InterCon inks Saudi deal

22 June 2009

InterContinental Hotels Group (IHG) has signed an agreement with Saudi Arabia's Rayadah Investment Co, a subsidiary of the Public Pension Agency, for the operations and management of Crowne Plaza Hotel in Riyadh's Information Technology and Communication Complex (ITCC). Rayadah has committed SR6.2bn for the development of the ITCC project, said PPA Gov. Mohammed bin Abdullah Al-Kherashi.

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