Naif Alrajhi Funding & Accor debut first TRIBE and TRIBE Residing in Saudi Arabia

RIYADH, SAUDI ARABIA – Accor, a world-leading hospitality group, and Naif Alrajhi Funding, are proud to announce the signing of the primary TRIBE and TRIBE Residing addresses in Saudi Arabia inside King Salman Park undertaking. This milestone displays each TRIBE’s bold international growth and the Saudi Imaginative and prescient 2030 to create vibrant city areas that encourage residents and guests alike. This follows the King Salman Park Basis’s announcement final yr to develop the primary actual property funding plot inside King Salman Park, in partnership with Naif Alrajhi Funding.

This settlement reinforces the robust and rising partnership between Accor and Naif Alrajhi Funding following the profitable launch of Fairmont Ramla Serviced Residences final yr.

TRIBE is redefining trendy hospitality with its daring, design-led strategy that provides every little thing visitors want and nothing they don’t. The model delivers intelligently crafted areas which might be unapologetically trendy, trendy, and accessible – excellent for the brand new technology of vacationers looking for consolation, performance, and affordability in a related and modern setting.

Located in King Salman Park, one of many world’s largest city parks, Bundle 1, spans a powerful 290,000 sq. metres. This undertaking represents the primary mixed-use growth within the park to be developed in partnership with Naif Alrajhi Funding and can embody residential models, industrial workplaces, retail areas, eating places, a faculty, resort, neighborhood amenities, and public areas. Strategically positioned close to key park points of interest such because the Royal Arts Advanced and Guests Pavilion, the district presents easy accessibility to King Abdul Aziz Highway, two metro stations, and a BRT station. Surrounded by greenery and positioned between two wadis, it blends seamlessly with the park’s pure panorama.

TRIBE Riyadh King Salman Park

The brand new-build property will characteristic 250 rooms, two eating places, together with a rooftop eating expertise, alongside adaptable conferences amenities and banquet corridor. Visitors will get pleasure from wellness-focused facilities, together with a state-of-the-art fitness center and swimming pool, designed to supply each consolation and inspiration for all vacationers.

TRIBE Residing Riyadh King Salman Park

TRIBE Residing will introduce 150 trendy residences, starting from studios to three-bedroom models, paired with shared areas just like the clubhouse, offering a seamless mix of home-like comforts and handy resort providers. Residents will profit from entry to the resort’s eating and leisure facilities, making certain a related and vibrant neighborhood expertise.

Accor’s collaboration with Naif Alrajhi Funding underscores the significance of strategic partnerships within the area. Naif Alrajhi Funding, with its intensive experience in actual property and various portfolio spanning a number of sectors, brings a shared imaginative and prescient of elevating hospitality requirements in Saudi Arabia.

As an actual property developer and grasp lessee of the King Salman Park Bundle 1, mixed-use undertaking, we’re proud to be contributing to the conclusion of Imaginative and prescient 2030 and growth of our nation’s actual property sector. We’re delighted to be working with Accor as soon as once more, a trusted associate, to introduce new and iconic manufacturers to the native marketplace for the primary time. This partnership is a big step ahead in our ongoing dedication to delivering world-class locations that cater to each native and worldwide audiences. Naif Saleh Alrajhi, Chairman & CEO for Naif Alrajhi Funding

This collaboration is a testomony to our dedication to the Saudi market and our alignment with Imaginative and prescient 2030. The introduction of TRIBE and TRIBE Residing to Saudi Arabia showcases our give attention to design-led, way of life experiences that meet the rising demand for contemporary, accessible resort choices in Riyadh. We’re excited to proceed our robust collaboration with Naif Alrajhi Funding to convey this groundbreaking undertaking to life. Duncan O’Rourke, Accor’s Chief Government Officer, Premium, Midscale & Economic system manufacturers for Center East, Africa and Asia Pacific

As Saudi Arabia’s capital, Riyadh continues to evolve into a world vacation spot for enterprise and leisure. The town’s hospitality panorama has reworked considerably, pushed by Imaginative and prescient 2030 initiatives, a surge in large-scale occasions, and rising demand for high-quality lodging. Accor continues to play a pivotal function on this transformation, with over 1,683 operational keys in Riyadh and a pair of,740 keys within the pipeline.

About Naif Alrajhi Funding

Naif Alrajhi Funding, established as premier funding group in Saudi Arabia and a world footprint in 5 nations, invests in Actual Property, Capital Markets, and Mergers and Acquisitions. The group prides itself on the variety in its actual property portfolio and had solidified its presence in 13 totally different sectors together with Actual Property, Hospitality, F&B, Mining, Contracting & Inside Options, Monetary Markets, Marcom and Logistics, amongst many others. Leveraging its intensive market and funding data, Naif Alrajhi Funding has grow to be a catalyst for progress, each domestically and internationally, recognized for its innovation, partnership-driven investments, and give attention to neighborhood enhancement

About Accor, a world-leading hospitality group

Accor is a world main hospitality group providing experiences throughout greater than 110 nations, over 5,700 properties, 10,000 meals & beverage venues, wellness amenities or versatile workspaces. The Group has one of many business’s most various hospitality ecosystems, encompassing greater than 45 resort manufacturers from luxurious to financial system, in addition to Life-style with Ennismore. Accor is concentrated on driving constructive motion by means of enterprise ethics, accountable tourism, environmental sustainability, neighborhood engagement, range, and inclusivity. Based in 1967, Accor SA is headquartered in France and publicly listed on the Euronext Paris Inventory Change (ISIN code: FR0000120404) and on the OTC Market (Ticker: ACCYY) in the US. For extra info, please go to group.accor.com or observe us on X, Fb, LinkedIn, Instagram and TikTok. 

Cybelle Daou
Director PR & Communications Center East, Africa and Türkiye
Accor