The Ministry of Tourism witnessed a historic agreement between Sumou Holding and Melia Company. This partnership marks the commencement of the Ajwan beach resort project, valued at 1.5 billion riyals. The project is a significant addition to the nation’s luxury tourism sector.
Overview agreement
The signing event was part of the Future of Real Estate Forum. Key attendees included Engineer Mahmoud Abdulhadi, Deputy Minister of Tourism. The ministry’s involvement reflects its commitment to enhancing the nation’s tourism infrastructure. This project is not just an investment in property but also in the cultural richness of the region.
It aims to attract global tourists, offering them a unique blend of local culture and modern luxury.
Ministry’s Role in Enhancing Tourism Investments
The Deputy Minister of Tourism, Engineer Mahmoud Abdulhadi, emphasized the ministry’s pivotal role. The agreement signing is a testament to the ministry’s efforts in fostering tourism investments. The ministry aims to position the Kingdom as a top-tier global tourism destination.
This memorandum is a significant stride towards this goal. It highlights the ministry’s dedication to nurturing the tourism sector. It also showcases its commitment to leveraging the nation’s potential.
By doing so, the ministry aims to unlock new economic avenues and cultural exchanges.
Details of Ajwan Resort Project
The Ajwan resort project announcement by Sumou Holding Company has generated significant excitement. Funded with 1.5 billion riyals, the project is set to transform luxury living and tourism in the Eastern Region. Moreover, the resort will boast over 680 varied residential units.
These include luxurious sea-view villas along a 1000m beachfront and peaceful villas facing a 2.5 km inner bay.
Furthermore, the project emphasizes not only luxury but also a balance of comfort and natural aesthetics. Finally, it aims to offer a sanctuary for relaxation and a chance for visitors to explore the region’s picturesque beauty.
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