Knight Frank and Al Kathiri Holding Reveal Strategic Collaboration for Hospitality Ventures in Saudi Arabia

Knight Frank and Al Kathiri Holding have entered into a landmark partnership, aimed at bolstering Saudi Arabia's growing hospitality and real estate sectors. This collaboration represents a significant step towards supporting the Kingdom's Vision 2030, which focuses on diversifying the economy, particularly through tourism, real estate, and infrastructure.

The deal, set to strengthen the country’s tourism infrastructure, will center around large-scale investments in luxury hotels, resorts, and leisure facilities. The partnership comes at a time when Saudi Arabia is rapidly positioning itself as a premier global tourism destination, with major projects such as NEOM, Red Sea Global, and AlUla continuing to develop. Al Kathiri Holding, a key player in construction materials, will leverage its expertise to provide essential resources for these hospitality ventures, while Knight Frank, renowned for its global real estate consultancy, will bring its strategic insights to the table.

Saudi Arabia’s Vision 2030 initiative aims to increase the sector’s contribution to the national GDP by 10% and attract 100 million visitors by 2030. As the Kingdom embarks on this path, partnerships such as the one between Knight Frank and Al Kathiri are vital. Both firms see the hospitality industry as pivotal to the success of mega-projects like NEOM, where sustainable tourism plays a crucial role.