Tourism Development Fund signs financing agreement to build a 4-star resort in Al Baha

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The Tourism Development Fund announced the signing of a financing agreement with Address South Real Estate Services Company to establish a four-star resort project named ““ by Rotana Hotel Management Company.

The project, which was announced during the Municipal Investment Forum ”Forus“, will be built on an area of 12,300 square meters, including 62 rooms, 18 chalets, swimming pools with a view of the surrounding mountains, restaurants offering a selection of food and beverages and a full-service health club, to serve visitors to Mandak Governorate in Al Baha region, which is characterized by its scenic landscapes, as it is one of the targeted tourist destinations, which will enhance the quality of life in Al Baha, increase the number of tourists and add luxury in its unique nature.

The project will be built on an area of 12,300 square meters, with 62 rooms and 18 chalets, as well as swimming pools overlooking the site, as well as restaurants offering a choice of food and drinks and a full-service health club. Due to its rich heritage, temperate climate and topography, its more than 40 forests, including the famous Raghadan Forest, in addition to its many archaeological sites such as the village of Dhi Ain, Al-Malad and the Elephant Road, in addition to many popular markets and handicrafts characterized by the people of the region, making it one of the most attractive tourist destinations and contributing to the diversity of tourism and entertainment options and offers in the Kingdom.

On this occasion, the Al-Baha region is one of the targeted tourist destinations, which will enhance the quality of life in the Kingdom and increase the number of tourists and add luxury to its unique nature. <On this occasion, Qusai bin Abdullah Al Fakhri, CEO of the Tourism Development Fund, said: “The project is one of the unique projects that will contribute to the diversification and enhancement of the Fund's business portfolio, and will provide a qualitative addition to the tourism assets of Al Baha region, thus increasing its attractiveness to visitors and consolidating its long-standing position as a tourist destination for vacations and recreational activities, as well as a distinctive destination for hosting exhibitions, events and conferences."

On this occasion, the CEO of the Tourism Development Fund, Qusay bin Abdullah Al Fakhri, said. <For his part, Saleh bin Othman Al Ghamdi, Chairman of Address South Real Estate Services, said: "We are delighted to sign the financing agreement with the Tourism Development Fund, which shares many of our values and visions towards our culture, society and aspirations for the tourism and hospitality sector in the Kingdom. We are firmly convinced that this project will have positive repercussions on the tourism potential of the Al Baha region."

It is noteworthy that the resort will be built on top of one of the hills of Mandak Governorate, surrounded by natural landscapes that will give its atmosphere more attractiveness and a sense of relaxation and tranquility, making it a favorite tourist destination and a resort that meets the aspirations of those looking for a quiet vacation away from the hustle and bustle of cities.

The Tourism Development Fund is working with the Tourism Development Fund. The Tourism Development Fund will promote and support investments and projects in targeted tourism destinations, according to the National Tourism Strategy, which will be implemented through financing programs and solutions designed to stimulate private sector efforts to contribute to a prosperous future for the tourism, hospitality and leisure sector in the Kingdom.

The Tourism Development Fund is working to promote and support investments and projects in targeted tourism destinations.

Financing agreement to establish a 4-star resort in Al Baha