.
Rua Al Madinah Holding signs an agreement with Accor to develop over 1,000 hotel rooms
The agreement will add 3 new global hospitality brands to Rua Al Madinah Project to meet growth in demand to Madinah’s visitors ” – Rua Al Madinah Holding Company CEO
Rotana signs four Edge by Rotana properties and one Rayhaan by Rotana property in KSA
Memar Development & Investment is one of the companies paving the way for real estate development in the hospitality and entertainment sector in the Kingdom of Saudi Arabia. The new hotels will add an impressive 618 keys to Rotana’s expansive portfolio across the Kingdom
Dur Hospitality and Smart Zone Real Estate Company plan to Develop and Operate a Hotel in Riyadh
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.