Dur Hospitality Company has signed up Al Murshid Contracting Group for the expansion and development of the Rixos Jeddah Resort, which is billed as a premium, 174-room property in the city of Jeddah in Saudi Arabia.
In a filing to the Saudi bourse Tadawul, Dur Hospitality said the contract is worth $48.5mn and that Al Murshid has been tasked with transforming the resort into a premier luxury hospitality destination in Jeddah. The timeline for completion of work is within 18 months, the statement added.
Once complete, the resort will feature two restaurants, a health club, swimming pool, an integrated children’s club and banquet halls, in addition to gardens and outdoor infrastructure.
The expansion and development of the resort comes as part of Dur Hospitality’s strategic plan to enhance its position and leadership in the Kingdom’s hospitality sector, and is in line with efforts to improve the quality of life under Saudi Arabia’s Vision 2030 programme.
The expected positive financial impact of this contract will start from the last quarter of 2023, the developer said.
