Saudi Arabia's Jabal Omar Development Company said it has secured a SR4 billion ($1.07 billion) loan to refinance part of an existing facility it signed in 2012 to fund its real estate project in Makkah region of the kingdom.
Arcadis, a leading natural and built asset design and consultancy firm, said it has been awarded a major contract by the Saudi Arabian government to develop a water, wastewater, treated sewage effluent and an asset management master plan for Mak
UK-based Hydro International, a major player in the water and wastewater sector, has completed the stormwater attenuation and underground storage work for the Al Haramain High-Speed rail project in Saudi Arabia.
Al Marwa Rayhaan by Rotana, a luxury hotel in Makkah, Saudi Arabia, was voted “Makkah’s Leading Hotel” at the Middle East Gala Ceremony - World Travel Awards (WTA) held at the JW Marriott Marquis Dubai, UAE.
Dubai hotels saw year-on-year declines in occupancy (-3.9 per cent), average daily rate (ADR) (-6.5 per cent) and RevPAR (-10.2 per cent), during the Eid Al Adha, the three-day celebration which fell on a weekend in 2014 versus on weekdays in 20
During this year’s Haj season, Anjum Hotel, a luxury hotel in Makkah, Saudi Arabia, welcomed over 50,000 pilgrims from 23 different nationalities.
The hotel staff ensured quick and smooth delivery of hotel’s five-star servic
Saudi Arabia’s Endowments Committee at the Makkah Chamber of Commerce owes more than SR30 billion ($7.9 billion) in reimbursements to owners of appropriated lands for expansion project in Makkah, according to a report.
Al Anwa for Investment & Real Estate Development, the property arm of Saudi-based Al Ibrahim Investment Group, has announced plans to develop a series of hospitality projects on a 30,000-sq-m area at prime locations in Makkah, Saudi Arabia.
Saudi Arabia's retail gold merchants used to look forward to brisk sales during the annual hajj pilgrimage to Makkah but lingering economic hardships since the Arab Spring have left shops eerily empty this year, retailers said.
Adbul Latif Jameel Real Estate Investments Company (ALJREIC), a leading developer in Saudi Arabia, said it has opened the largest hotel in the kingdom's Makkah region.
The hotel was inaugurated in the presence of Prince Sultan