Hampton Inn Hotel Project - NEOM Economic Zone
Project Overview
 Ref No |
BPN824-SA |
|---|---|
 Country |
Saudi Arabia |
 Total Participant |
4 |
 Ownership Type |
Govt. |
 Status |
Current Project |
 Sectors |
|
Timeline Updates
- 25th
MarchBeijing Construction Engineering Group (BEC) has been awarded the engineering, procurement and construction (EPC) contract in this project. Egypt-based Sabbour Consulting would provide full design and construction services.
- 25th
MarchCayan Group, a real estate investment and development company in the Middle East, has signed a development agreement with NEOM. Under the agreement, Cayan Group will fully fund and develop a Hampton By Hilton hotel situated at the NEOM Community site to meet the rapidly rising accommodation demand from the construction sector — a critical component to further progress earthworks at the site. Construction already in progress on the hotel, and it is expected to open by the end of 2023.
This agreement is the first at NEOM to be fully funded by the private sector, and Cayan Group’s investment further highlights the private sector’s interest in Saudi Arabia. The hotel’s flexible design and construction will center around sustainability while deploying energy-efficient systems. As NEOM moves forward to meet its ambitious targets, developing livability options is an important milestone to fulfill the needs of visitors.
April
05
2023
Wednesday
LAST UPDATED
Important Dates
| Project Activity type | Date |
|---|---|
| Contact awarded to - | Login to access |
| Main Contractor | |
| Project Stage - | Login to access |
| Under Construction | |
| Scheduled - | Login to access |
| Completion date |
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