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FINANCIAL NEWS
Ascott, Bathel Alkhair agree on project in Riyadh
27 Jul 2016
(MENAFN) Ascott, a leading service residence owner-operator, is seeking to expand its operations in Saudi Arabia with plans for The Ascott Villas Riyadh.
The company signed an agreement with Bathel Alkhair Establishment for Trading and Real Estate recently, putting the project on track to start by November 2017.
Cited in the prestigious Hittin district, north of Riyadh, the property will boast a new type of serviced residence experience, combining luxuriously furnished villas with Ascott’s award-winning hospitality service.
Moreover, the Ascott Villas is located close to the upcoming King Abdullah Financial District (KAFD), which has been billed as Riyadh’s new central business district and is the future home of the Saudi Stock Exchange.
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