Kerzner to Build Saudi Arabia’s First One & Only Resort

Kerzner International Holdings Ltd., builder of Atlantis resorts in the Bahamas and Dubai, formed a partnership to construct Saudi Arabia’s first One & Only resort.

Kerzner, based in the Bahamas, joined with Al Khozama Management Co. and Saudi Oger Ltd. to build the project north of Jeddah on the Red Sea, the companies said in a statement today. The resort is designed to include 150 rooms, suites and villas as well as restaurants, meeting rooms and a spa on 95,000 square meters (23.5 acres) of land.

To contact the reporter on this story: Zainab Fattah in Dubai at zfattah@bloomberg.net

To contact the editor responsible for this story: Andrew Blackman at ablackman@bloomberg.net

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