Mövenpick Hotels & Resorts has signed an agreement with real estate and investment company Hadia Abdul Latif Jameel Group for its first hotel and apartment property in Jeddah, Saudi Arabia, said a report.

Scheduled to open in 2017, the Swiss hospitality firm will manage the 164-unit Mövenpick Hotel & Apartments Al Tahlia Jeddah, which will be located next to Jameel Square, a Grade-A office building also developed by the Hadia Abdul Latif Jameel Group, that is occupied by local and multinational blue-chip corporate tenants, the Saudi Gazette reported.

The property, part of a high-profile mixed-use development, features well-apointed suites, an all-day-dining outlet, a casual fine-food Indian restaurant, a gym with two spa treatment rooms, and four meeting rooms.

The hospitality group plans to increase its footprint in Saudi Arabia by one-third, from a current 10 properties (3,907 keys) to 15 (5,204) by 2018, the report said.

Upcoming projects include Mövenpick Hotel City Star Jeddah, opening this year, Mövenpick Residences Al Khobar (2017), Mövenpick Hotel Financial District Riyadh (2017) and Mövenpick Hotel Heraa Jeddah (2018).