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WHAT HAPPENED
Blacksand and Marriott have signed a SR5 billion agreement to develop 10 hotels in Saudi Arabia, adding over 1,300 rooms.
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KEY POINT 2
The deal is part of a broader national push to attract 150 million annual visitors by 2030 through massive tourism investment.
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KEY POINT 3
Real estate development firm Blacksand and global hospitality group Marriott have signed a SR5 billion ($1.33 billion) agreement to develop 10 hotels in Saudi Arabia.
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KEY POINT 4
The partnership, announced in June at the Future Hospitality Summit in Riyadh, will add more than 1,300 rooms to the country's accommodation capacity over the next four years.
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KEY POINT 5
The deal is expected to create almost 11,000 jobs across the construction and operation of the facilities.
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