Guy Wilkinson's popular PPT about the future pipeline of chain hotel rooms in Abu Dhabi, Dubai, Doha, Makkah and Riyadh, presented at the HOTEC Middle East 2013 hosted buyers event in Abu Dhabi this June

1. www.viability.ae…when diligence is due
GCC pipeline: 5 hot development markets
June 1st, Fairmont Bab Al Bahr, Abu Dhabi
Damac Towers by Paramount, Dubai

2. www.viability.ae…when diligence is due
“Let me look into your future…”

3. www.viability.ae…when diligence is due
A shopping list for Middle East hotel suppliers…

4. www.viability.ae…when diligence is due
A HIT list for Middle East hotel suppliers!!

5. www.viability.ae…when diligence is due
Viability‟s annual GCC future hotel survey: methodology
• 13th year of survey.
• New approach focussing on 5 GCC „hot markets‟:
1. Abu Dhabi
2. Dubai
3. Doha
4. Makkah
5. Riyadh
• All 110 chains active in the GCC are canvassed directly.
• All letting units included (rooms, suites, apartments & villas).
• Excluded:
– All rumoured projects.
– All unsigned projects.
– All projects with unconfirmed room counts, opening dates, etc.
– All single owner-operated properties.
No need to take notes!
Copies of this Presentation available Afterwards

6. www.viability.ae…when diligence is due
GCC map showing 5 hot markets
Key:
1. Abu Dhabi
2. Dubai
3. Doha
4. Makkah
5. Riyadh

7. www.viability.ae…when diligence is due
City supply comparison: existing properties & letting units
0
100
200
300
400
500
600
700
800
900
Abu Dhabi Doha Dubai Makkah Riyadh
141
128
599
887
336
0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
Abu Dhabi Doha Dubai Makkah Riyadh
24,419
8,511
80,414
123,344
15,331
Hotels & Hotel Residences Keys
Source: Government data, latest years. Makkah and Riyadh data is for Provinces, the former including Jeddah

8. www.viability.ae…when diligence is due
City performance comparison: Q1 2013 occupancy (%)
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
Abu Dhabi Doha Dubai Makkah Riyadh
70%
66%
88%
62% 61%
Source: STR Global, based on a selection of luxury hotels only

9. www.viability.ae…when diligence is due
Abu
Dhabi
17%
Doha
14%
Dubai
31%
Makkah
25%
Riyadh
13%
Yr 2013
23%
Yr 2014
25%
Yr 2015
25%
Yr 2016
21%
Yr 2017
6%
5 star
70%
4 star
23%
3 star
7%
Summary
• 189 chain properties with 64,063 keys opening in the 5 cities by 2017
• Keys distributed as follows, by…
City
Year
Star
Rating

10. www.viability.ae…when diligence is due
Chain ranking by pipeline keys in the 5 cities combined
-
2,000
4,000
6,000
8,000
10,000
12,000
14,000
8,211
5,161
4,6364,535
3,530
2,8452,7002,557
2,1481,9221,9011,7431,7411,6191,4421,400
926 842 774 742
12,688

