
IHG has signed an agreement with the Rayadah Investment Company to open two new hotels in Riyadh’s King Abdullah Financial District (KAFD), including the first Hotel Indigo in the Middle East.
Hotel Indigo Riyadh KAFD and InterContinental Riyadh KAFD will be situated in Saudi Arabia’s new economic and financial hub.Hotel Indigo KAFD, the first Hotel Indigo to open its doors in the Middle East, will have 225 rooms. The hotel will also include a business centre and three meeting rooms.InterContinental Riyadh KAFD will be the second InterContinental hotel in Riyadh, with 218 rooms.King Abdullah Financial District (KAFD), announced in 2006, is a 400-acre development north of central Riyadh. The 32 million square feet district will be a major financial centre in the Middle East and is part of Riyadh's overall economic diversification plan. KAFD will include premier office space, housing, a financial academy, Saudi Arabia’s stock exchange, GCC Central Bank, seven museums and other recreational facilities.