SDC inks deal with Sumou to develop luxury hotels in Al Khobar

Sun, 01 Nov 2026

Saudi Downtown Company (SDC), a key unit of the kingdom's sovereign wealth fund PIF, has signed an agreement with Sumou Investment Company to explore the establishment of a real estate fund to develop five- and four-star hotels and serviced hotel apartments within its Downtown Al Khobar project.

IHG strengthens Saudi footprint with new hotels in Riyadh, Al Khobar

Tue, 18 Nov 2025

IHG Hotels & Resorts has signed a dual management agreement with Mosa bin Abdul Aziz Al-Mosa and Sons Real Estate Holding. The signing will see the launch of Crowne Plaza Al Khobar Al Bandariyah (232 keys) and Holiday Inn Riyadh Rose Yard (106 keys).