KAFD DMC awards Riyadh hotel fitout contract 

The contract for the 16-storey hotel has been awarded to a joint venture (JV) between SAUDICO and ALEC FITOUT.

Upasana Mukherjee February 15 2024

King Abdullah Financial District Development & Management Company (KAFD DMC) has awarded a fitout design and implementation contract for a hotel in Riyadh, Saudi Arabia.  

The contract was awarded to a JV between SAUDICO and ALEC FITOUT and encompasses the complete fit-out of the 16-storey hotel. 

KAFD DMC CEO Gautam Sashittal and SAUDICO CEO Bashir Al Azem formalised the agreement.  

The signing agreement event was attended by SAUDICO COO Kadir Karademir, and ALEC FITOUT managing director Laurent Farge, along with other executives from the partnering companies. 

Gautam Sashittal said: “With yet another state-of-the-art marvel emerging in our iconic district, it was only natural for us to partner with SAUDICO and ALEC FITOUT given their track record in delivering aesthetically pleasing and sustainable projects across the Kingdom and the GCC [Gulf Cooperation Council].” 

The new hotel, situated in KAFD, will feature 210 rooms across its 26,500m² built-up area.  

Hospitality design company LW is crafting the interior design of the property.  

The JV between ALEC FITOUT and SAUDICO will handle the fit-out, including civil and structural works, lift interiors, furnishings, and kitchen and laundry equipment, among others. 

Additionally, the JV will undertake landscaping, hardscaping, and facade works. 

This collaboration follows the completion of the Diriyah Gate Visitor Centre by SAUDICO and ALEC FITOUT.  

Last year, ALEC FITOUT received a Fit-out Project of the Year award at the Commercial Interior Design KSA Awards for the Diriyah Gate Visitor Centre project, which is an immersive and luxury hospitality and exhibition venue.  

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