Saudi Arabia's Giga-Projects Set to Bring World-Class Hospitality to Kingdom
(MENAFN) Saudi Arabia is committed to positioning itself as a leading global hub, with public bodies working closely with the private sector to develop world-class hotels and resorts across the Kingdom. This includes the development of giga-projects such as Red Sea Global, AMAALA, NEOM, Diriyah Gate, and Qiddiya. These projects represent developments that are unique in scope and vision, according to Ludwig Bouldoukian, the regional vice president for development for the Middle East and Africa at multinational hospitality company Hyatt. With construction already underway at RSG and Diriyah, significant progress has been made, and there is much to look forward to.
The Kingdom plays a pivotal role in Hyatt's growth strategy in the Middle East, with anticipated room growth of more than 80 percent in Saudi Arabia by late 2025. Haitham Mattar, managing director for India, the Middle East, and Africa at IHG Hotels & Resorts, also highlighted the welcoming environment for companies looking to expand in the Kingdom. Saudi Arabia is working towards achieving its Vision 2030 goals, and its ambition to introduce new and novel developments is clear. NEOM's The Line, a linear city with no roads, vehicles, or emissions, running on 100 percent renewable energy, is a prime example of this ambition.
These giga-projects are set to bring world-class hospitality to the Kingdom, with an emphasis on innovative experiences and offerings. With the government's push to diversify the economy away from oil, the development of these projects is part of a broader strategy to position Saudi Arabia as a leading destination for tourism and investment. As a result, the Kingdom's hospitality industry is expected to experience continued growth in the years to come.
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