InterContinental Hotel & Residences in the Riyadh North — Photo by IHG

IHG® Hotels & Resorts, one of the world's leading hotel companies, has announced the signing of a Management Agreement with Al Ajlan Company for InterContinental Hotel & Residences in the Riyadh North area. Set to open by 2028, the prestigious 400-key hotel and serviced apartments will form part of a state-of-the art masterplan comprising of high-end retail, offices and entertainment. The hotel will reflect the modern luxury philosophy and will strengthen IHG's offering in the segment.

Saudi Arabia represents significant potential for tourism and hospitality industry, as part of its Vision 2030 ambitions. While Riyadh has long been and continues to be a centre for business in the Kingdom, new developments in the north of the city, including the Boulevard, U-Walk, and Riyadh Seasons herald a new demand for leisure tourism as well.

In addition to rooms designed with modern aesthetics, the hotel will feature distinctive dining options, multipurpose meetings and events rooms, a health club and a spa. Located in proximity to the airport, the hotel will also be strategically positioned to cater to business and leisure demand.