Boutique hotels with ultra-luxury hospitality facilities are being launched in Saudi Arabia. The project will be implemented by renovating palaces of historical and cultural significance in the country. The Crown Prince inaugurated the boutique group formed for the project.
The new project is being launched under the Public Investment Fund. The aim is to set up boutique hotels with ultra-luxury hospitality facilities. Palaces of historical and cultural significance across the country will be used for this purpose. The project was inaugurated by PIF Chairman and Crown Prince Mohammed bin Salman. Through the project, Saudi heritage and culture will be rebuilt without losing any of their antiquity.
The project will be implemented in the first phase in three palaces, including the privately owned Al Hamra Palace. The other two palaces are the Tuwaiq Palace and the Red Palace. The project will help in diversifying the economy and accelerating the growth of non-oil GDP. There are also plans to prepare more tourism projects and opportunities under the Boutique Group.