The 2010 World Category Award by World Travel Awards for “Leading Mixed-use Complex” marked the tenth major award the Al Khozama Management Company (AKMC) has enjoyed within the year 2010, crowning the Al Faisaliah Center’s tenth anniversary, also celebrated this year.

The award was announced at the 17th Annual Grand Final Gala Ceremony of the World Travel Awards, which took place on Sunday 7th November in London at the Grosvenor House, A JW Marriott Hotel.

AKMC developed, owns, and manages the acclaimed Al Faisaliah Center in Riyadh, Saudi Arabia. Designed by the world renowned Lord Norman Foster, Al Faisaliah Center has been described as a city within a city, combining an ultra-luxury 5-star hotel which offers full butler service to all rooms and suites, the country’s largest column-free conference and banqueting facilities with a capacity of 4,000 guests, a lavish shopping mall housing the world-class department stores such as Harvey Nichols, Al Faisaliah Office Tower with the leading blue-chip companies’ corporate offices therein, and the iconic Globe, located atop the Al Faisaliah Tower. The Al Faisaliah Center was the product of a visionary initiative fashioned by HRH Khaled Al Faisal and executed by HH Prince Bandar Bin Saud Bin Khaled.

In a city that gracefully melds tradition with sophisticated style, the tower has transformed Riyadh’s skyline, and the complex has had a major positive impact on business and lifestyle in Saudi Arabia. Enjoying the distinction of being the first modern mixed-use development in the Kingdom, it offers a unique environment where people can work, live and relax – all in one place.

Commemorating its tenth anniversary this year, AKMC also opened a new ultra-luxury wing at the Al Faisaliah Hotel, offering 106 premier rooms and suites including the country’s largest Penthouse completed with a Spa, and an open-kitchen concept Italian restaurant, La Cucina.

“At AKMC, we pride ourselves on setting new standards and offering many ‘firsts’ for tourism, real estate development and hospitality in Saudi Arabia”, commented Chairman of AKMC, HH Prince Bandar Bin Saud Bin Khaled.

“We enjoy a unique position in the real estate development and management, and our wide range of portfolio includes owning or managing luxury hotels, apartments, office spaces and a retail mall with world-class brands. The hospitality collection includes leisure resorts and business hotels to those in religiously significant location such as the two holy cities. Our experience of managing our own properties such as Al Faisaliah Center, Al Khozama and Al Khairiah Centres in Riyadh, as well as managing a 5-star hotel in Makkah, has been quite enriching and rewarding, and we are proud to continue to contribute to the lifestyle development in Saudi Arabia”, added Prince Bandar.

AKMC’s future projects include the development of Al Faisaliah Resort & Spa in Durrat Al Riyadh in Riyadh and the management of two hotels in Madina which are planned to be opened in 2011. Additionally, AKMC is currently reviewing a number of real estate development opportunities in Saudi Arabia and the Middle East.

On the occasion of receiving the award at the World Travel Awards in London, Musaed Al Said, CEO of AKMC, stated: “Winning this award is testament to the unstinting support we had from the AKMC’s Chairman of the Board and the Directors, business partners, investors and moreover the dedication of our entire workforce”.

This year AMKC has received a number of other notable accolades, including the Middle East’s “Leading Architectural Concept” Award for the iconic geodesic dome; The Globe, and “Makkah’s Leading Hotel” Award for the AKMC-managed Al Shohada Hotel. The Chairman of the Board of AKMC; HH Prince Bandar Bin Saud Bin Khaled, was recognized by WTA as the Middle East’s “Leading Personality of the Year 2010”. The “CEO of the Year Award” for the Tourism & Hospitality sector was bestowed to Musaed Al Said, the CEO of AKMC, by ITP KSA CEO Middle East Awards.