Dur Hospitality announces plans to launch new hotels and real estate developments
The group’s plan includes 15 new hotel and real estate development projects
Dur Hospitality has announced expansion plans that aims to keep up with the growing tourism sector and increasing demand for hotel services in Saudi Arabia.
Hassan Al Ahdab, President of Hotels Operations said the group is increasing its investments in the sector through local development projects, which will help accelerate economic growth, achieve the goals of Saudi Vision 2030, as well as solidify the Kingdom’s position as a leading hub for business and entertainment.
The group’s plan includes 15 new hotel and real estate development projects, he pointed out. Earlier in May, the group awarded a $48.5mn contract for the development of the Rixos Jeddah Resort.
CEO Sultan bin Badr Al Otaibi said Dur remains fully committed to advancing the tourism and hospitality industry, especially at a time when Saudi Arabia is undergoing large-scale transformation and witnessing significant developments that yield immense benefits for all stakeholders in this sector.
Its portfolio currently includes over 32 hotel and residential properties, commercial plazas and entertainment centers in various regions across the kingdom, he concluded.
