Crowne Plaza planned in Riyadh IT complex.Byline: Riyadh InterContinental Hotels Group InterContinental Hotels Group (IHG) (LSE: IHG NYSE: IHG) is a multinational company which operates several hotel brands. The largest hotel company by number of rooms (556,000 as of March 2007 [1]), its headquarters are in Windsor just outside Greater London and (IHG IHG Intercontinental Hotels Group IHG Iris Hypoplasia with Glaucoma ) will open a Crowne Plaza This article or section needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. hotel in the Information Technology and Communication Complex (ITCC ITCC Information Technology: Coding and Computing (International Symposium, IEEE Computer Society) ITCC International Trade Club of Chicago (Chicago, IL) ) in Riyadh. IHG and Rayadah Investment Company, a subsidiary of the Public Pension Agency of Saudi Arabia Saudi Arabia (sä  `dē ərā`bēə, sou`–, sô–), officially Kingdom of Saudi Arabia, kingdom (2005 est. pop. , have signed an agreement with regard to
the hotel.
The 326-room property will mark the first Crowne Plaza in Riyadh. Present at the signing were Mohammed Bin Abdullah Mohammed bin Abdullah (Arabic: محمد بن عبدالله) was a Somali religious and political leader with a similar name in what was then British Somaliland. Al Kherashi, governor of the Public Pension Agency and chairman of the board of Rayadah Investment Company and John Bamsey, chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , IHG Middle East and Africa. Rayadah Investment Company has committed 6.2 billion riyals ($1.65 billion) for the development of the ITCC project, a community designed to attract and host advanced technology, information and communication companies providing them a platform to establish their regional operations in Saudi Arabia. The ITCC will consist of commercial and residential buildings, governmental service buildings, banks, restaurants and recreational activities. Along with the ITCC, Rayadah Investment Company will be the master developer of the King Abdullah King Abdullah can refer to:
"Saudi Arabia has the potential to be a booming business hub for the Middle East and projects such as the ITCC will increase the country's competitiveness in the region's technology sector. At the same time, this reflects the increase in demand for specialty business communities that in turn attract inbound business travel," said Al Kherashi. "Crowne Plaza Riyadh ITCC will cater to the expected increase of business travellers Business Traveller is a CNN International monthly television program hosted by Richard Quest.
Crowne Plaza Riyadh ITCC will include approximately 5,000 sq m of meeting space including a high tech conference centre. The hotel will also feature a variety of dining options such as an all-day dining restaurant and a specialty restaurant. "IHG has experienced positive growth throughout the kingdom, particularly in relation to our business accommodation segment. Business travel to Saudi Arabia is increasing year on year and this trend looks set to continue, as the Kingdom pushes forward with extensive business developments such as the ITCC," said Bamsey. "Saudi Arabia is very much part of our growth strategy for the Crowne Plaza brand within the region. It is an extremely important market for us and one that is moving at a fantastic pace towards realising its potential as a key business hub within the Middle East," he said. Development of Crowne Plaza Riyadh ITCC is scheduled to begin in the fourth quarter of this year and is expected to be completed by mid-2012. The hotel is the fourth property under the brand in IHG's Saudi Arabia pipeline. IHG currently operates a Crowne Plaza property in Jeddah and a total of 22 properties in the kingdom. -- TradeArabia News Service Copyright 2008 www.tradearabia.com Copyright 2009 Al Hilal Publishing & Marketing Group Provided by Syndigate.info an Albawaba.com company |
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