SAUDI ARABIA: IHG has announced the signing of a management agreement with Al Ajlan Company for InterContinental Hotel & Residences, Riyadh.
The luxury 400-key hotel and serviced apartments is due to open by 2028, and will be part of a mixed-use development with high-end retail, offices and entertainment.
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 the leisure and entertainment sector across the country, 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 are prepared to cater to the needs of our owners and guests.
Intercontinental Hotel Group recently opened its second Staybridge Suites in Saudi Arabia.
