<Shangri-La Hotel Group is set to launch one of its world-class hotels in Jeddah, a 242-room hotel spread across 65 floors and located on the Corniche Road in Jeddah overlooking the Red Sea. Shangri-La Group will not only operate and develop the hotel, but will also manage the 122 Residence Apartments in the tower. The hotel will feature three restaurants and event venues including a three-story grand lounge, a health club, a luxurious spa center, a gym, an indoor swimming pool, a private kids' club and many other facilities and lounges."

The Shangri-La Group's role will be to operate and develop the hotel and will also manage the Residence Apartments in the tower. On this occasion, Mohammed Al Omari, Director General of the General Authority for Tourism and Antiquities in Makkah, emphasized that the hotel market in Jeddah Governorate is characterized by attractive investment opportunities, noting that the region's markets have the capacity to absorb additional numbers of hotel rooms estimated at about five thousand rooms during the tenth development plan.

On this occasion, Mohammed Al Omari emphasized that the hotel market in Jeddah Governorate is characterized by attractive investment opportunities.