Riyadh - Sharikat Mubasher: The British luxury hotel chain Rocco Forte Hotels plans to boost direct investments in Saudi Arabia and the Middle East, according to Executive Chairman Rocco Forte.

The hotel group also plans to open a regional headquarters in Riyadh to increase its investments in the Kingdom, Forte stated in an interview with Al Eqtisadiah newspaper on the sidelines of the third edition of the Private Sector Forum, organized by the Saudi Public Investment Fund (PIF) on 12 and 13 February.

With extensive expertise in hotel management, the company is exploring the possibility of establishing two hotels in Diriyah and the Red Sea Project.

Forte highlighted PIF’s pivotal financial support, emphasizing that the partnership aligns with the long-term vision of both entities.

In 2023, PIF acquired a 49% stake in Rocco Forte Hotels to accelerate the hospitality group’s expansion in existing and new global markets.