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  1. Mubasher News
  2. Saudi Arabia increases hotel capacity with over 1,000 hotel rooms

Saudi Arabia increases hotel capacity with over 1,000 hotel rooms

NOHA.GAD
May 12, 2025
The opening day of the Future Hospitality Summit witnessed the signing of several high-profile deals to add more than 1,000 new hotel rooms

Riyadh - Sharikat Mubasher: The opening day of the Future Hospitality Summit 2025 witnessed the signing of several high-profile agreements to add over 1,000 new hotel rooms, in a move to boost the Saudi hospitality sector.

The agreements included new developments in Jeddah, Madinah, and Qassim, underscoring sustained investor confidence in the Kingdom’s ambitious tourism expansion plans.

BWH Hotels announced its partnership with Optimal Real Estate and Rsoukh Trading Company to develop five new properties in Jeddah and Madinah as part of its regional expansion strategy.

Under this partnership, BWH Hotels will establish a 540-room Best Western Premier property in Madinah and a luxury WorldHotels Elite property on King Road in Jeddah, featuring 215 guest rooms and 300 office units.

Three additional hotels will be introduced under BWH’s SureStay brand, its economy and midscale portfolio, including two SureStay Studios and one SureStay Hotel.

Further, Amsa Hospitality revealed a new four-star hotel in Qassim in collaboration with Alkayan Alarabi. The new hotel will be located within the Al-Kayan Avenue mall and will feature 174 keys, including suites, meeting rooms, a gym, two restaurants, and a spa.

IHG Hotels & Resorts and Ashaad Company also signed an agreement to develop three new hotels in Jeddah and Alkhobar.

The Future Hospitality Summit 2025 takes place from 11 to 13 May with the participation of 37 countries and 150 speakers. It brings together more than 1,000 global tourism leaders, investors, and operators to showcase the industry’s growing focus on talent development.

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Saudi Arabia increases hotel capacity with over 1,000 hotel rooms
Riyadh - Sharikat Mubasher: The opening day of the Future Hospitality Summit 2025 witnessed the signing of several high-profile agreements to add over 1,000 new hotel rooms, in a move to boost the Saudi hospitality sector.The agreements included new developments in Jeddah, Madinah, and Qassim, underscoring sustained investor confidence in the Kingdom’s ambitious tourism expansion plans.BWH Hotels announced its partnership with Optimal Real Estate and Rsoukh Trading Company to develop five new properties in Jeddah and Madinah as part of its regional expansion strategy.Under this partnership, BWH Hotels will establish a 540-room Best Western Premier property in Madinah and a luxury WorldHotels Elite property on King Road in Jeddah, featuring 215 guest rooms and 300 office units.Three additional hotels will be introduced under BWH’s SureStay brand, its economy and midscale portfolio, including two SureStay Studios and one SureStay Hotel.Further, Amsa Hospitality revealed a new four-star hotel in Qassim in collaboration with Alkayan Alarabi. The new hotel will be located within the Al-Kayan Avenue mall and will feature 174 keys, including suites, meeting rooms, a gym, two restaurants, and a spa.IHG Hotels & Resorts and Ashaad Company also signed an agreement to develop three new hotels in Jeddah and Alkhobar.The Future Hospitality Summit 2025 takes place from 11 to 13 May with the participation of 37 countries and 150 speakers. It brings together more than 1,000 global tourism leaders, investors, and operators to showcase the industry’s growing focus on talent development.
Saudi Wyld VC launches $50mn fund to back early-stage AI startups
Riyadh - Sharikat Mubasher: The Saudi-based Wyld VC, one of the first AI-focused funds to emerge from the Middle East and North Africa (MENA) region, launched a $50 million fund to invest in early-stage AI startups across MENA and the San Francisco Bay Area.The fund, backed by billionaire Lawrence Golub’s family office, will focus on early-stage companies, aiming to develop ties between GCC countries and the US and help accelerate AI development, a recent statement revealed.The fund is expected to close its first deals after the visit of US President Donald Trump to the Middle East.Tala Al Jabri, Founder of Wyld VC, said: “We are at a generational inflection point where the Bay Area’s technical breakthroughs need allies and partners who can help them accelerate their growth, and the GCC is uniquely positioned to provide both. The Middle East sees AI as the next oil.”She emphasized that the fund’s mission goes beyond just financial backing; it also aims to address the region’s biggest gap: AI talent.Moreover, the fund aims to empower founders with the tools, knowledge, and networks they need to thrive, providing them with access to the global tech talent pool and the best resources Silicon Valley has to offer.It is worth mentioning that Wyld VC plans to establish offices in the UAE and Silicon Valley.
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