IHG® Hotels & Resorts 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 of Saudi Arabia. Situated within the premium 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 underway and is on track to be completed by the end of 2023.
Set within one of the world’s most ambitious luxury tourism developments, each of the resort’s 210 rooms will provide immediate beach access, allowing guests to step out onto the sands of the Red Sea from the terrace. Moreover, the resort will feature seven different gastronomic experiences, sprawling pools and recreational facilities, a spa, a health club, and meeting and events spaces for leisure and business travelers and groups.
Haitham Mattar, managing director, India, Middle East & Africa of IHG, 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, one of the world’s most ambitious regenerative projects, to strengthen our offering in Saudi Arabia and collaborate on sustainability related initiatives to protect the natural, historical and cultural environments that make this destination unique. These initiatives are in line with IHG’s Journey to Tomorrow, a 10-year action plan focused on commitments to drive change for people, communities and the planet.”
John Pagano, CEO, The Red Sea Development Company and Amaala, said: “Given IHG’s global 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, shaping guest experience and taking it to the next level. With their understanding of the local landscape, high standards of quality, their impeccable service and clear 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 luxury 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.