11. www.viability.ae…when diligence is due
Abu Dhabi confirmed chain hotel pipeline (1 of 2)
# Chain Brand Name Keys Stars Year
1 Accor Adagio Adagio Abu Dhabi Al Bustan 279 4 2013
2 Accor Novotel Novotel Abu Dhabi Al Bustan 361 4 2013
3 Anantara Anantara Anantara Al Yamm Villas 30 5 2013
4 Anantara Anantara Anantara Al Sahel Villas 30 5 2013
5 Bin Majid Bin Majid The Tower Hotel Apartments 260 4 2014
6 Bin Majid Bin Majid (No Name) 190 4 2015
7 City Seasons City Seasons Royal Rose Hotel 355 4 2013
8 City Seasons City Seasons City Seasons Park Hotel 165 4 2013
9 Dusit Dusit Thani Dusit Thani Abu Dhabi (W) 533 5 2013
10 Fairmont Raffles Fairmont Fairmont Abu Dhabi Marina 812 5 2016
11 Formosa Regent Regent Emirates Pearl Abu Dhabi 377 5 2014
12 Four Seasons Four Seasons Four Seasons Htl Abu Dhabi at Al Maryah Island 190 5 2016
13 Gloria Gloria Gloria Arabian Palace Hotel 175 5 2015
14 Gloria Gloria Gloria Downtown Hotel 156 4 2014
15 Hilton Hilton Hilton Abu Dhabi Capital Grand 281 5 2013
16 Marriott Courtyard Courtyard by Marriott - Central Market 195 4 2014
17 Marriott Edition Edition Hotel Abu Dhabi 244 4 2015

12. www.viability.ae…when diligence is due
Abu Dhabi pipeline images (1)
Fairmont Abu Dhabi Marina (above) and Dusit Thani Abu Dhabi (right)

13. www.viability.ae…when diligence is due
Abu Dhabi pipeline images (2)
Millennium Bab Al Qasr (above) and Regent Emirates Pearl (right)

14. www.viability.ae…when diligence is due
Abu Dhabi confirmed chain hotel pipeline (2 of 2)
# Chain Brand Name Keys Stars Year
18 Marriott Marriott Abu Dhabi Marriott Hotel 315 5 2014
19 Marriott Marriott Marriott Executive Apartments Abu Dhabi 64 5 2014
20 Millennium Biltmore Biltmore Bateen Marina 218 5 2015
21 Millennium Millennium Millennium Bab Al Qasr 674 5 2013
22 Millennium Millennium Exec Apts Millennium Executive Apartments 198 5 2013
23 Movenpick Movenpick Movenpick Hotel Al Reem 713 5 2015
24 Movenpick Movenpick Movenpick Hotel Yas Island 500 5 2016
25 Movenpick Movenpick Movenpick Resort & Spa Al Raha Beach 400 5 2016
26 Oetker Hotel Le Bristol Hotel Le Bristol Abu Dhabi 250 5 2015
27 Premier Inn Premier Inn Premier Inn Abu Dhabi Int‟l Airport 300 3 2013
28 Rotana Arjaan Capital Centre Arjaan 258 4 2014
29 Rotana Arjaan Marina Mall Arjaan 356 4 2015
30 Rotana Rotana Capital Centre Rotana 315 4 2014
31 Rotana Rotana Saadiyat Rotana Resort 354 5 2016
32 Southern Sun Southern Sun Southern Sun Abu Dhabi 352 4 2013
33 Starwood St. Regis The St. Regis Abu Dhabi 283 5 2013
34 Starwood W W Abu Dhabi 370 5 2015
35 Time Hotels Time Hotel Time Khalifa Hotel Apartments 72 4 2013
36 Wyndham Ramada Ramada Al Moroor 120 4 2013
TOTAL 10,745

15. www.viability.ae…when diligence is due
Abu Dhabi pipeline images (3)
Clockwise from top left: Four Seasons, St. Regis and Premier Inn

16. www.viability.ae…when diligence is due
Abu Dhabi independent & „mega‟ hotel projects
• Islands:
– Saadiyat
– Reem
– Al Maryah (formerly Sowwah)
– Yas
– Nurai
– Nareel
– Lulu
• Mainland districts:
– Al Raha Beach
– Masdar City
– Ghantoot Green City
– Capital District (Khalifa City)
• Downtown projects:
– „CBD project‟ (Mina Zayed, etc)
– Central Market
– Capital Centre/Gate
– Helix Hotel

17. www.viability.ae…when diligence is due
Abu Dhabi independent hotel & mega project images
Clockwise from top left:
Capital Gate, Central Market,
Helix Hotel

