Dur Hospitality awards $48m Jeddah resort expansion contract
RIYADH, May 15, 2022
Saudi-based Dur Hospitality Company has signed up Al Murshid Contracting Group for the expansion and development of Rixos Jeddah resort, a premium 174-room property in the city of Jeddah.
As per the contract worth SR182 million ($48.5 million), Al Murshid will aim to transform Rixos Jeddah Resort into a premier luxury hospitality destination in Jeddah.
On completion, the property will boast an additional 73 furnished residential villas, two restaurants, a spa for men and women, ballrooms, meeting rooms, a beauty centre, a fitness centre, a water park for children, and several swimming pools.
The resort will also feature vast green landscapes, sandy beaches with breathtaking views, a marina, and a plaza overlooking the Red Sea.
The entire work will be completed within 18 months, said Dur Hospitality in its filing to the Saudi bourse Tadawul.
The agreement aligns with Dur’s strategy to provide modern, luxurious, and distinctive hospitality services that leverage the company’s leading position in the Saudi hospitality sector and at the same time accommodates the rapid growth in the tourism and hospitality industries, said its top official.
"Rixos Resort is intended to meet the demands of the most discerning customers who seek bespoke hospitality experiences in a world of luxury, sophistication, and comfort in Jeddah, the Bride of the Red Sea," remarked its CEO Sultan Bader Al Otaibi.
The upscale resort’s transformation will embrace the overarching strategic shifts in the kingdom’s hospitality sector aspiring to support a sustainable and inclusive tourism sector, thereby contributing to improving the quality of life as outlined in Saudi Vision 2030.
This comes as part of Dur Hospitality's strategic plan to enhance its position and leadership in the kingdom's hospitality sector and in line with efforts to improve the quality of life of residents under Kingdom’s Vision 2030.
Dur Hospitality had recently signed an agreement with hospitality group Accor to develop and manage the first Rixos property in Saudi Arabia, it added.-TradeArabia News Service
