Jeddah: Saudi Arabia’s historic and cultural palaces are being developed and converted into luxury hotels. Amir Mohammed bin Salman, Crown Prince and Chairman of the Public Investment Fund, announced the launch of the ‘Boutique Group’.
The Crown Prince said the plan was to renovate and develop palaces that are historically and culturally relevant to the country and turn them into luxury boutique hotels. It aims to revitalize the vibrant national heritage along with the authentic culture of the country and to create an extraordinary and unique hospitality experience. This will be done in collaboration with private investors. The first phase of the project aims to develop three historic sites. Alhamra Palace in Jeddah, Tuwaiq Palace in Riyadh and Red Palace are now being converted into luxury hotels. The Alhamra Palace in Jeddah will have 77 rooms, including 33 luxury suites and 44 luxury villas. The Tuwaiq Palace in Riyadh will have 96 rooms, including 40 luxury suites and 56 luxury villas. The Red Palace in Riyadh will have 71 rooms, including 46 luxury suites and 25 luxury guest rooms.
The ‘Boutique Group’ integrates the authenticity and modern lifestyle of the country’s cultural and heritage values to provide a unique hospitality experience that enriches the country’s luxury hospitality sector and contributes to the development of the local economy. The company offers a number of options for the best international restaurants.
The latest entertainment venues will provide a relaxing atmosphere. The Crown Prince also said that special services will be provided to each guest. Treasury Governor Yasir Al-Rumayan said the announcement of the Crown Prince’s Boutique Group was a confirmation of the role of the public investment fund in developing the promising areas of the country. This is part of a move to diversify the Saudi economy. It will also help in diversifying the tourism potential of the Saudi market. The Governor of the Saudi Investment Fund said that in line with Vision 2030’s goals, the country will further enhance its position as a leading tourism and cultural hub, both locally and internationally.
