IHG Hotels & Resorts, a leading hotel company, has announced the signing of a Management Agreement with The Red Sea Development Company (TRSDC), an affiliate of Saudi Arabia’s Public Investment Fund (PIF) to open the InterContinental Resort Red Sea in the Kingdom. 

 

Situated within the Red Sea Development destination, the new InterContinental Resort is scheduled to open during Phase One of The Red Sea Project’s development. Activity for the first phase of development is well underway and is on track to be completed by the end of 2023.

 

IHG Managing Director, India, Middle East & Africa Haitham Mattar said: “With a strong legacy in the country, we remain committed to leveraging the growth opportunities that are aligned with Saudi’s Vision 2030 and the priority destinations highlighted within the Saudi Tourism Strategy. 

 

"We are excited to partner with The Red Sea Development Company to strengthen our offering in Saudi Arabia and collaborate on sustainability-related initiatives to protect the natural, historical and cultural environments of this destination. We also look forward to building scale in the Kingdom to deliver a landmark development that will cater to the needs of diverse guest profiles.”

 

The announcement comes during Intercontinental Hotel’s and Resorts’ diamond anniversary celebrations. The brand has become synonymous with exploration, travel and cultural discovery and the InterContinental Resort Red Sea will exemplify these attributes.

 

Each of the resort’s 210 sea-facing rooms will provide immediate beach access; allowing guests to step out on to the sands of the Red Sea from the terrace. The resort will also feature seven different gastronomic experiences, sprawling pools and recreational facilities, a spa, a health club, and meetings and events spaces.

 

John Pagano, CEO, The Red Sea Development Company and Amaala, said: “Given IHG’s expertise and strong legacy in the Kingdom, we are delighted to partner with them to bring world-class hospitality to our guests at The Red Sea Project. IHG is the ideal partner to build our hospitality offerings. 

 

"With their understanding of the local landscape, high standards of quality, their service and focus on sustainability and responsible travel, we are confident that this partnership will see best-in-class results and we look forward to welcoming guests to this leisure destination.”

 

IHG currently operates 37 hotels in Saudi Arabia across five brands including InterContinental, Crowne Plaza, Holiday Inn, Staybridge Suites and voco. A further 23 hotels are in the development pipeline, due to open within the next three to five years.-TradeArabia News Service