KAEC sold 29,000m² of its land to Vivienda for the resort’s construction. Credit: Miguel Couto on Shutterstock.com.

King Abdullah Economic City (KAEC) in Saudi Arabia has entered a partnership with hospitality brand Vivienda to build a new luxury resort within KAEC.

As per the agreement, KAEC sold 29,000m² of land to Vivienda for the construction of the resort and once opened, this property will be the sixth location for Vivienda, which is owned by Forus Real Estate Investment and Development Company.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The new resort will consist of a 60-key boutique hotel, 20 villas, 24 serviced apartments and other amenities and facilities such as restaurants, outdoor pools, recreational lounges, and gyms.

Guests can also access personalised services, including in-villa dining, chauffeurs, private butler service and a concierge.

KAEC CEO Cyril Piaia said: “We are thrilled to welcome Vivienda to KAEC. This partnership aligns with our strategic vision to enhance the tourism sector and augment our existing assets.

See Also:

“KAEC, situated by the pristine waters of the Red Sea, is a multi-faceted lifestyle residential communities, tourist, entertainment and leisure destination catering to visitors and residents of all ages.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“Our strategy involves working with esteemed third-party operators like Vivienda to create exceptional experiences and further position KAEC as a global tourism hub.”

Forus Real Estate CEO Mohammed AlMalik said: “We are delighted to make KAEC the new home of our newest location. KAEC’s strategic location, advanced infrastructure and investor-friendly regulations make it an ideal platform for realising our vision.

“We are confident that our luxury resort will provide an exceptional experience for our guests, incorporating the highest standards of privacy and comfort within the Kingdom’s captivating cultural ambience.”