The Singaporean residences operator announced the signing of a management contract to develop its first establishment in the country, in Riyadh.
The Ascott Olaya Riyadh residency should open its doors between now and 2015 in the King Abdullah financial district. It will offer 230 apartments.
The new establishment reinforces the presence of Ascott Limited in the Gulf countries, bringing the number of apartments it operates in the region to 1 300. It is present in Bahrain, Oman, Qatar, and now Saudi Arabia.
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