Kerzner International Holdings has signed an agreement with Al Khozama Management Company and Saudi Oger, to develop and operate a new 95,000m² resort in Jeddah on the Red Sea in Saudi Arabia.
Planned to be built in Obhur, north of Jeddah, the resort, named One&Only resort, will feature 230m of beachfront and meeting facilities.
Upon completion, the resort will also feature 150 rooms, suites and villas, restaurants, meeting rooms and a health spa.
Kerzner International CEO Alan Leibman said Jeddah is the perfect location for the resort in the Kingdom of Saudi Arabia.
"The beachfront location is remarkable and I am very confident the resort will be well received by our many loyal One&Only guests and new guests alike," Leibman said.
Al Khozama Management Company chairman Bandar bin Saud bin Khalid said the new development will contribute to the continued growth of Jeddah in particular to the country’s hospitality sector.
"Coupled with the new experiences that One&Only will bring and the commanding position Al Khozama enjoys in the country for developing iconic properties, including the Al Faisaliah Complex in Riyadh, this resort will transform the hospitality offerings in Saudi Arabia," Saud bin Khalid said.
Kerzner International and its subsidiaries develop and operate international destination resorts and hotels worldwide.
In 2012, Kerzner sold its 50% stake in Atlantis resort in Dubai and handed over ownership of the Bahamas-based Atlantis Paradise Island, and the nearby Bahamas One&Only Ocean Club to creditor Brookfield Asset Management.
Image: Kerzner International and Al Khozama Management executives sign agreement for the project. Photo: Courtesy of Kerzner International.