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INFRASTRUCTURE New developments
King Abdullah Economic City
SAUDI ARABIA HAS OFFERED A HOST OF FACILITIES TO INVESTORS IN A BID TO ATTRACT MORE FOREIGNINVESTMENT TO SUPPORT THE NATIONAL ECONOMY, AND REVIVE RELATED SECTORS SUCH AS CONSTRUCTION
miles from the King Abdul Aziz International Airport and just five miles from the old city. It will offer 300 spacious rooms, a business centre and more than 900 square metres of state-of- the-art meeting space for events and conferences. Four Points by Sheraton Dhahran, situated between the King Fahd International Airport and the Kingdom of Bahrain, was expected to open in early 2011. With 236 comfortable rooms and suites the hotel will offer more than 1,100 square metres of meet- ing space for meetings and conferences.
Marriott International revealed three years ago that it would manage nine new properties in the Kingdom. The locations for the hotels that represent various Marriot International brands are Riyadh, Jeddah, Dammam and Jubail. The Ritz-Carlton Hotels, The Ritz-Carlton Residences, Marriott Hotels & Resorts, Marriott Executive Apartments and Courtyard by Marriott are the brands featuring in the Kingdom. When all properties are open, they will substantially increase Marriott International's presence in the Kingdom from three to 12 properties. The new hotels include the 250-room The Ritz-Carlton, Riyadh and the 80-unit The Ritz-Carlton Residences, Riyadh, located on King Fahad Road. The Dammam Marriott Hotel and Marriott Ex- ecutive Apartments Damman are also expected to open in 2011.
saudiarabia 2011
Other developments include the 311-room Courtyard by Marriott and 85-unit Marriott Executive Apartments Mall of Arabia Jeddah. The latter is located on Al Madinah Road, the main thoroughfare connecting Jeddah International Airport to Jeddah's central busi- ness district and downtown area. Further extending the Marriott portfolio in the Kingdom is The Courtyard by Marriott Jeddah King Abdullah Street, the Courtyard by Marriott Olaya Street Riyadh and the Courtyard by Marriott Jubail.
Hilton Hotels Corporation has entered into a non-exclusive Strategic Development Agreement (SDA) with the Abdulmohsen Al-Hokair Group for Tourism and Development, with the potential to deliver 13 Hilton Garden Inn properties, in key locations across Sau- di Arabia. By 2014, Hilton and Al Hokair plan to have Hilton Garden Inn hotels in Riyadh, Al Khobar, Dammam, Jubail, King Abdullah Economic City, Taif, Abha, Tabuk, Hail/Buraydah and Yanbu. Hilton Garden Inn is a focused service brand offering affordable rates for the mid-market traveller. The hotels will also feature small meeting rooms.
Hilton Hotels currently operates five properties in Saudi Arabia; four Hilton hotels in Jeddah, Makkah and Madinah, in addition to The Waldorf-Astoria Collection property, 'Qasr Al Sharq' or 'Palace of the Orient' in Jeddah.
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