PIF chairman unveils Boutique Group to develop historic palaces in KSA – Construction Week Online

PIF chairman unveils Boutique Group to develop historic palaces in KSA – Construction Week Online

HRH Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Deputy Prime Minister, Chairman of the Council for Economic and Development Affairs, and Chairman of Saudi Arabia’s Public Investment Fund (PIF), has launched Boutique Group, a hospitality brand that will manage and convert a collection of iconic historic and cultural palaces in Saudi Arabia into ultra-luxury boutique hotels. 

The company aims to revive the heritage and culture of Saudi Arabia to create a new hospitality experience. 

The first phase of the project will focus on the development of three historic palaces in cooperation with the private sector, including Al Hamra Palace that will offer 77 keys including 33 luxury palace suites and 44 luxury villas in Jeddah.