The King Abdullah Financial District Development and Management
Company (KAFD DMC), the manager of Riyadh’s premier business and lifestyle destination, has signed
a Hotel Management Agreement (HMA) with Hilton to operate a 450-key hotel in the heart of the King
Abdullah Financial District (KAFD). The agreement, which was signed at the 9th edition of the Future
Investment Initiative (FII) in Riyadh, marks a major milestone in the execution of KAFD DMC’s
hospitality strategy to attract iconic brands to the district and bolster KAFD’s position as a leading
destination for business and leisure travel.
Saad Abdulaziz Alkroud, Chairman of the Board at KAFD DMC said: “We are excited to partner
with Hilton to enhance KAFD’s hospitality offering and firmly establish the district as a major
destination for both business and leisure travelers. KAFD’s growing hospitality offering demonstrates
our commitment to enabling Vision 2030 by developing world-class infrastructure to drive the growth
of tourism in the Kingdom.”
John Pagano, Managing Director of KAFD DMC, said: “This agreement with Hilton is a key step in
expanding KAFD’s hospitality offering, supporting the district’s role as a hub for business, investment,
and international conferences.
The hotel will complement KAFD’s integrated ecosystem of offices,
residences, retail, and event venues, providing seamless convenience for visitors and residents. With
Hilton joining KAFD, we are advancing the district’s long-term strategy to create a connected, dynamic
environment where business and lifestyle converge.”
Bringing Hilton’s flagship Hilton Hotels & Resorts brand to Riyadh’s business district, Hilton Riyadh King
Abdullah Financial District will be strategically located next to KAFD’s conference centre, offering direct
access to the district’s business and cultural ecosystem through a network of climate-controlled
skywalks. It will also connect to the upcoming monorail system, linking directly to the Riyadh Metro and
providing guests with seamless access to the wider city. King Khalid International Airport is just 25
minutes away.
Chris Nassetta, President & CEO, Hilton, said: “Hilton Riyadh King Abdullah Financial District
represents an exciting step for Hilton in Saudi Arabia. Our growth in the Kingdom has accelerated
significantly in recent years, and with over 100 hotels trading and in the pipeline, we remain confident
in the country’s inspiring future. We are thrilled to be working alongside KAFD DMC to bring our
signature Hilton hospitality to the heart of Riyadh’s financial centre and create unforgettable stays for
all our guests.”
The hotel will feature 450 modern and comfortable guest rooms and suites – blending Hilton’s renowned
service with a distinctly local experience. Guests will enjoy a wide array of dining options, including a
stylish lobby café, an all-day dining and speciality restaurants, and a poolside terrace. Additional
amenities include a fully equipped fitness centre and health club.
Designed to cater to large corporate events and social gatherings, the hotel will offer 900 square meters
of meeting and event space, including boardrooms and an executive lounge. The hotel expands KAFD’s
hospitality offering with a distinguished selection of brands catering to Riyadh’s discerning business,
leisure, and conference travelers.
KAFD continues to strengthen its role as Riyadh’s premier business and lifestyle district, bringing
together offices, residences, retail, and event venues within a fully integrated environment. With more
than 140 office tenants, 19 regional headquarters, and vibrant residential communities, the district
benefits from an expanding portfolio of luxury hotels, dining, and lifestyle options, reinforcing its position
as a central destination for business, investment, and contemporary urban living in the capital.
Hilton operates 21 hotels across the Kingdom with another 83 in the pipeline. This latest signing
reinforces the global hospitality company’s long-term commitment to supporting Vision 2030 by
expanding its footprint and delivering world-class hospitality throughout Saudi Arabia.
