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Global hotel company IHG Hotels and Resorts has announced that it has signed a management agreement with The Red Sea Development Company, a subsidiary of the Saudi Arabia Public Investment Fund, to open the InterContinental Resort Red Sea in the Kingdom. Located in the upscale Red Sea development destination, the new InterContinental complex is expected to open during Phase 1 of the Red Sea project development. Activity for the first phase of development is on track and is expected to be completed by the end of 2023.

Haitham Mattar, Managing Director, India, Middle East & Africa, IHG, said: “With a strong legacy in the country, we remain committed to capitalizing on growth opportunities aligned with Saudi Arabia’s Vision 2030 and priority destinations highlighted in Saudi tourism. strategy. We are delighted to partner with The Red Sea Development Company, one of the world’s most ambitious regeneration projects, to strengthen our offering in Saudi Arabia and collaborate on sustainable development initiatives to protect natural, historic environments. and culture that make this destination unique. These initiatives are part of IHG’s Journey to Tomorrow, a 10-year action plan focused on commitments to drive change for people, communities and the planet.

We also look forward to building a scale in the Kingdom to provide historic development that will meet the needs of the various guest profiles who are expected to visit the country in the years to come. “

The announcement comes during InterContinental Hotels and Resorts’ diamond anniversary celebrations, marking 75 years of luxury travel with a celebration of a rich heritage, iconic hotels and exclusive experiences.

Located in one of the world’s most ambitious luxury tourism developments amid an archipelago of over 90 pristine islands, the InterContinental Resort Red Sea will offer guests breathtaking views of the desert and spectacular mountain scenery.

Each of the resort’s 210 oceanfront rooms will offer immediate beach access, allowing guests to step out onto the sands of the Red Sea from the terrace. In addition, the resort will offer seven different dining experiences, expansive swimming pools and leisure facilities, a spa, health club, and meeting and event spaces for business travelers and groups.

John Pagano, CEO of TRSDC and Amaala, said: “Given IHG’s global expertise and strong heritage in the Kingdom, we are delighted to partner with them to provide world-class hospitality to our guests. at the Red Sea Project. IHG is the ideal partner to develop our hotel offerings, shape the guest experience and take it to the next level. With their understanding of the local landscape, high quality standards, impeccable service and clear focus on sustainability and responsible travel, we are confident this partnership will deliver best-in-class results and we look forward to welcoming customers. in this luxury hobby. destination.”

In addition to The Red Sea Development, PIF is developing several gigaprojects across Saudi Arabia including Qiddiya, Amaala, Riyadh Central, Diriyah Gate, Jeddah Downtown, Rua Al-Haram, Rua Al-Madinah, Al-Ula, NEOM and King Abdullah Financial Quartier.

IHG currently operates 37 hotels in Saudi Arabia through five brands, including InterContinental, Crowne Plaza, Holiday Inn, Staybridge Suites and Voco. 23 other hotels are under development and should open within three to five years.

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