$1B hospitality platform to develop 50 hotels in Saudi Arabia

A US-based Patel Family Office and Saudi industrial group Abdulhadi Al Qahtani & Sons (AHQ) launched a $1 billion hospitality platform to develop 50 hotels across Saudi Arabia.

The platform aims to support business tourism and boost economic diversification in the Kingdom, according to the Saudi Press Agency.

The launch was announced on the sidelines of the first day of the FII PRIORITY Miami 2026, highlighting continued investment flows into Saudi Arabia’s hospitality sector.