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KHC Announces 2nd Four Seasons Hotel Riyadh at Kingdom Oasis Part of Riyadh Mega Real Estate Project (16M sqm)

February 21, 2011

Kingdom Holding Company (KHC) chaired by HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud announced the development of the second Four Seasons Hotel Riyadh at “Kingdom Oasis” will be the center piece of a 3.8M sqm residential development part of the of “Kingdom Riyadh Land” that is16M sqm, will be offering unparalleled living community experience in Riyadh. The objective of the Four Seasons in “Kingdom Oasis” is to provide the best guest experience and living environment. The Oasis will complement the Four Seasons Riyadh, with a more relaxed, and entertaining environment.

Prince Alwaleed: “Our Saudi real estate projects are solid anchors for Kingdom Holding’s profitability.”

Eng. Talal Almaiman, Executive Director for Development and Domestic Investments: “This step is aimed at broadening the activities of the Real Estate Investment Company Ltd. to benefit from its marketing and operations’ ability as it owns and operates “Kingdom City” residential compound in Riyadh that is east of Kingdom Hospital in Riyadh.”

Recently, KHC announced that it had sold 1M sqm of land west of “Kingdom Riyadh land” for SR250 per sqm to the Real Estate Investment Company Ltd. (one of its subsidiaries, 38.89% owned by KHC) for the development of the second “Kingdom City” as the first “Kingdom City” was opened in 1999 and has 100% occupancy. On the east end of the “Kingdom Riyadh land” is “Kingdom Oasis” which has a main and complete infrastructure where the FS Hotel will be developed. Moreover, the Company announced that Omrania were awarded the design of the master plan design and infrastructure of “Kingdom Riyadh Land”.

At the core of the community, the Four Seasons Resort will be taking advantage of a 75,000m2 man-made lake by stretching along the waterfront. The design will have its roots in the Arab architectural tradition, with more relaxed elements in a Mediterranean resort style.

The Four Seasons will offer a world class luxury hotel of approximately 43 rooms and suites, a sophisticated variety of food and entertainment, a full service destination spa for both males and females, and a fitness center. The open air water front promenade and lakeside pathways will be the Resort circulation spine linking all guests and Private Residents together within the Resort Community. Also a signature Tent has been developed to house weddings and other joyful events with a space of 2,500 square meters.
In providing the most unique environment in Riyadh, the Four Seasons will offer the opportunity to purchase one of 75 world class luxury Private Residence Villas The Private Residences will be approximately 450 square meters in size with the option of purchasing the unit fully furnished by Four Season’s highest standard.