18. www.viability.ae…when diligence is due
Dubai confirmed chain hotel pipeline (1 of 3)
# Chain Brand Name Keys Stars Year
1 Accor Novotel Novotel Dubai Al Barsha 466 4 2013
2 Accor Pullman Pullman Dubai Jumeirah Lake Towers 354 5 2014
3 Accor Sofitel Sofitel Dubai Palm Jumeirah Resort & Spa 543 5 2013
4 Accor Sofitel Sofitel Dubai Sheikh Zayed Road 350 5 2014
5 Anantara Anantara Anantara Dubai Palm Jumeirah Resort & Spa 293 5 2013
6 Auris Auris Auris Jumeirah Hotel Apartments 250 4 2015
7 Auris Auris Auris Village 150 4 2015
8 Baccarat Baccarat Baccarat Dubai Pearl 357 5 2014
9 City Seasons City Seasons City Seasons BurJuman Hotel 208 4 2014
10 Citymax Citymax Citymax Hotel Dubai 350 3 2016
11 Coral Corp Corp Al Khoory Barsha 228 4 2015
12 Coral Coral Coral Sport City 304 4 2014
13 Damac Damac Bay's Edge 220 4 2016
14 Damac Damac Burj Damac Marina 102 4 2016
15 Damac Damac Maison The Distinction 295 5 2016
16 Damac Damac Maison Damac Towers by Paramount 1940 5 2015
17 Fairmont Raffles Swissotel Swossitel Jadaf Dubai 280 4 2016
18 Four Seasons Four Seasons Four Seasons Resort Dubai at Jumeirah Beach 220 5 2014
19 Hilton Conrad Conrad Dubai 555 5 2013

19. www.viability.ae…when diligence is due
Dubai pipeline images (1)
Dubai Pearl (MGM and Baccarat hotels - above) and
DoubleTree by Hilton Dubai Jumeirah Beach (right)

20. www.viability.ae…when diligence is due
Dubai confirmed chain hotel pipeline (2 of 3)
# Chain Brand Name Keys Stars Year
20 Hilton Doubletree Doubletree by Hilton, Dubai Jumeirah Beach 110 4 2013
21 Hilton Hilton Hilton Dubai Palm Jumeirah 660 5 2015
22 Hilton Waldorf Astoria Waldorf Astoria Palm Jumeirah 320 5 2014
23 IHG InterContinental InterContinental Dubai Marina 328 5 2014
24 IHG Staybridge Suites Staybridge Suites Dubai - Union Square 165 3 2014
25 Kempinski Kempinski Kempinski Htl & Res Palm Jumeirah 351 5 2014
26 Lotus Lotus Lotus Grand Hotel 147 4 2015
27 Marriott JW Marriott JW Marriott Marquis Hotel Dubai (2
nd
Tower) 804 5 2015
28 Marriott Marriott Dubai Marriott Zaabeel 352 5 2013
29 Marriott Marriott Marriott Executive Apts Dubai Zaabeel 128 5 2013
30 MGM Bellagio Bellagio Dubai Pearl 291 5 2014
31 MGM MGM Grand MGM Grand Pearl Dubai 350 5 2014
32 MGM Skylofts Skylofts Dubai Pearl 38 5 2014
33 Millennium Millennium Exec Apts Millennium Executive Apartments Dubai Marina 151 5 2013
34 Movenpick Movenpick Movenpick Htl & Res Jumeirah Lakes Towers 475 5 2013
35 Movenpick Movenpick Movenpick Resort & Spa Oceana Dubai 324 5 2014
36 Oberoi Oberoi The Oberoi Dubai 252 5 2013
37 Ramee Ramee Grand Ramee Grand Business Bay 175 5 2015
38 Rezidor Park Inn Park Inn Dubai Airport Free Zone 310 3 2015
39 Rezidor Park Inn Park Inn Dubai Al Jadaf 300 3 2016

