NEOM signs deal with Marriott International to open three hotels by 2024 

Marriot’s Luxury Collection will offer a beach resort with 70 luxury rooms and suites (Shutterstock)
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Updated 08 March 2023
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NEOM signs deal with Marriott International to open three hotels by 2024 

RIYADH: Saudi Arabia’s $500 billion giga-project NEOM has signed an agreement with Marriott International Inc. to open three hotels in Sindalah, NEOM’s first luxury island. 

The deal includes the establishment of the Kingdoms’s first Autograph Collection Hotel property by Marriott as well as two Luxury Collection properties that are expected to open in 2024. 

The first Luxury Collection hotel will offer a beach resort with 70 luxury rooms and suites including villas with private pools that range from one to four-bedroom residences. 

The second property is set to be an all-suite hotel with 115 one to three-bedroom suites and will be located at the center of the retail and marina district in Sindalah. 

“NEOM is one of the most highly anticipated developments in the world and we look forward to working with its team to develop these three exciting properties,” said Jerome Briet, chief development officer, Europe, Middle East, and Africa, Marriott International.   

Marriot’s Autograph Collection hotel in Sindalah plans to include 66 rooms and suites, one and two-bedroom villas, dining options, a kids club, and a spa. 

“We are thrilled by the prospect of working together and look forward to building a hospitality experience that captures the spirit of Sindalah’s year-long appeal while creating unforgettable memories for our guests,” added Chris Newman, executive director of hotel development at NEOM 

Sindalah is set to be the first to welcome guests of a group of islands being developed in NEOM and aims to be among the most appealing destinations on the Red Sea. 

The island extends across 840,000 sq. m and is a 17-hour sail from the Mediterranean including an 86-berth marina for yachts up to 75 m. The island will also include over 400 premium hotel rooms and 300 suites. 

“The Luxury Collection and Autograph Collection Hotels properties will express their unique personality inspired by the exceptional natural landscapes of NEOM. We continue to see growth opportunities for our brand portfolio within the destination and Saudi Arabia overall,” Briet added. 


Work suspended on Riyadh’s massive Mukaab megaproject: Reuters

Updated 27 January 2026
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Work suspended on Riyadh’s massive Mukaab megaproject: Reuters

RIYADH: Saudi Arabia has suspended planned construction of a colossal cube-shaped skyscraper at the center of a downtown development in Riyadh while it reassesses the project's financing and feasibility, four people familiar with the matter said.

The Mukaab was planned as a 400-meter by 400-meter metal cube containing a dome with an AI-powered display, the largest on the planet, that visitors could observe from a more than 300-meter-tall ziggurat — or terraced structure —inside it.

Its future is now unclear, with work beyond soil excavation and pilings suspended, three of the people said. Development of the surrounding real estate is set to continue, five people familiar with the plans said.

The sources include people familiar with the project's development and people privy to internal deliberations at the PIF.

Officials from PIF, the Saudi government and the New Murabba project did not respond to Reuters requests for comment.

Real estate consultancy Knight Frank estimated the New Murabba district would cost about $50 billion — roughly equivalent to Jordan’s GDP — with projects commissioned so far valued at around $100 million.

Initial plans for the New Murabba district called for completion by 2030. It is now slated to be completed by 2040.

The development was intended to house 104,000 residential units and add SR180 billion to the Kingdom’s GDP, creating 334,000 direct and indirect jobs by 2030, the government had estimated previously.

(With Reuters)