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Rixos Jeddah Resort
Overview
Expanding and upgrading a resort under Rixos brand, formerly known as Makarem Annakheel Village, located on the north Obhur Gulf, Jeddah. the village will be transformed it into an integrated resort, includes feature a luxury five-star hotel, 174 rooms and 73 villas , in addition to state-of the-art amenities including a wedding hall, three conference halls, a health club for women and men, a beauty parlor, as well as a fitness center, a children’s integrated club, and several swimming pools.
Project Information
Real Estate
- Real Estate > Landlords and developers
181.70 (Million Riyal) * Estimate:
247 units
Saudi Arabia
Jeddah
northern Obhur bay
Under Construction
2022
2024
- Dur Hospitality Co. owns a 98.73% stake in Annakheel for Tourist Areas Company.
- In Q4 2021, the company announced that all developments will be in accordance with the standards adopted by Rixos brand.
-
In Q4 2021, the company signed an agreement with Accor to manage and operate the project under Rixos brand (formerly known as Makarem Annakheel Village). The project is expected to be completed by the end of 2023.
- The company announced signing a SAR 181.7 million contract with Al Murshid Contracting Group for the expansion and refurbishment of 174 hotel rooms, including the revamping of the gardens, outdoor infrastructure and swimming pools,In Q2 2022.
- On March 1, 2023, the company announced that it fast-tracked the work to complete the project, and it is scheduled to open in the beginning of 2024.
-
Owners
Name
Percentage
Related Parties
Name
Role
Indirect Owner
Administration Officer
Al Marshad Contracting Co.
Contractor
Project Developments
TASI-listed firms' project pipeline for 2024Argaam Special07/01/2024
Tadawul-listed firms’ pipeline of projects, expansion plans for 2023Argaam Special03/01/2023
Dur says 2022 results reflect robust Saudi economy, improves diverse pipeline of hotel, real estate projectsArgaam01/03/2023
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