King Abdullah Economic City has signed an agreement with Vivienda to develop a new luxury resort, adding to Vivienda’s six prime locations in the Kingdom.
The agreement involves the sale of 29,000 square meters of land by KAEC to Vivienda for the development of their resort. The resort will offer a mix of 60 keys boutique hotel, 20 luxury villas and 24 serviced apartments, all designed to provide guests with maximum privacy, comfort, and impeccable service.
The resort will also feature bespoke amenities and facilities such as restaurants, outdoor pools, recreational lounges and gyms. Moreover, guests will be able to enjoy personalised services such as in-villa dining, chauffeurs, a dedicated butler service, and concierge.
The resort will be located on a stunning shoreline spanning 275 meters, overlooking the pristine waters of the Red Sea. The resort will enhance the tourism sector in KAEC, which is a multi-faceted lifestyle residential communities, tourist, entertainment, and leisure destination catering to visitors and residents of all ages.
KAEC is an emerging destination centrally situated on the Saudi Arabian coast of the Red Sea.
Located a short distance north of the commercial capital Jeddah, KAEC is a 185-square kilometer city anchored by King Abdullah Port—recently named by the World Bank as the most efficient port in the world—and KAEC Industrial Valley, which is focused on developing the Kingdom’s logistics and light manufacturing capacities. Over 100 multinational and Saudi companies have already established a home in KAEC.
A Strategic Partnership for Vision 2030
Cyril Piaia, CEO of KAEC, expressed his enthusiasm about the collaboration, stating, “We are thrilled to welcome Vivienda to King Abdullah Economic City. This partnership aligns with our strategic vision to enhance the tourism sector and augment our existing assets. Our strategy involves working with esteemed third-party operators like Vivienda to create exceptional experiences and further position KAEC as a global tourism hub.”
Dr. Mohammed AlMalik, CEO of Forus Real Estate, the parent company of Vivienda, commented on the agreement, saying, “We are delighted to make KAEC the new home of our newest location. KAEC’s strategic location, advanced infrastructure, and investor-friendly regulations make it an ideal platform for realizing our vision. We are confident that our luxury resort will provide an exceptional experience for our guests, incorporating the highest standards of privacy and comfort within the Kingdom’s captivating cultural ambiance.”
The development of the Vivienda resort in KAEC not only expands the hospitality brand’s footprint but also contributes significantly to the goals outlined in Saudi Vision 2030 regarding the development of the hospitality and tourism sector. KAEC’s partnership with Vivienda aligns with this objective, poised to attract more visitors to experience the Kingdom’s rich cultural heritage.
As a vision-ready platform, KAEC offers a comprehensive range of world-class facilities and services to accommodate various business operations, particularly with respect to the hospitality industry. With over 40 kilometers of pristine coastline along the Red Seas, KAEC’s modern leisure and tourism district provides an attractive destination for both domestic and international visitors.
