What is the new hospitality company KEC and Archipelago are forming in Madinah?

KEC and Archipelago International are forming a new hospitality management company to develop a Saudi hotel brand and manage hotel assets in Madinah.

How many rooms will the first hotel project in Madinah have?

The first hotel project in Madinah under the new joint venture will feature approximately 2,500 keys.

What is Archipelago International's role in the new Madinah venture?

Archipelago International, a large hotel management group, will hold an equal share in the new company and contribute its operational expertise.

Home / Business and Economy / Madinah Set for Mega Hotel Venture

Madinah Set for Mega Hotel Venture

8 Dec

•

Summary

KEC and Archipelago International formed a joint venture.
New company will develop a Saudi hotel brand.
Madinah hotel to feature approximately 2,500 keys.

Knowledge Economic City (KEC) and Archipelago International have joined forces to create a new hospitality management company based in Madinah, Saudi Arabia. This strategic joint venture will see both companies holding equal stakes, focusing on the development and management of hotels within KEC's projects.

The new entity is set to launch a distinct Saudi hotel brand, with its inaugural project being a substantial hotel in Madinah comprising approximately 2,500 keys. This development represents a significant addition to Saudi Arabia's hospitality landscape and aligns with national efforts to diversify the economy.

This partnership also emphasizes job creation and the development of national talent within the tourism sector. Archipelago International, a major player in Southeast Asia's hospitality industry, brings extensive operational expertise to this venture, which has the potential for future expansion across Saudi Arabia.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.

Madinah Set for Mega Hotel Venture

8 Dec

•

Summary

KEC and Archipelago International formed a joint venture.
New company will develop a Saudi hotel brand.
Madinah hotel to feature approximately 2,500 keys.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.