21. www.viability.ae…when diligence is due
Dubai pipeline images (2)
InterContinental Dubai Marina (above) and Viceroy Dubai Palm
Jumeirah (right)

22. www.viability.ae…when diligence is due
Dubai confirmed chain hotel pipeline (3 of 3)
# Chain Brand Name Keys Stars Year
40 Rosewood Rosewood Rosewood Dubai 190 5 2014
41 Rotana Centro Jebel Ali Airport Centro 440 3 2016
42 Starwood Sheraton Sheraton Dubai Sheikh Zayed Road Hotel 663 5 2014
43 Starwood St. Regis The St. Regis Dubai 226 5 2017
44 Starwood W W Dubai - Tha Palm 283 5 2016
45 Starwood W W Dubai Sheikh Zayed Road 423 5 2017
46 Starwood Westin The Westin Dubai Sheikh Zayed Road 929 5 2017
47 Sunland Palazzo Versace Palazzo Versace Dubai 217 5 2013
48 The Address The Address The Address The BLVD 742 5 2015
49 The Address The Address The Address Sky View I 314 5 2016
50 The Address The Address The Address Sky View II 370 5 2016
51 The Address The Address The Address Fountain Views I 283 5 2016
52 The Address The Address The Address Fountain Views II 283 5 2016
53 The Address Vida Vida Downtown Dubai 156 4 2013
54 Time Hotels Time Hotel Time Wafi Hotel 234 5 2016
55 Viceroy Viceroy Viceroy Dubai Palm Jumeirah 481 5 2017
56 Wyndham Ramada Wyndham Dubai Marina 497 4 2016
TOTAL 20,227

23. www.viability.ae…when diligence is due
Dubai pipeline images (3)
Vida Downtown Dubai (above) and St. Regis/Westin/W Hotels
Sheikh Zayed Road (right)

24. www.viability.ae…when diligence is due
Dubai independent & „mega‟ hotel projects
• Mohammed bin Rashid City – 100 hotels!
• Business Bay/Downtown
• Dubai Healthcare City – Phase II
• Dubai Festival City
• Dubai Marina
• Jumeirah Lakes Towers
• Blue Waters (Dubai Eye) project
• The Palm Jumeirah – remaining plots
• Madinat Jumeirah Phase 4 (420 rooms)
• Dubailand:
– City of Arabia & Falcon City
– Motor City & Dubai Sports City
– Dubai Silicon Oasis & International Media Production Zone
– Dubai Sustainable City
– Akoya by Damac (Trump golf community)
• Jebel Ali Downtown & Dubai Investments Park
• JAFZA Convention Hotel (322 rooms)
• Dragonmart Hotel (246 rooms)

25. www.viability.ae…when diligence is due
Dubai independent hotel & mega project images (1)
Blue Waters/Dubai Eye (above) and Mohammed bin
Rashid City (right)

26. www.viability.ae…when diligence is due
Dubai independent hotel & mega project images (2)
JAFZA Convention Hotel (above) and Dubai Sustainable
City (right)

27. www.viability.ae…when diligence is due
Doha confirmed chain hotel pipeline (1 of 2)
# Chain Brand Name Keys Stars Year
1 Accor M Gallery M Gallery Doha Musheireb 215 5 2015
2 Accor Pullman Pullman Doha West Bay 468 5 2015
3 Anantara Anantara Anantara Doha Island Rst & Spa 141 5 2014
4 Capella Solis Solis Doha 445 5 2016
5 Citymax Hotels Citymax Hotels Citymax Hotel Doha 154 3 2014
6 Dusit Dusit Thani Dusit Doha 190 5 2013
7 Formosa Regent Regent Doha 365 5 2014
8 Four Seasons Four Seasons Four Seasons Htl Doha The Pearl 300 5 2014
9 Grand Heritage Grand Heritage Grand Heritage West Bay 317 5 2014
10 Hilton Doubletree Doubletree Doha Al Sadd 145 4 2014
11 Hilton Doubletree Doubletree Suites by Hilton Doha 240 4 2015
12 Hilton Hilton Garden Inn Hilton Garden Inn Doha Al Sadd 258 4 2014
13 Hilton Waldorf Astoria Waldorf Astoria Doha West Bay 330 5 2016
14 Hyatt Park Hyatt Park Hyatt Doha 181 5 2016
15 IHG Holiday Inn Holiday Inn Doha 347 4 2015
16 Jumeirah Jumeirah Jumeirah Dubai Tower Doha 250 5 2015
17 Katara Merweb Lusail Foxhills Hotel 160 4 2017

