Ennismore signed an agreement with Olayan Financing Company (OFC) today to launch the first Mondrian hotel development in Saudi Arabia – Mondrian Riyadh Al Malga.

Set to open in 2026, Mondrian Riyadh will also be Ennismore’s first hotel in the capital, making it a significant milestone for the company’s growth in the region.

Mondrian Riyadh Al Malga Hotel and Residences will offer 200 keys, including 130 standard rooms and suites, with 25 one-bedroom, 35 two-bedroom, and ten three-bedroom serviced apartments. It will also feature three new restaurants and lounges by Ennismore’s in-house F&B concept studio, Carte Blanched, as well as generous event spaces and state-of-the-art social wellness spaces

Mondrian’s vision will be brought to life in Riyadh by designer and international award-winning interior architect Tristan Du Plessis. The hotel and development will be LEED (Leadership in Energy and Environmental Design) Certified – constructed with a focus on energy savings, water efficiency, reduced carbon emissions, and improved indoor air quality.

The Mondrian Riyadh Al Malga Hotel and Residences will be developed as part of the mixed-use Al Malga Urban Village. Located in the northern part of Riyadh, the Al Malga neighborhood is at the entrance of the recently announced 400-meter-high cube-shaped skyscraper Mukaab as part of the capital’s Murabba downtown plan. The development will be a tourism and cultural destination, including entertainment, dining, and retail, and will have an almost full-height atrium space that will contain a spiraling tower. The new Mondrian will also benefit from easy access to Boulevard Riyadh, home to high-profile events and concerts, Najd Village, and King Abdullah Financial District.

Nabeel Al-Amudi, CEO of Olayan Financing Company, commented: “We are delighted to team up with Ennismore for this exciting project, which will bring one of the world’s most sought-after hospitality brands to the Kingdom. Our partnerships with leading global players come as part of OFC’s long-term strategy to meet the evolving needs of residents and tourists in Saudi Arabia and support the Kingdom’s journey toward achieving the goals of Vision 2030, the wise leadership’s roadmap to sustainable prosperity.”

Gaurav Bhushan, Co-CEO of Ennismore, said: “We are excited to be partnering with Olayan Financing Company to bring the first Mondrian Hotel and Residence to Saudi Arabia and the first Ennismore property to the country’s capital, Riyadh. Mondrian Riyadh Al Malga will bring the city a unique lifestyle and hospitality experience. We look forward to raising the bar as a cultural and gastronomic destination for discerning travelers and locals alike.”