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NewsIstithmar Holding announces the acquisition of a business package for three hotels in the Red Sea

Istithmar Holding announces the acquisition of a business package for three hotels in the Red Sea

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Investment Holding Company Q.P.S.C. announced that its subsidiary "commercial elegansia arabian" Has secured the MEP package for the Central Hotel (430 rooms) in Al Shura Island and two hotels on the eastern side of the island (150 and 180 rooms). The three resorts are part of 11 resorts under construction on the Red Sea’s main island hub in the Kingdom of Saudi Arabia.

The project holds a LEED Platinum rating and features a built-up area of ​​88,269 square meters. It represents one of the largest developments in the Kingdom and a flag bearer of renewable tourism worldwide. The project "Red C" It is the first tourism project of its kind and size, to be designed and built to be powered by renewable solar energy in line with the strict responsible commitments of the Red Sea International Company.

commit "Elegancia Arabian Trading Company" adopts innovative, energy-efficient and environmentally friendly solutions throughout its performance of its award-winning MEP package work, in line with industry-leading guidelines in LEED certification for energy and environmental design.

Company communication "Red Sea International" Setting new standards as it contributes to the Kingdom’s focus on sustainability, which is evident in the work of the Saudi Green Initiative and an integral part of the goals of Vision 2030. The ongoing construction work, supported by a renewed approach to tourism development, is an important part of building the global legacy of the Red Sea and supporting the realization of the Saudi vision .

This requires experienced partners, who share the same vision to choose to do better and challenge the status quo of business as usual. at this juncture "Elegancia Arabian Trading Company" and Investment Holding Group Q.P.S.C (Qatar) We are pleased to have the opportunity to play our part in presenting this unique project and creating a new gateway to explore the rich diversity and hospitality that characterizes the Kingdom of Saudi Arabia.

This project represents a major step in Istithmar Holding’s expansion in the Kingdom of Saudi Arabia.

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Arab Desk
Arab Desk
The Eastern Herald’s Arab Desk validates the stories published under this byline. That includes editorials, news stories, letters to the editor, and multimedia features on easternherald.com.

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