Thursday 1 October 2020

Saudi group to open more hotels in kingdom

RIYADH, January 22, 2020

Mohammad Abdulaziz Al Rajhi and Sons Investment Co. celebrated its contribution towards the major boost in Saudi Arabia’s burgeoning hospitality industry at a board meeting held at the company’s latest hotel project – voco Al Khobar.
Owned by heirs of Sheikh Mohammad Bin AbdulAziz Al Rajhi, the company is working with Intercontinental Hotels Group (IHG) to develop the tourism sector in Saudi Arabia.
Thanks to the successful partnership, several new hotels are planned to open in the kingdom’s largest cities over the next two years.
By combining the knowledge of the local market from Al-Rajhi and Sons Investment with IHG’s international experience, the partnership brought the famous voco brand to Saudi Arabia.
Located on Dhahran road and just 55 kilometres from King Fahd International Airport, voco Al Khobar is within easy distance of the city’s landmarks, including Al Rashid Mall and Eastern Province business hub (both five minutes away), Al Khobar Corniche (10 minutes away) and Halfmoon Beach (15 minutes away) and less than 10 minutes from Saudi Aramco.
Offering a spacious, modern, stylish and unstuffy hotel experience for guests, voco Al Khobar is an ideal destination for those wanting to escape the hectic city life and unwind in a haven of ultimate relaxation. Guests driving to the hotel can benefit from free ample parking and a valet service and will enjoy the impressive health club also features a spa, with five lush treatment rooms, an indoor pool, and two fully equipped fitness centres, assigned separately for men and women.
Mohammed AbdulAziz Al Rajhi & Sons Investment Co are leveraging the growth opportunities from the exciting changes currently underway in the hospitality and tourism sector in Saudi Arabia. Under the Saudi Vision 2030, the kingdom has far-reaching plans to grow its tourism industry and open the country up to greater international investment.
Badr Bin Mohammed Al Rajhi, managing director and board vice chairman, at Mohammad Abdulaziz Al Rajhi and Sons Investment Co, said: “As one of the kingdom’s leading investment firms, it was important for our latest project to really make an impression in what is becoming a more dynamic and competitive market. We look forward to working with more international partners and to really adding value to the country’s luxury hospitality landscape.”
The newly opened Al Khobar property puts voco at the forefront of a new wave of globally recognised names that are looking to collaborate with innovative Saudi partners in order to successfully tap into a large and previously underserviced market of local customers that is eager to experience upper upscale accommodation and high-quality hotel services.
“The introduction of the voco brand marks a new path in our journey to operate multiple hotels all over Saudi Arabia, and we are truly delighted to be bringing world-class standards to a whole new client base,” Badr added. - TradeArabia News Service


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