‘Centro by Rotana’ opens second Saudi hotel in Riyadh

Centro Waha Riyadh Hotel
Updated 22 October 2017

‘Centro by Rotana’ opens second Saudi hotel in Riyadh

Rotana, a leading hotel management company in the region with hotels across the Middle East, Africa and Turkey, and SHUAA Capital Saudi Arabia (SCSA), a leading investment manager, have announced the opening of the Centro Waha Riyadh Hotel. This is the second hospitality project to be developed courtesy of the Shariah-compliant SHUAA Saudi Hospitality Fund I and under the Centro by Rotana brand in the Saudi market.
The new hotel includes 290 rooms, studios and hotel suites.
During the official opening ceremony, the CEO of SHUAA Capital Saudi Arabia, Omar Al-Jaroudi, noted that after the opening of Centro Shaheen in Jeddah last year, Centro Waha Riyadh is another significant milestone in the successful strategic partnership between SHUAA Capital Saudi Arabia and Rotana.
“The new hotel is the embodiment of our long-term vision for the Saudi hospitality market which is undergoing a period of rapid growth. Our partnership with Rotana has already proved to be a winning formula and we look forward to building on this success with the opening of more Centro hotels across the Kingdom,” Al-Jaroudi said.
Vice Chairman of Rotana Selim El-Zyr, said: “Today, we are proud and happy to participate in the Kingdom’s development journey, as we seek to contribute to the realization of the ambitious Vision 2030 and achieve the goals of the National Transformation Program 2020, which entails the activation of the Kingdom’s regional and global role as a commercial and economic center, as well as a destination for tourists and investors alike,” he said.
El-Zyr added: “The opening of Centro Waha in the capital Riyadh will support the showcased hotel rooms offering, and will also support the diversification of hotel products in the Kingdom’s hospitality sector.”
President and CEO of Rotana Omer Kaddouri said: “The new hotel is a unique part of Rotana’s eventful journey in the Saudi market. Business travel and accommodation for the budget-conscious executive is an increasingly important market and the Centro concept is specifically designed to cater to this rapidly expanding market. Appealing to large corporate entities, small and medium business owners, and individual travelers, Centro by Rotana is an ‘Essential Service’ hotel brand, which is much needed in the Kingdom.”

Labor ministry partners with Al-Nahdi to train Saudis

Updated 26 April 2018

Labor ministry partners with Al-Nahdi to train Saudis

The Makkah region branch of the Ministry of Labor and Social Development (MLSD) has signed a nationalization agreement for the Saudi pharmacies sector with Al-Nahdi Medical Company.

The agreement covers preparing and qualifying young Saudi men and women for the labor market, by providing training programs offered by Al-Nahdi Medical Company at their school, Al-Nahdi Academy.

The signing ceremony was held in the presence of Abdallah bin Ahmed Al-Tawi, director of the Makkah region branch of the Ministry of Labor and Social Development, and Youssef Al-Harthi, who attended on behalf of Al-Nahdi Medical Company’s CEO Yasser Jawhergi.

The agreement comes under Al-Nahdi’s strategy, which is in line with the Saudi Vision 2030. Al-Nahdi aims to expand its community-health services in cooperation with the Ministry of Labor and Social Development. The company said it also aims to activate the role of the private sector in supporting Saudization programs, while creating real and sustainable opportunities for the Saudi youth to play an important role in the cultural and societal progress that the Kingdom is witnessing.

Al-Tawi said the initiative aims to enforce related decisions and programs that empower the Saudi youth to embark on their careers and enhance public-private partnerships.

“Through this agreement with Al-Nahdi company, we also seek the nationalization of the private sector in the different regions of the Kingdom, along with increasing the percentage of the national working force in the labor market by enabling effective partnerships with the private sector,” he said.

Jawahergi highlighted the importance of the agreement in light of the Kingdom’s road to national transformation. “We are committed to creating a sustainable and advantageous work environment for our citizens and society. Our goal is to achieve a real partnership between the public and private sectors, in order to support the Saudi youth of both genders, and create new nationalization opportunities,” he said.

Jawahergi added: “This initiative is considered to be one of the most important initiatives in line with the Saudi Vision 2030, as it establishes an effective and real partnership between the members of our society.”

Al-Nahdi is a Saudi retail pharmacy chain that was founded by Sheikh Abdullah Amer Al-Nahdi in 1986 as a sole proprietorship.