Ascott Boosts Ksa Portfolio With New Signing in Al Khobar

The Ascott Limited (Ascott), the world’s largest serviced residence owner-operator, continues to roll out its expansion portfolio in Saudi Arabia by announcing a new signing that will join its growing portfolio: Citadines Al Aziziyah Al Khobar. The property is set to open in late 2021 and will be Ascott’s seventh residence in the kingdom, and its third in the city of Al Khobar.

The 92-unit residence is currently under construction on King Khalid Road in the popular Al Aziziyah district to the south of the city. The location benefits from convenient transport links: King Khalid Road itself is the city’s main arterial highway, while the nearby King Fahd Causeway links Saudi Arabia with Bahrain. Dammam railway station is a short drive away and connects the Eastern Province to the Saudi capital, Riyadh.

When operational, Citadines Al Aziziyah Al Khobar will feature 36 studio apartments, 25 one-bedroom apartments and 30 two-bedroom apartments, as well as a 157 sqm penthouse. Facilities will include a residents’ lounge, swimming pool and gym, and a three-storey adjacent car park for visitors’ use. Guests will also be within easy reach of the neighborhood’s public beaches, restaurants, shops and recreational facilities, including Half Moon Bay and Al Khobar Corniche.  

“We are very pleased to announce details of our latest serviced residence in Saudi Arabia in partnership with Nebras Tourism Company,” says Vincent Miccolis, Ascott’s Regional GM for Middle East, Africa and Turkey. “In the four years since we launched our first property in KSA we’ve established a market-leading presence with an expanding portfolio of international-standard properties in key destinations.

Mr Al Saggaf, General Manager of Nebras Tourism Company said: “We are delighted to partner with the Ascott Limited the leading serviced residence operator in Saudi Arabia today and introduce the Citadines brand into Al Kohbar.”

“Saudi’s oil-rich Eastern Province is a key metropolitan region with Al Khobar as one of its fastest growing cities,” continues Miccolis. “Citadines Al Aziziyah Al Khobar will appeal to both business and leisure travellers who seek modern comforts, business connectivity and customized services. Furthermore, the property’s impressive amenities will appeal to long- and short-term visitors who enjoy the convenience and flexibility of a centrally-located serviced apartment.”

Saudi Arabia represents an important growth territory for Ascott over the next few years, with further openings in the pipeline across the kingdom.