Mohammad Abdulaziz Al Rajhi and Sons Investment Co. to open new hotels in Saudi Arabia
Mohammad Abdulaziz Al Rajhi and Sons Investment Co. celebrated its contribution towards the boost in Saudi Arabia’s burgeoning hospitality industry at a board meeting held at the company’s latest hotel project – voco Al Khobar.
Owned by heirs of Sheikh Mohammad Bin AbdulAziz Al Rajhi, the company is working with Intercontinental Hotels Group (IHG) to develop the tourism sector in the Kingdom of Saudi Arabia.
Several new hotels are planned to open in the Kingdom’s largest cities over the next two years. Mohammed AbdulAziz Al Rajhi & Sons Investment Co are leveraging the growth opportunities from the changes currently underway in the hospitality and tourism sector in Saudi Arabia.
“As one of the Kingdom’s leading investment firms, it was important for our latest project to really make an impression in what is becoming a more dynamic and competitive market. We look forward to working with more international partners and to really adding value to the country’s luxury hospitality landscape,” says Badr Bin Mohammed Al Rajhi, managing director & board vice chairman at Mohammad Abdulaziz Al Rajhi and Sons Investment Co.