RIYADH: Accor is set to open a new Fairmont property in Saudi Arabia on the Ajdan Waterfront development in Al-Khobar.
With an opening date expected for 2023, the hotel will feature 160 rooms and serviced apartments.
"This prestigious destination is known to be one of the most desirable leisure attractions for visitors and residents of the Eastern Province in Saudi Arabia,” said Abdullah AlFozan, chairman of Ajdan Real Estate Development Company.
Saudi Arabia has the world’s biggest hotel pipeline, according to STR data. The hotel research group said the country’s expected 67.1 percent increase in room supply over the next three years is the highest among the 50 most populated countries.
The new Fairmont planned for Al-Khobar will be part of the Ajdan Waterfront mixed-use development, featuring retail, commercial, residential, and entertainment components. It will be located close to the Saudi Aramco headquarters as well as the King Abdulaziz Cultural Centre and Airbase, King Fahd University of Petroleum & Minerals, and various malls and attractions in the city.
It is also in the vicinity of the King Fahd Causeway, which connects thousands of passengers from Al-Khobar to Bahrain.
Accor currently operates 39 properties with 14,314 rooms in the Kingdom with a pipeline of 33 properties.