28. www.viability.ae…when diligence is due
Doha pipeline images (1)
Katara Merweb Lusail Marina Iconic Towers

29. www.viability.ae…when diligence is due
Doha confirmed chain hotel pipeline (2 of 2)
# Chain Brand Name Keys Stars Year
18 Katara Merweb Lusail Marina Iconic Towers 614 5 2017
19 Kempinski Kempinski Marsa Malaz Hotel Kempinski 281 5 2014
20 Mandarin Oriental Mandarin Oriental Mandarin Oriental Doha 249 5 2015
21 Marriott JW Marriott JW Marriott Hotel Doha 412 5 2017
22 Millennium Millennium Millennium Al Wouroud 232 5 2013
23 Morgans Morgans Mondrian Doha 270 5 2014
24 Premier Inn Premier Inn Premier Inn Doha Education City 219 3 2014
25 Premier Inn Premier Inn Premier Inn Doha Airport 102 3 2014
26 Rezidor Hotel Missoni Hotel Missoni 300 5 2015
27 Rotana Centro Centro Doha 220 3 2015
28 Rotana Rotana City Centre Rotana 380 5 2013
29 Shangri-La Shangri-La Shangri-La Hotel Doha 314 5 2013
30 Shaza Shaza Shaza Hotel Doha 180 5 2015
31 Sonesta Sonesta Sonesta Hotel Doha 260 5 2014
32 Starwood Le Meridien Le Meridien Doha 250 5 2016
33 Time Hotels Time Hotel Time Rako Hotel 114 4 2015
TOTAL 8,903

30. www.viability.ae…when diligence is due
Doha pipeline images (2)
Mandarin Oriental Doha
(above) and Shaza Doha
(right)

31. www.viability.ae…when diligence is due
Doha independent & „mega‟ hotel projects
• World Cup – 80,000 rooms!
• Airport City – 30-year master plan
• Lusail (Qatari Diar) – 38 km2, 200,000 population, 22 hotels
• West Bay/The Pearl
• Doha Convention Centre Tower
• Msheireb Downtown Doha – US$20 billion urban regeneration
• Barwa:
– Oryx Island – 5 floating hotels
– Barwa Financial District
– Barwa Commercial Avenue
– Barwa Al Sadd
– Barwa Village
• Doha Festival City
• Wa‟ab City
• Tawar Mall Hotel

32. www.viability.ae…when diligence is due
Doha mega project images
Oryx Island (above) and Msheireb Downtown
Doha (left)

33. www.viability.ae…when diligence is due
Makkah confirmed chain hotel pipeline (1 of 2)
# Chain Brand Name Keys Stars Year
1 Anjum Hotels Anjum Hotel Anjum Hotel 1,743 5 2013
2 Best Western Best Western BW Bougary 1,200 3 2015
3 Best Western Best Western Premier BW Premier Makkah 560 5 2014
4 Elaf Elaf Elaf Bakkah Hotel 842 5 2013
5 Hilton Conrad Conrad Makkah 438 5 2014
6 Hilton Doubletree by Hilton Doubletree by Hilton Makkah 668 4 2016
7 Hilton Hilton Hilton Suites Makkah 484 5 2013
8 Hilton Hilton Hilton Makkah Convention Hotel 780 5 2015
9 Hilton Hilton Hilton Bab Makkah North 746 5 2016
10 Hilton Hilton Hilton Bab Makkah South 746 5 2016
11 Hyatt Hyatt House Hyatt House Makkah 200 3 2014
12 Hyatt Hyatt Place Hyatt Place Makkah 200 4 2014
13 Hyatt Hyatt Regency Hyatt Regency Makkah 628 5 2014

