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Opening its Saudi headquarters in Riyadh is IHG Hotels & Resorts

Opening its Saudi headquarters in Riyadh is IHG Hotels & Resorts

In order to transform the hospitality industry and achieve Saudi Arabia’s aims in line with its Vision 2030, IHG has opened a new office in the King Abdullah Financial District. This move is a part of the company’s larger growth plans in the Kingdom. One of the top hotel corporations in the world, IHG® Hotels & Resorts, is quickly growing in Saudi Arabia in line with the nation’s aspirational Vision 2030. As new brands from its global portfolio are introduced in the Kingdom, 50% of the Group’s current Middle East hotel development pipeline is headquartered in Saudi Arabia.

The company’s emphasis on talent development and employment creation is consistent with IHG’s goals for expansion in Saudi Arabia. Saudi nationals make up about 1,700 coworkers, or 44% of the company’s present employment in the nation. IHG hopes to increase this figure by adding 6,000 Saudi citizens by 2030. IHG wants to be a major player in Saudi Arabia’s hospitality industry by making investments in local talent and boosting the economy of the nation.

The recent inauguration of IHG’s Saudi headquarters in Riyadh, which has solidified the company’s role and expansion in the Kingdom, serves as another evidence of the company’s dedication to the KSA. Moataz Kurdi, the Saudi Arabian Ministry of Tourism’s Deputy Minister of Policies and Regulations, attended the formal ceremony.

The office, which is centrally located in Riyadh’s King Abdullah Financial District (KAFD), a mixed-use financial area, will assist the company’s expanding presence and help the Kingdom establish itself as a major player in the world economy.

The substantial expansion of IHG Hotels & Resorts within Saudi Arabia’s borders is a testament to the promising opportunities the Kingdom has to offer, according to Mahmoud Abdulhadi, Deputy Minister of Tourism Destinations Enablement, Ministry of Tourism, Saudi Arabia. This dedication to market investment fits with our vision to establish a vibrant, investor-friendly environment with the goal of promoting economic diversity. In turn, this advances our realization of Saudi Vision 2030.

“As we work towards the ambitious goals of Saudi Vision 2030, including economic diversification, social progress, and cultural enrichment, we are strategically positioning the Kingdom to become a top global destination for travelers from all over the world,” said Moataz Kurdi, Deputy Minister of Policies and Regulations, Ministry of Tourism, Saudi Arabia, at the occasion. Our shared dedication to Saudi Vision 2030 is reflected in IHG Hotels & Resorts’ commitment to this vision, which is demonstrated through the inauguration of their Saudi Headquarter in Riyadh. The Kingdom’s tourism industry will grow faster as a result of these actions, which will also considerably advance our objectives for economic expansion and development and strengthen Saudi Arabia’s standing on the global stage.

“Saudi Arabia stands as a primary focus for IHG, and our decision to establish a stronger local presence in the country through the new country headquarter in Riyadh reinforces our commitment to this dynamic region,” said Haitham Mattar, Managing Director of IHG Hotels & Resorts for SWA, Middle East, and Africa. IHG has put a lot of effort into creating business plans and strategies that support the vision of Saudi Arabia’s leadership in order to fulfill the nation’s aspirations for economic and tourism growth. With a strong economy, a rich cultural legacy, and rising visitor numbers, the Kingdom has numerous chances for the hotel industry to expand and flourish. IHG’s position as one of the top hospitality firms in the nation will be cemented by this crucial milestone in our expansion in The Kingdom of Saudi Arabia.

“The opening of our new office in Riyadh signifies IHG’s expanding presence in the country, with half of our hotels in the Middle East pipeline set to open doors in the Kingdom,” continued Maher Abou Nasr, VP Operations, Saudi Arabia, IHG Hotels & Resorts. IHG is dedicated to becoming a part of KSA’s success story as the astute Saudi leadership ramps up its Saudization efforts to support local talent development.

With 32 hotels already in the works and 40 hotels now functioning, Saudi Arabia is a strategic market for IHG in the Middle East. A Kimpton in the King Abdullah Financial District (KAFD), a Hotel Indigo property called Oxagon, NEOM, an MDA to open 12 “Next Generation” Holiday Inn Express hotels around the nation, and more have recently signed contracts in the Kingdom.

Source- Travel daily


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