DUBAI Saudi actual property Co 4020.SE has agreed with U.S.
company Starwood inns and lodges (warm.N) to construct two accommodations
subsequent to a district of Riyadh which the authorities plans to turn into an
global commercial enterprise sector.
Starwood will manage a five-celebrity resort under its
Westin logo and a 4-big name inn underneath its detail logo, Saudi actual
property, which owns the land, stated on Sunday without giving information of
construction plans.
The venture will be adjacent to the multibillion-dollar King
Abdullah monetary District, the corporation stated. The district changed into
launched in 2006 to house banks and the economic regulator however has
struggled to attract tenants.
The government stated in April that it would rescue the
monetary district through remodeling it right into a special enterprise sector
with competitive regulations, visa exemptions for foreigners running there, and
direct connections to Riyadh's
global airport.
No comments:
Post a Comment