Mantis has signed Basiqat by Mantis, an eco-resort in Al Uyaynah, 40 minutes from central Riyadh. The project is being developed by design&build in partnership with GIB Capital and the Tourism Development Fund (TDF).
The development will comprise two sites with a total of 218 keys. The complex is scheduled to open at the end of 2026.
The accommodation will include 90 suites, 66 villas, 10 Zad Palace Suites and 52 desert tents.
Mantis announces Basiqat Resort in Saudi Arabia’s Al Uyaynah under Vision 2030
Amenities will include dining venues, gardens, a hydro spa with separate male and female facilities, indoor and outdoor pools, beauty salons, a yoga pavilion and a health cafรฉ. The development will also feature a souk, a kids club and event and conference spaces.
Under Crown Prince Mohammed bin Salman’s Vision 2030 reforms, the Kingdom of Saudi Arabia has opened to international visitors. The project aims to offer guests encounters with Saudi Arabia’s landscapes, culture and heritage.
“The signing of Basiqat by Mantis marks an exciting milestone in our journey across the GCC. This project embodies our philosophy of responsible luxury, expressed through design and experiences that celebrate Saudi Arabiaโs rich culture and heritage. Basiqat by Mantis has been envisioned as a destination that invites guests to discover the Kingdom through its traditions, artistry and cuisine, and to immerse themselves in activities that awaken the senses. In partnership with GIB Capital, Design & Build and the Tourism Development Fund, we are creating a place where guests can connect deeply, explore authentically and be inspired by the cultural treasures of theย region,” Craig Erasmus, CEO, Mantis Collection said in a statement.
“Our partnership with Mantis and GIB Capital exemplifies the Tourism Development Fundโs commitment to enabling world-class projects that embody the principles of sustainability and authenticity. Basiqat by Mantis represents a new standard for hospitality in Saudi Arabia, a destination that connects guests with the Kingdomโs rich natural landscapes and cultural heritage. Through collaborations like this, we continue to advance the National Tourism Strategy and Saudi Vision 2030โs ambition to establish Saudi Arabia as a leading global destination for sustainable tourism and unique travel experiences,” Qusai Al-Fakhri, CEO of the Tourism Development Fund (TDF) added.
Basiqat by Mantis secures SAR320 million financing from Bank Albilad
“Basiqat by Mantis demonstrates GIB Capitalโs commitment to sustainable development and responsible luxury in Saudi Arabia. In line with Vision 2030, this project supports the growth of the Kingdomโs hospitality and tourism sector while also creating economic opportunities and contributing to long-term prosperity. We are proud to collaborate with Mantis, Design & Build and the Tourism Development Fund to bring a world-class, eco-consciousexperience to the region,” Osamah Shaker, CEO, GIB Capital said.
Shaker revealed that Bank Albilad has committed SAR 320 million in financing for the project.
“In a clear endorsement of the projectโs strategic importance, Bank Albilad has committed SAR 320 million in financing, reflecting its core belief in supporting the Kingdomโs Vision 2030 objectives and the growing demand for hospitality offerings in Riyadh” Shaker said adding “this marks our growing partnership with Bank Albilad as a major contributor to the Tourism industry and to Vision 2030.”
Basiqat by Mantis strengthens the brand’s entry into Saudi Arabia and its presence across the GCC. The project joins a pipeline that includes Mantis Al Baha in Saudi Arabia and Saij Mountain Lodge by Mantis in Jebel Jais in Ras Al Khaimah, UAE.
The collection also features the recently opened Hawar Resort by Mantis in Bahrain.
“Basiqat by Mantis is a complex project that aligns with d&bโs vision in the hospitality sector where the close collaboration between public and private sectors leads to inevitable success. Our priority has been to deliver the development to the highest possible standards, ensuring the project meets its scale and design ambitions. This partnership reflects the Kingdomโs Vision 2030, creating a landmark addition to Saudi Arabiaโs hospitality sector and setting a benchmark for future developments,” Abdulelah Al Mohanna, General Manager and Co-Founder, Design & Build added.
