Global investment conglomerate Dubai Holding and Jabal Omar Development Company, one of the Middle East’s largest real estate company, have signed an agreement to develop a new hotel in Makkah, Saudi Arabia.

Managed by Jumeirah Group, a world-renowned luxury hospitality brand, the five-star Jabal Omar Jumeirah Makkah Hotel is within walking distance from the holy mosque and comprises four towers with stunning views of Masjid-al-Haram.

The hotel will include 1,033 guest rooms along with 93 villas and will feature a variety of food and beverage offerings, meeting facilities, executive lounge, gymnasium and over 90 retail units throughout the complex. The hotel will be operational in early 2019.

With this strategic addition, Jumeirah Group has expanded its global reach to 22 luxurious hotels and resorts managing 7,164 hotel rooms around the world.

Commenting on the agreement, Yasser Al Sharif, chief executive officer, Jabal Omar Development Company, said: “Jabal Omar Development Company is committed to offering guests of Masjid-al-Haram and visitors to the Holy Capital superior hospitality services, in accordance with the highest international standards. We are pleased to work with an established global hospitality brand grown in our region, such as Jumeirah Group, and we look forward to a fruitful cooperation to reap mutual benefit for our guests and shareholders alike.”

Edris Al Rafi, chief executive officer of Dubai Holding, said: “Dubai Holding takes great honour in announcing the addition of this unique property to the Jumeirah Group portfolio. As the company embarks on its next phase of growth, adding such a strategic and large hotel to the portfolio is a key milestone in our ambitious international expansion strategy. Jabal Omar Jumeirah Makkah Hotel will significantly boost its growth in the coming years. It will also mark the Group’s first presence in the Kingdom of Saudi Arabia in Makkah, one of the holiest sites in the world and the highest in real estate value.”

Jumeirah Group is one of the world's most luxurious hotel groups that operates a world-class portfolio of hotels and resorts including the flagship Burj Al Arab Jumeirah. The group’s portfolio includes hotels and resorts in Dubai, Abu Dhabi, Kuwait, Frankfurt, Mallorca, London, Maldives and Shanghai. - TradeArabia News Service