34. www.viability.ae…when diligence is due
Makkah pipeline images
Elaf Bakkah Hotel (above) and Anjum Hotel (right)

35. www.viability.ae…when diligence is due
Makkah confirmed chain hotel pipeline (2 of 2)
# Chain Brand Name Keys Stars Year
14 Makarim Makarim Makarim Shorofat Hotel 104 4 2013
15 Marriott Courtyard Courtyard by Marriott Makkah 432 4 2017
16 Marriott JW Marriott JW Marriott Makkah 639 5 2016
17 Marriott Marriott Marriott Makkah 540 5 2014
18 Mena Mena Mena Grand Mekkah 367 4 2015
19 Millennium Copthorne Copthorne Al Salam Hotel 220 4 2013
20 Millennium Copthorne Copthorne Hotel Nobola Makkah 756 4 2014
21 Millennium Millennium Millennium Hotel Makkah (Umm Al Qurah) 1,400 5 2016
22 Starwood Four Points Four Points by Sheraton Makkah 451 4 2015
23 Starwood Sheraton Sheraton Makkah 532 5 2015
24 Starwood Westin Westin Makkah 513 5 2015
25 Wyndham Ramada Plaza Ramada Plaza Makkah 792 4 2013
TOTAL 15,981

36. www.viability.ae…when diligence is due
Makkah independent & „mega‟ hotel projects
• 3.1 million Hajjees in 2012
• 17 million expected by 2025!
• Jabal Omar project:
– 38 hotel towers
– 14,000 rooms
– 34,000 beds
– Peak season capacity for 100,000 pilgrims
• Jabal Al Kaaba project – SR 10 billion - 8,500 rooms
• Railway projects:
– Mashair serving Holy Places
– Haramain High Speed Railway
– Makkah Metro

37. www.viability.ae…when diligence is due
Makkah mega project: Jabal Omar

38. www.viability.ae…when diligence is due
Riyadh confirmed chain hotel pipeline (1 of 2)
# Chain Brand Name Keys Stars Year
1 Accor Sofitel Sofitel Riyadh 404 5 2015
2 Accor Suite Novotel Suite Novotel Riyadh Dyar 90 4 2014
3 Auris Auris Auris Kan 125 4 2015
4 Best Western Best Western Best Western Al Khudair 80 3 2015
5 Best Western Best Western Best Western Ring Road 82 3 2014
6 Citymax Hotels Citymax Hotels Citymax Hotel Riyadh 96 3 2016
7 Cristal Cristal Cristal Siyaha Hotel Apartment 110 4 2013
8 Cristal Cristal Cristal Amaken Hotel 270 4 2014
9 Fairmont Raffles Fairmont Fairmont Business Gate 308 5 2014
10 Frasers Fraser Suites Fraser Suites Edafah Al Riyadh 100 5 2013
11 Hilton Doubletree Doubletree by Hilton, Riyadh Olaya 309 4 2015
12 Hilton Doubletree Doubletree by Hilton, Al Muroj 196 4 2014
13 Hilton Doubletree Doubletree Suites Riyadh, Financial District 110 4 2016
14 Hilton Hilton Hilton Riyadh King Saud University 241 5 2014
15 Hilton Hilton Hilton Riyadh King Fahd Road 204 5 2014
16 Hilton Hilton Garden Inn Hilton Garden Inn Riyadh Andalusia 130 4 2015
17 Hilton Hilton Garden Inn Hilton Garden Inn Riyadh Financial DIstrict 260 4 2016
18 Hyatt Hyatt Regency Hyatt Regency Riyadh 257 5 2014
19 Hyatt Park Hyatt Park Hyatt Riyadh 275 5 2016

