Thailand-based international hotel owner, operator, and investor, Minor Hotels has signed a Memorandum of Understanding (MoU) with Saudi Arabia’s Tourism Development Fund (Saudi TDF) to jointly develop and operate high-quality hospitality and lifestyle projects focused on mountain resorts, wellness resorts, and urban hotels within the Kingdom.
The establishment of a strategic partnership between the two parties in exclusive regions in Saudi Arabia will see the development of multiple hospitality projects over the next couple of years.
Minor Hotels will act as an operator and partner in each of the projects, which are expected to become distinct destinations in their respective locations.
Mr. Qusai al Fakhri, CEO of Saudi Arabia’s Tourism Development Fund, said that, “This MoU and future partnership with Minor Hotels is a great step forward towards making Saudi Arabia an attractive global tourism destination. We are proud to debut Minor Hotels’ internationally recognizable brands in the Kingdom, bringing prestige to Saudi Arabia’s tourism sector.”
The group’s flagship brands include Anantara, Avani, Tivoli, and Oaks, and hospitality projects under these brands will be established in locations across Saudi Arabia mutually agreed upon by both parties.
According to the statement, the development of these hotels and resorts is consistent with the Kingdom’s National Tourism Strategy (NTS) and in line with the Saudi Vision 2030. The projects will be developed in the targeted tourism destinations specified in the National Tourism Strategy and will be announced soon.
“The signing of this memorandum of understanding with Saudi’s Tourism Development Fund represents a significant step for Minor Hotels, enabling the group to offer a wide variety of products ranging from experiential luxury to serviced apartments, each creating a personalized product for a consumer niche. We look forward to working closely with TDF to bring these projects to fruition and to creating new iconic hospitality destinations within the Kingdom,” commented Mr. Dillip Rajakarier, Group CEO of Minor International and CEO of Minor Hotels.