AL KHOZAMA Management Company, a leading luxury commercial property development, investment and management company in the Kingdom of Saudi Arabia, has announced the signing of an agreement with Al Rawabi Regional Company, Hotels, Resorts & Spa to manage the first luxury Al Faisaliah Resort & Spa, A Rosewood Resort in the Kingdom. The announcement was made at a press conference in Riyadh Tuesday by Prince Bandar Bin Saud Bin Khalid, Chairman of Al Khozama Management Company, in the presence of Hamza Al Attas, Managing Director of Al Rawabi Regional Co. Scheduled to open in the second quarter of 2013, Al Faisaliah Resort & Spa is located in Durrat Arriyadh, Saudi Arabia's first gated residential neighborhood, situated just north of Riyadh. The premium hotel resort, to be managed by Al Faisaliah Hotel through Rosewood Hotels & Resorts, comprises 153 rooms and suites and features four private swimming pools, a banquet hall to accommodate 1,500 persons, 10 lavishly appointed villas and three signature indoor and outdoor restaurants. The hotel is also home to the largest luxury spa in the Kingdom. Prince Bandar Bin Saud said “Al Khozama has been redefining the hotel features and service standards of the Kingdom's hospitality industry, contributing substantially to SCTA's initiatives. By assuming management of this resort hotel, Al Khozama will be extending its renowned hospitality to a new destination and enabling guests to enjoy its unrivalled levels of service and attention to detail. We are delighted to be partnering with Al Rawabi Regional Company on this prestigious project." A dynamic newcomer to the Kingdom's hospitality and leisure industry, Al Rawabi Regional Co. was established a year ago, with Al Faisaliah Resort & Spa a flagship property for the company. Al Attas said “an ultra-luxury resort requires exceptional management to be able to deliver the best service and guest offering. There is no doubt that Al Khozama is a clear leader in this regard and we are proud and privileged to be working together on Al Faisaliah Resort & Spa." Al Khozama's ambitious expansion plans for its hotel management portfolio also include a four-star deluxe hotel located north of Jeddah, and the five-star Al Faisaliah Hotel in Madinah, scheduled to open in the second half of 2013. Commenting on the agreement, President of Rosewood Hotels & Resorts, Radha Arora, said: “Together with our long-term business partners, Al Khozama, we are delighted to be extending our management portfolio to new destinations. Al Faisaliah Resort & Spa offers a new and exciting opportunity for both Rosewood and Al Khozama to extend their collective expertise into a resort and spa offering that transcends what is currently available in the market today. We have no doubt that Al Faisaliah Resort & Spa is destined to become one of the most desirable destinations in the Kingdom." — SG