Saudi Arabia’s AlUla commission signs resort agreement with Accor

The Royal Commission for AlUla is partnering with Europe’s biggest hotel group Accor to expand and operate the Ashar Resort in the northwest of the Kingdom. (Supplied)
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Updated 09 August 2020

Saudi Arabia’s AlUla commission signs resort agreement with Accor

  • A total of 47 new villas will be added to the 35 existing villas in the resort, bringing the total number to 82 high-end villas
  • The agreement is part of the commission’s strategy to develop AlUla as an attractive tourist destination

LONDON: The Royal Commission for AlUla is partnering with Europe’s biggest hotel group Accor to expand and operate a resort in the northwest of the Kingdom.
The commission’s hotel and tourism sector will extend the Ashar Resort which will be managed by Accor under the Banyan Tree brand.

 


A total of 47 new villas will be added to the 35 existing villas in the resort, bringing the total number to 82 high-end villas.
The agreement, announced on Sunday, is part of the commission’s strategy to develop AlUla as an attractive tourist destination and diversify the Kingdom’s economy as part of Vision 2030.
The project is located in the Ashar valley, 15 kilometers from the Kingdom's first UNESCO World Heritage Site, Hegra.
The CEO of the commission Amr Al-Madani said the partnership “highlights the importance of AlUla as a tourist destination that is able to attract global investment.”
Meanwhile, the Chairman and CEO of Accor Sebastien Bazin said “We are extremely proud to take part in the development of the historic county of AlUla thus celebrating the Kingdom’s vast heritage and culture.”

 


Egypt inaugurates $3.4M hyrdocracking complex to produce petroleum products

Updated 27 September 2020

Egypt inaugurates $3.4M hyrdocracking complex to produce petroleum products

CAIRO: A new hydrocracking complex worth $3.4 million was inaugurated on Sunday by the Egyptian president in a ceremony north of Cairo.

The complex will produce 4.7 million tons of high-value petroleum products as part of Egypt’s ambitious program to enhance its refining industry, a local report said. 

It was established in cooperation with the private sector to produce high-octane gasoline and diesel. It converts low-value diesel into high-quality petroleum products, which include hydrocracking units for diesel, charcoal, vacuum distillation, sulphur treatment and naphtha repair, according to a report by Egypt Today news website. 

Work at the site, located in Musturud of Qalyubia governorate, began in 2011 but was halted due to the political turmoil that broke out that year, the Egyptian president said. 

President Abdel Fatah El-Sisi asked Egyptians to realize “the size of benefits from a complex like this for Egypt in the field of petroleum,” in statements quoted by Youm 7 newspaper.