Spanish hospitality giant Melia Hotels International will operate a resort in Saudi Arabia.
The Ministry of Tourism sponsored the signing of an agreement between Sumou Holding Company and Melia Hotels International to operate a beach resort within the Ajwan “multi-facilities and destinations” Resort, with an estimated value of up to SR1.5bn ($400m).
This initiative is part of the Real Estate Future Forum activities in Saudi Arabia.
Melia Hotels International signs Saudi deal
Present at the signing ceremony was the Undersecretary of the Ministry of Tourism for the Empowerment of Tourist Destinations, Mahmoud Abdulhadi.
The Undersecretary of the Ministry of Tourism stated that the ministry’s sponsorship of this agreement aims to bolster its active role in promoting investments in the tourism industry.
He emphasised the ministry’s commitment to supporting projects that contribute to enhancing the Kingdom’s standing as a global tourist destination.
Additionally, he highlighted that the signing of the memorandum of understanding (MoU) represents a significant step towards the development of the Eastern Province as a prominent tourist destination.
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