Latest news with #AlNakhlaInvestment
Trade Arabia
19-04-2025
- Business
- Trade Arabia
Al Nakhla completes work on key Saudi residential compound
Al Nakhla Investment Company has announced the completion of the Al Sharq Village, one of the premier luxury residential compounds in the Saudi capital Riyadh. Strategically located in the Qurtuba district, the project features a total of 450 residential units, combining elegance and comfort with meticulous attention to detail in design and infrastructure. It offers upscale living options for those seeking a high-quality lifestyle. With its integrated living environment and world-class specifications, it presents an ideal destination for families looking for a modern and tranquil way of life. The project, which was completed after two and a half years of construction, is distinguished by its wide green landscapes, enhancing quality of life and offering a peaceful and relaxing environment. It boasts a comprehensive range of facilities that cater to all residents' needs, including sports, recreational, healthcare as well as educational facilities. Al Sharq Village delivers comprehensive services to support daily living, making it one of the most complete residential compounds in the area. It is expected to accommodate 1,200 residents. Al Nakhla Investment said it took great care in implementing a design that merges modern architecture with the traditional Salmani style, which is in alignment with Riyadh's urban planning. The project spans over 167,000 sq m, offering a comprehensive residential destination that combines comfort, aesthetic appeal and construction quality, it stated. "Al Sharq Village project continues Al Nakhla Investment Company's success in real estate development. We have previously developed nearly 3,000 premium residential units, in addition to commercial, office, and hospitality projects," said a company spokesman. The compound includes a fine-dining restaurant, Costa Coffee, Al Tamimi Supermarket, and various retail outlets offering a wide range of services to meet residents' needs, he stated. Located in Qurtuba, one of Riyadh's fast-growing modern districts, the project benefits from proximity to the Riyadh Metro network, allowing easy access to all parts of the capital within minutes. Its prime location provides convenient access to key business and leisure destinations, including Sabic, King Abdullah Financial District, Riyadh Front, Business Gate, and the Fairmont Hotel, said Al Nakhla Investment in a statement.
Zawya
18-04-2025
- Business
- Zawya
Al Nakhla completes work on key Saudi residential compound
Al Nakhla Investment Company has announced the completion of the Al Sharq Village, one of the premier luxury residential compounds in Saudi capital Riyadh. Strategically located in the Qurtuba district, the project features a total of 450 residential units, combining elegance and comfort with meticulous attention to detail in design and infrastructure. It offers upscale living options for those seeking a high-quality lifestyle. With its integrated living environment and world-class specifications, it presents an ideal destination for families looking for a modern and tranquil way of life. The project, which got completed after two and a half years of construction, is distinguished by its wide green landscapes, enhancing quality of life and offering a peaceful and relaxing environment. It boasts a comprehensive range of facilities that cater to all residents' needs, including sports, recreational, healthcare as well as educational facilities. Al Sharq Village delivers comprehensive services to support daily living, making it one of the most complete residential compounds in the area. It is expected to accommodate 1,200 residents. Al Nakhla Investment said it took great care in implementing a design that merges modern architecture with the traditional Salmani style, which is in alignment with Riyadh's urban planning. The project spans over 167,000 sq m, offering a comprehensive residential destination that combines comfort, aesthetic appeal and construction quality, it stated. "Al Sharq Village project continues Al Nakhla Investment Company's success in real estate development. We have previously developed nearly 3,000 premium residential units, in addition to commercial, office, and hospitality projects," said a company spokesman. The compound includes a fine-dining restaurant, Costa Coffee, Al Tamimi Supermarket, and various retail outlets offering a wide range of services to meet residents' needs, he stated. Located in Qurtuba, one of Riyadh's fast-growing modern districts, the project benefits from proximity to the Riyadh Metro network, allowing easy access to all parts of the capital within minutes. Its prime location provides convenient access to key business and leisure destinations, including Sabic, King Abdullah Financial District, Riyadh Front, Business Gate, and the Fairmont Hotel, said Al Nakhla Investment in a statement. The development is also just 15 minutes from King Khalid International Airport, making it an ideal choice for business professionals and frequent travellers, it added. -TradeArabia News Service
Tourism Breaking News
19-02-2025
- Business
- Tourism Breaking News
Al Nakhla Investment signs agreement to open Residence Inn by Marriott in Riyadh, Saudi Arabia
