International Hotel Investments plc - New Deal in Saudi Arabia

On 31 March 2023, International Hotel Investments plc announced that it has signed a Memorandum of Understanding (‘MoU’) with Saudi Arabia’s Jeddah Central Development Company (JCDC).  The MoU will establish a framework for Corinthia Hotels and its sister company QPM Limited, to develop and operate assets within the Marina District, which is part of the Jeddah Central 9.5 km waterfront on the Red Sea.