Saudi Arabia

Each accommodation showcases SLS’s hallmark blend of luxury and creativity, featuring bold design elements and unique details such as the reinterpreted SLS duck sculpture by Saudi artist Heba Ismail, an homage to local artistry within a global brand context.

The US$1.55 billion (SAR 5.8 billion) joint venture for developing the Qurain Cultural District was awarded to Nesma & Partners Contracting Co. and MAN Enterprise Al-Saudia, as revealed at Diriyah Company’s 2024 Bashayer event.

By integrating Accor’s premium, midscale, and economy brands, the partnership spans a wide range of hospitality offerings, including city hotels, serviced apartments, resorts, and properties tailored for religious travelers.

IntercityHotel Riyadh Al Rayaan, developed in partnership with Wahat Sudair Hotels Company Limited, is scheduled to open in Riyadh by June 2027.

Major interchange stations such as Qasr Al-Hukm, the Financial Center, STC main stations, and the National Museum station have recorded the highest passenger volumes, together making up more than 29% of total ridership.

Aleph Hospitality will take over management of the property in August 2025 and is in discussions with international hotel groups to align the hotel with a leading global brand and enhance its market positioning.

The company seeks to diversify its portfolio by developing new brands and expanding into food service segments beyond its core burger market.

Red Sea Global’s potential move toward an IPO or REIT conversion reflects wider global trends in real estate and hospitality investment, providing greater flexibility in both capital raising and asset management.

The project launched on August 7, 2025, during a high-profile event at the Conrad Hotel on Sheikh Zayed Road, giving potential investors and homebuyers an exclusive first look.

ChatGPT said:
To be eligible for the refund, purchases must total more than SAR 500 (US$133), with items remaining unused, intended for personal use only, and exported within 90 days of purchase.