Ascott has announced new contracts to manage its first two serviced residences in Al Khobar, one of the main metropolitan cities in Saudi Arabia.
Ascott Corniche Al Khobar (172 units) and 133-unit Somerset Downtown Al Khobar are set to open in 2018 and 2019 respectively, and bring Ascott’s Middle East presence to more than 2,300 apartment units across nine cities. Seven more properties are planned over the next three years, on track to achieve 5,000 serviced residence units in the Middle East by 2020.NEWS-RELEASE-ASCOTT

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