Aman Resorts announces new Saudi...

The project will feature 42 hotel and villa keys and 30 branded private residences

Aman Resorts is partnering with KUN Investment Holding and AlUla Development Company to create the Aman Hegra project.

The project will cover an eight-million sq m site in Hegra, Saudi Arabia's first Unesco World Heritage Site.

A strategic shareholders’ agreement was signed between the two parties in the presence of His Highness Prince Badr bin Abdullah bin Farhan Al Saud, who serves as the minister of culture, governor of the Royal Commission for AlUla, and chairman of the board of directors of AlUla Development Company, which is fully owned by the Public Investment Fund (PIF).

The signing ceremony, held in AlUla, was also attended by KUN Investment Holding chairman, Abdullah Saleh Kamel, and AlUla Development Company managing director, Naif Saleh AlHamdan. Mohammed N. Hefni, CEO of KUN Investment Holding, and Fabien Toscano, CEO of AlUla Development Company, officially formalised the collaboration by signing the agreement.

Hefni said: "We are delighted to announce the collaboration with AlUla Development Company on the Aman Hegra project. This groundbreaking development marks an important moment in Saudi Arabia's tourism and hospitality landscape aligning with the Kingdom's vision 2030.”

Toscano added: "The collaboration with KUN Investment Holding represents a groundbreaking step in our mission to build and operate elevated assets in AlUla. The Aman Hegra project aligns with our commitment to fostering sustainable environments, unlocking the potential of this remarkable destination."

KUN Investment Holding will take the lead in developing the project with strategic support from AlUla Development Company.

For more information, visit www.aman.com

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