Nobu, backed by Robert De Niro, will open a hotel, restaurant and residences in Al Khobar, Saudi Arabia

A new Nobu mixed-use development comprising a hotel, restaurant and residential accommodation will open by 2024 in Al Khobar, in the Eastern Province of Saudi Arabia.

The newly announced project will be the second in the kingdom, following the Nobu Hotel which opened in Riyadh earlier this year.

Nobu was founded by Nobu Matsuhisa, Robert De Niro and Meir Teper, with the first restaurant opening in New York in 1994, and is now present in 42 cities around the world.

The project in Saudi Arabia is to be developed by Al Khobar Sands Real Estate Co. Ltd, jointly owned by Retal Urban Development Company, a subsidiary of Al Fozan Group and Assayel Arabia, a subsidiary of Ali Zaid Al Quraishi and Brothers Company (AZAQ) . Nobu Hotel, Restaurant and Residences Al Khobar, comprising 120 rooms as well as residences, will be located on the city’s beachfront.

Eng Abdullah Bin Faisal Al-Braikan, CEO of Retal Urban Development Company, said, “We are proud to partner with key international players like Nobu to contribute to the prosperity of the Saudi real estate scene. »

“Our partnership with the biggest names in the industry enables us to deliver on our promise to offer a premium portfolio of diversified real estate assets that meet the aspirations of the next generation of Saudis.

“We are delighted to see that international investors are increasingly realizing the exceptional growth opportunities that Vision 2030 continues to create in the local market. »

Princess Dr. Nouf bint Mohammed bin Fahad Al Saud said, “The Nobu Hotel, Restaurant and Residences Al Khobar project aligns perfectly with our development plan that Saudi Nobu is promulgating for Saudi Arabia in line with Saudi Vision 2030. Nobu is renowned throughout Saudi Arabia. , and we anticipate further developments in the region.

The latest opening will bring the number of GCC outlets to four, following branches in Dubai, Doha and Riyadh.

(Writing by Imogen Lillywhite; editing by Seban Scaria)

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© ZAWYA 2021

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