Hilton and the King Abdullah Financial District Development and Management Company (KAFD DMC) have reached an agreement for a 450-room hotel within Riyadh’s King Abdullah Financial District.
The hotel management contract was finalised during the ninth Future Investment Initiative in Riyadh.
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The upcoming property, Hilton Riyadh King Abdullah Financial District, will be situated adjacent to the area’s conference centre, providing direct access to businesses and cultural spaces through a system of climate-controlled skywalks.
The location will also connect to the forthcoming monorail and Riyadh Metro, facilitating links across the city. The site is also 25 minutes from King Khalid International Airport.
Plans indicate that the hotel will contain a range of guest rooms and suites in addition to dining options such as a lobby café, all-day dining venues, speciality restaurants, and a poolside terrace.
Facilities will include a fitness centre, a health club, and 900m² of meeting space, with boardrooms and an executive lounge aimed at corporate and social event organisers.
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By GlobalDataKAFD DMC board chairman Saad Abdulaziz Alkroud said: “We are excited to partner with Hilton to enhance KAFD’s hospitality offering and firmly establish the district as a major destination for both business and leisure travellers.
“KAFD’s growing hospitality offering demonstrates our commitment to enabling Vision 2030 by developing world-class infrastructure to drive the growth of tourism in the Kingdom.”
KAFD DMC aims to enhance its hospitality portfolio by securing international hotel brands as part of its strategy for the district, which combines office spaces, homes, retail outlets, and venues in an integrated urban setting.
The district currently houses more than 140 office tenants and 19 regional headquarters.
KAFD DMC managing director John Pagano said: “The hotel will complement KAFD’s integrated ecosystem of offices, residences, retail, and event venues, providing seamless convenience for visitors and residents.”
Hilton presently manages 21 hotels across Saudi Arabia and has announced plans for a further 83 properties in development.
The company’s ongoing expansion aligns with efforts to support Saudi Arabia’s Vision 2030 strategy by deepening its presence within the kingdom’s hospitality sector.
The new establishment adds to an expanding mix of hotels and related services targeting business, leisure, and conference visitors.
Hilton president and CEO Chris Nassetta said: “Hilton Riyadh King Abdullah Financial District represents an exciting step for Hilton in Saudi Arabia. Our growth in the kingdom has accelerated significantly in recent years, and with over 100 hotels trading and in the pipeline, we remain confident in the country’s inspiring future.”
