Saudi-listed Seera Group will soon start construction of a 200-key business hotel in AlUla, Arab News reported, citing company Vice President Fahad Al-Obailan. 

The hospitality firm expects to complete Al Baha resort by 2026, he said, adding it has received $136 million from the Tourism Development Fund (TDF) for the resort.

Al-Obailan said that the company’s hotel in Riyadh will be opened soon.

Seera has one hotel in Makkah, with two out of three hotels opened in Jeddah, the report said.

(Writing by D Madhura; Editing by Anoop Menon)

(anoop.menon@lseg.com)