39. www.viability.ae…when diligence is due
Riyadh pipeline images (1)
Clockwise from top left: Best Western Al Khudair, Sofitel Riyadh, Cristal
Amaken Hotel

40. www.viability.ae…when diligence is due
Riyadh confirmed chain hotel pipeline (2 of 2)
# Chain Brand Name Keys Stars Year
20 IHG Hotel Indigo Hotel Indigo Riyadh Financial District 225 5 2014
21 IHG InterContinental InterCon King Abdullah Financial District 220 5 2014
22 Kempinski Kempinski Kempinski Hotel Burj Rafal 294 5 2013
23 Marriott Courtyard Courtyard by Marriott Riyadh North 200 4 2017
24 Marriott Courtyard Courtyard by Marriott Riyadh Olaya Street 210 4 2015
25 Mena Mena Mena Villas Hotel Riyadh 62 5 2013
26 Mena Mena Mena Villas Hotel Suleimaniyah 30 5 2013
27 Millennium Grand Millennium Grand Millennium Riyadh 437 5 2016
28 Millennium Millennium Millennium Riyadh Hotel 350 5 2015
29 Movenpick Movenpick Movenpick Hotel Riyadh 433 5 2013
30 Rezidor Radisson Blu Radisson Blu Riyadh Ring Road 252 5 2016
31 Rezidor Radisson Blu Radisson Blu Res Riyadh Dip‟ Quarter 110 5 2016
32 Rotana Centro Centro Riyadh 150 3 2015
33 Rotana Rayhaan Rosh Rayhaan 227 5 2014
34 Starwood Aloft Aloft Riyadh 238 4 2014
35 Swiss Belhotel Swiss Belhotel Swiss Belhotel Riyadh 126 4 2014
36 Wyndham Wyndham Grand Wyndham Grand Riyadh 210 5 2014
37 IHG Crowne Plaza Crowne Plaza Riyadh - ITCC 326 5 2014
38 IHG Holiday Inn Holiday Inn Riyadh Meydan 290 4 2013
39 Rezidor Park Inn Park Inn Residence Riyadh Al Safaha 170 3 2016
TOTAL 8,207

41. www.viability.ae…when diligence is due
Riyadh pipeline images (2)
Clockwise from top left: Kempinski
Hotel Burj Rafal, Swiss Belhotel
Riyadh, Radisson Blu Riyadh Ring
Road

42. www.viability.ae…when diligence is due
Riyadh independent & „mega‟ hotel projects
• King Abdullah Financial District:
– 80 towers
– 3 million m2 of floor space
• ITCC Smart City:
– 4-tower IT park
– 760,000 m2 of floor space
• Kingdom Riyadh Land – 16 km2
• Adex Tower Hotel – 238 rooms
• 830-room Hilton?
• Huge spending on infrastructure, education, health, etc:
– “According to the designated body at the High Commission for Riyadh
Development (HCRD) that works to monitor projects in the Riyadh
province, it is currently implementing 3,088 projects across sectors at a
total cost of SR 278 billion.” Arab News

43. www.viability.ae…when diligence is due
Riyadh mega project: King Abdulla Financial Centre

44. www.viability.ae…when diligence is due
Thanks for listening
Tel +971 3 344 3734
Fax +971 4 344 0907

45. www.viability.ae…when diligence is due
Contact Viability Management Consultants
Guy Wilkinson
Managing Partner
Viability Management Consultants
PO Box 191234
Dubai
United Arab Emirates
Email: guy@viability.ae
Mobile: +971 50 450 6276
Tel: +971 4 344 3734
Fax: +971 4 344 0907
Web site:www.viability.ae