Rotana opens new Saudi Arabia hotel

By Bizclik Editor

Rotana has opened the Centro Shaheen Jeddah – its newest hotel in Saudi Arabia – in conjunction with SHUAA Capital, the fund manager and developer.

The Saudi Vision 2030 blueprint for the future of the country, which supports the development of a diverse economy, highlights the importance of the hotel and tourism sector as a significant source of investment, while promising job opportunities in a series of sweeping economic reforms.

Nasser Al Nowais, Chairman of Rotana Hotel Management Corporation, said: “Hospitality is regarded as the economic sector in the Kingdom with the greatest potential for growth and for becoming engines for job growth to benefit young Saudis.The government has put its weight behind the development of this sector and we are extremely optimistic regarding the role that Rotana will play. The tourism sector is expected to be a major growth industry in the Kingdom for the foreseeable future, growing in line with predictions for the hospitality industry in GCC countries, which show an annual growth rate of 9.5 percent. We are working hard to be a major player in the global tourism sector, especially with several hotels being launched this year, including the five-star Rosh Rayhaan by Rotana in Riyadh.”

Centro Shaheen Jeddah features 252 rooms and studios, two meeting rooms, a gymnasium and a rooftop swimming pool. 

Follow @BusinessRevME

Read the October 2016 issue of Business Review Middle East magazine

Share

Featured Articles

Colliers MENA CEO Raja Alameddine on leadership and strategy

As the just appointed CEO of Colliers MENA, real estate veteran Raja Alameddine talks strategy, leadership style, and skills critical for today’s C-Suite

Top 10 outsourcing companies in the world

The Time Doctor OA500 index – compiled by Time Doctor and Outsource Accelerator – has ranked the biggest outsourcing providers in the world

Red Sea Global: Building sustainable tourism in Saudi Arabia

Luxury property developer Red Sea Global is transforming Saudi Arabia into an incredible, sustainable tourism destination. We speak to the CEO John Pagano

Leena Nair – from Unilever people pioneer to CEO of Chanel

Leadership & Strategy

Top 10 female CEOs of the Fortune Global 500

Leadership & Strategy

UAE cyber leaders told to go on the attack against hackers

Technology