The Kingdom of Saudi Arabia is expected to deliver 320,000 new hotel rooms – with a development cost of US$37.8 billion – by 2030 as part of its unprecedented investment in infrastructure, tourism transformation and real estate, according to industry data released ahead of the Future Hospitality Summit Saudi Arabia, 29 April to 1 May.
Future Hospitality Summit (FHS) Saudi Arabia has unveiled a stellar line up of speakers and an action-packed agenda with over 1,200 hotel investment decision makers expected to attend at the Mandarin Oriental Al Faisaliah, Riyadh from 29 April to 1 May 2024.
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RIYADH, Kingdom of Saudi Arabia at the Future Hospitality summit (May 24, 2022) Sophos Hotels SA, one of the leading third party Hotel operator in Europe, and AIMS Hospitality a subsidiary of AIMS Holding one of the foremost investors in the hospitality Sector in Saudi Arabia, announced on signing a Memorandum of understanding to launch and develop the first international independent Hotel Management company in KSA, and have initially agreed on developing and operating several properties located in Jeddah and Makkah cities that comprise over 2000 keys