Saudi Arabia is experiencing a surge in hotel construction, with several new projects underway. This growth is due to the Kingdom’s Vision 2030 plan, which aims to diversify the economy and increase tourism. The plan calls for the development of new tourist destinations and the improvement of existing ones, which has led to an increase in demand for hotel rooms.
One of the notable projects is the Jabal Omar Development in Mecca, which is set to become the largest hotel development in the world. The project will consist of 37 towers with a total of 160,000 hotel rooms, apartments, and commercial spaces. The first phase of the project was completed in 2019, with several hotels already open and operational.
The Red Sea Project, located on the western coast of Saudi Arabia, is another significant project. It aims to develop a luxury tourism destination with 50 hotels and 8,000 hotel rooms spread across 22 islands and six inland sites. The first phase of the project is set to be completed by the end of 2022, with the opening of the first four hotels.
The Saudi government is also investing in the development of the city of Riyadh, with several new hotels set to open in the coming years. The city’s King Abdullah Financial District is set to become a major business hub, with several international companies establishing a presence in the area. This is expected to create a demand for business hotels, which will be catered to by the upcoming hotel projects.
In conclusion, Saudi Arabia’s hotel construction surge is a result of the government’s efforts to diversify the economy and increase tourism. The Jabal Omar Development, the Red Sea Project, and the development of Riyadh are just a few examples of the country’s push for growth and development. With these projects and many more in the pipeline, Saudi Arabia is set to become a major player in the global hospitality industry.