Al Nakhla Investment in the Kingdom of Saudi Arabia signed an agreement with Marriott International to open a Residence Inn by Marriott in Riyadh. This development marks a significant milestone in Al Nakhla Investment's ongoing efforts to diversify and expand its regional hospitality portfolio. The new Residence Inn by Marriott Riyadh will be strategically located in one of the city's most vibrant and rapidly developing areas, offering long-term travelers and business professionals an exceptional blend of comfort, convenience, and modern amenities. The property will feature a selection of spacious suites and units designed to cater to guests seeking short or long stays, with fully equipped kitchens, separate living and sleeping areas, and state-of-the-art facilities. This agreement is part of a broader strategic collaboration between Al Nakhla Investment and Marriott International to bring world-class hospitality experiences to the Kingdom. The collaboration underscores both companies' commitment to supporting Saudi Arabia's Vision 2030, which seeks to boost tourism, attract international investment, and develop the Kingdom's hospitality sector. Speaking on the occasion, Momen Dowji, Business Development Manager of Al Nakhla Investment, said, 'We are thrilled to work with Marriott International to bring the Residence Inn by Marriott brand to Riyadh. This agreement aligns with our strategy to expand our footprint in the hospitality sector and contribute to the growth of Saudi Arabia's tourism and business travel markets. We believe that the Residence Inn will offer a unique value proposition to both business and leisure travelers seeking high-quality, longer-stay accommodation in the heart of Riyadh.' Introducing Residence Inn by Marriott in Riyadh will add to the city's growing array of hospitality options, catering to a diverse range of travelers. With its focus on long-term stays, Residence Inn by Marriott is poised to meet the needs of professionals, expatriates, and families looking for a home-like environment combined with the benefits of a full-service hotel. 'We continue to see a strong demand for longer stay accommodation in Riyadh and we are excited to work with Al Nakhla Investment to open Residence Inn by Marriott Riyadh ,' said Chadi Hauch, Regional Vice President, Development – Middle East at Marriott International. 'Whether for leisure or business, Residence Inn provides travellers the comforts of home while on the road. This property will be a great addition to our Residence Inn portfolio in the Kingdom which continues to be an important growth for the brand,' Residence Inn by Marriott Riyadh is anticipated to open late 2026. The project is expected to create numerous job opportunities and contribute to the local economy, further solidifying Riyadh's position as a leading destination for both business and leisure travelers.
Zawya
18-02-2025
- Business
- Zawya
Al Nakhla Investment signs agreement to open Residence Inn by Marriott in Riyadh, Saudi Arabia
Riyadh, Saudi Arabia — Al Nakhla Investment, a leading real estate investment firm in the Kingdom of Saudi Arabia, is proud to announce signing an agreement with Marriott International to open a Residence Inn by Marriott in Riyadh. This development marks a significant milestone in Al Nakhla Investment's ongoing efforts to diversify and expand its regional hospitality portfolio. The new Residence Inn by Marriott Riyadh will be strategically located in one of the city's most vibrant and rapidly developing areas, offering long-term travelers and business professionals an exceptional blend of comfort, convenience, and modern amenities. The property will feature a selection of spacious suites and units designed to cater to guests seeking short or long stays, with fully equipped kitchens, separate living and sleeping areas, and state-of-the-art facilities. Strategic Collaboration for Growth This agreement is part of a broader strategic collaboration between Al Nakhla Investment and Marriott International to bring world-class hospitality experiences to the Kingdom. The collaboration underscores both companies' commitment to supporting Saudi Arabia's Vision 2030, which seeks to boost tourism, attract international investment, and develop the Kingdom's hospitality sector. Speaking on the occasion, Momen Dowji, Business Development Manager of Al Nakhla Investment, said, 'We are thrilled to work with Marriott International to bring the Residence Inn by Marriott brand to Riyadh. This agreement aligns with our strategy to expand our footprint in the hospitality sector and contribute to the growth of Saudi Arabia's tourism and business travel markets. We believe that the Residence Inn will offer a unique value proposition to both business and leisure travelers seeking high-quality, longer-stay accommodation in the heart of Riyadh.' Enhancing Riyadh's Hospitality Landscape Introducing Residence Inn by Marriott in Riyadh will add to the city's growing array of hospitality options, catering to a diverse range of travelers. With its focus on long-term stays, Residence Inn by Marriott is poised to meet the needs of professionals, expatriates, and families looking for a home-like environment combined with the benefits of a full-service hotel. 'We continue to see a strong demand for longer stay accommodation in Riyadh and we are excited to work with Al Nakhla Investment to open Residence Inn by Marriott Riyadh ,' said Chadi Hauch, Regional Vice President, Development – Middle East at Marriott International. 'Whether for leisure or business, Residence Inn provides travellers the comforts of home while on the road. This property will be a great addition to our Residence Inn portfolio in the Kingdom which continues to be an important growth for the brand,' Looking Ahead Residence Inn by Marriott Riyadh is anticipated to open late 2026. The project is expected to create numerous job opportunities and contribute to the local economy, further solidifying Riyadh's position as a leading destination for both business and leisure travelers.
