Shangri-La Hotels eyes Saudi Arabia expansion with Riyadh, Red Sea
Executive VP for the Middle East reportedly said the Shangri-La hotel in Jeddah was also at 'an advanced stage of construction'
Shangri-La Hotels is reportedly exploring plans to build two resort-styled properties on Saudi Arabia’s Red Sea coast and in Riyadh, with the company's executive vice president for the Middle East, India, and the Indian Ocean, John Northen, stating that a 65-storey property in Jeddah, due for launch in 2020, was “in an advanced stage of construction”.
Speaking to Construction Week’s sister title Arabian Business, Northen added: “At this point, we are looking at further opportunities in Saudi Arabia, besides Jeddah.
“We do get approached quite often for potential developments and I think there will be a lot of [projects]. Saudi Arabia has some very untapped natural landscape and interesting archaeological sites and marine and ocean life.”
Northen added that the group also had expansion plans in place for other Middle East markets, such as Oman and the UAE.