IHG® Partners With The Red Sea Development Company to Open 210-Key InterContinental Resort Red Sea

IHG Hotels & Resorts | November 1, 2021

IHG® Hotels & Resorts, one of the world’s leading hotel companies, has announced the signing of a Management Agreement with The Red Sea Development Company (TRSDC), an affiliate of Saudi Arabia’s Public Investment Fund (PIF) to open the InterContinental Resort Red Sea in the Kingdom of Saudi Arabia. Situated within the premium Red Sea Development destination, the new InterContinental Resort is scheduled to open during Phase One of The Red Sea Project’s development. Activity for the first phase of development is well underway and is on track to be completed by the end of 2023.   Speaking on the announcement, Haitham Matta...