UAE’s Jumeirah eyes developments within Saudi megaprojects

28/01/2020 Argaam

 

UAE-based hospitality and leisure group, Jumeirah, is planning large developments within Saudi megaprojects, including the $500 billion NEOM and the Red Sea project.

 

“We must be in those locations, but I want to make sure we get the right address. If someone convinces me this is the right address, I will jump into it,” CEO Jose Silva told Arab News on the sidelines of the World Economic Forum annual meeting in Davos.

 

The CEO also revealed that Jumeirah is keen to open hotels in Makkah and Madinah, which he called “preferred entry” points in the Kingdom. “Work has already begun on the sites,” he noted.

 

The group is in contact with Saudi Arabian tourism authorities and potential partners in the Kingdom for the future development work, Silva added.

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