Mohammad AbdulAziz Rajhi & Sons Co. signed a partnership agreement with InterContinental Hotels Group to launch and operate VOCO InterContinental Hotel and Holiday Inn in the city of Khobar.
VOCO InterContinental Hotel will be the first of its chain in the Kingdom of Saudi Arabia, and Holiday Inn Khobar will be the largest hotel in the Eastern region.
Both hotels are situated in the city of Khobar, home to the petroleum industry and petrochemistry in the Kingdom. It is the city that over the past years has been transformed by expats and locals to form an integral commercial point due to its unique location of overlooking the sea, making it an attractive spot for local tourists looking for a perfect weekend getaway within the Kingdom.
Mr. Badr Bin Mohamed Rajhi, the Board Vice Chairman of Rajhi Invest, signed the agreement with Mr Pascal Jovin, CEO of IHG in India and the MENA region, amidst a celebratory event held in the Kingdom and attended by Saudi Arabia’s finest elite of
businessmen.
VOCO InterContinental Hotel is scheduled to open its gates within the year 2019, providing 5 star services to its guests in a charming atmosphere stamped with its signature of unparalleled service and quality standards.
It is comprised of 123 rooms and suites and guest facilities including a fitness center and an outdoor swimming pool, alongside 2 distinct restaurants. VOCO also looks after its businessmen guests by providing them an elegant business center and 14 meeting rooms.
Holiday Inn Khobar, set to launch in 2020 in a strategic location, is the prime destination for travellers of both the business and pleasure purposes.
Guests will enjoy a fully equipped fitness center, swimming pool, and up to 4000m2 area designated for meeting and events, catering to the needs of corporations and business travellers. This hotel is comprised of 370 rooms and suites.
“This period of time is considered highly important in the Kingdom of Saudi Arabia,” Mr. Badr expressed, “as we are witnessing a rapid major change in the tourism scene. It is our absolute pleasure to unify our efforts with IHG, which already possesses a strong heritage in KSA, to make use of the growth opportunities that Vision2030 is offering, especially in the field of four and five star hotels.”
Mr. Badr also emphasied on the importance of this agreement which will enable the company to manage and operate the largest and most premium hotels in the Eastern region, pointing out to their strategic locations which are considered one of the success factors of the properties.
Mr. Jovin expressed his pride in having established this agreemnt with Rajhi Invest, since it is the leader in hospitality investment for over 5 decades, asserting that this is the starting point that will pave the path for future collaborative agreements.
Rajhi invest
Mohammad AbdulAzizRajhi & Sons Co. manages a number of leading projects that are fundamental in the economic system of Saudi Arabia. Rajhi invest aims to benefit from its industry expertise and large managerial infrastructure in managing mega projects and develop new opportunities in the health, services, real estate, industrial and hospitality sectors.
InterContinental Hotels Group
IHG is a pioneer in the premium hospitality sector, currently operating 88 properties through 5 brands in the Middle East including InterContinental, Crowne Plaza, Holiday Inn, Holiday Inn Express and Staybridge Suites. 30 hotels are currently undergoing
construction and are scheduled to launch within the coming 3 to 5 years.