Riyadh’s luxury hotel boom
The Saudi Arabian capital of Riyadh is seeing a rise in the number of planned and completed five star hotel projects according to architects Dewan – a company taking part in a number of tourism and hospitality projects across the kingdom.
“As regional players are poised to take on more visitors ahead of the reviving economy, Riyadh is increasingly becoming a hub for logistics with a steady increase in demand for luxury properties and developments and this trend is clearly evident in the uptake of high quality development projects being witnessed,” Dewan said in the statement.
The firm is working on the design of the 15-storey Qasr Al Aqeeq Hotel alongside Al Aqeeq Real Estate Development in the city.
The development features 198 guestrooms and wings and 70 serviced apartments, with facilities that include a gym, spa, swimming pool and retail outlets, among others.
“This luxury hotel will be operated by an international five-star hotel operator which will be announced in due time by Al Aqeeq,” said Mohammad Al Assam, the company’s founder.
Saudi Arabia’s construction sector grew at an average of 10 per cent in between 2010 and 2012, according to the statement.