GulfBase Live Support
Swiss-Belhotel International (SBI) has announced its debut into the Holy City of Makkah with the signing of Swiss-Belhotel Al Aziziya Makkah in Saudi Arabia. Featuring 525 rooms, the upscale 4-star property is owned by Cardamom International Property Management LLC and is superbly located in the rapidly expanding hotel hub of Makkah only a few minutes? drive away from Al-Masjid Al-Haram in Al Aziziya. The hotel is expected to be ready for opening by the second quarter of 2018.
Making the announcement, Laurent A. Voivenel, Senior Vice President, Operations and Development for the Middle East, Africa and India, Swiss-Belhotel International, said “Saudi Arabia is a key development market for us and we are proud to debut in the Holy City of Makkah with this outstanding project. We are truly grateful to Cardamom International Property Management for giving us this fabulous opportunity. With its prime location and excellent facilities, Swiss-Belhotel Al Aziziya Makkah will offer a distinctive hospitality experience to pilgrims when it opens its doors early next year.”
Nawaf bin Mansour bin Saleh Al Sharif, owner of Cardamom International Property Management, said “the steady growth of religious tourism in Makkah is fuelling demand for high-quality hotels in the city. Swiss-Belhotel Al Aziziya Makkah is a very significant project for us and we are pleased to partner with Swiss-Belhotel International that is a globally successful company and well equipped to meet the needs of the Saudi hotel sector in accordance with the best international standards.”
Included in the hotel’s 525 rooms are a good mix of rooms for groups and families tailored to meet the market needs. The hotel will also feature a restaurant, a lobby cafe and extensive banquet facilities.
Gavin M. Faull, Chairman and President of Swiss-Belhotel International, said “the hospitality industry in Makkah is witnessing remarkable growth at the moment and we are very excited to be part of it. Swiss-Belhotel International is well-positioned in the Middle East region and we are confident Swiss-Belhotel Al Aziziya Makkah will add tremendous value to our growing presence in the region and further strengthen our portfolio. We look forward to a fruitful relationship with Cardamom International Property Management.”
Saudi Arabia currently has the most hotel rooms under construction in the Middle East and North Africa, with 36,742 keys in 85 projects. Makkah is one of the biggest hotel markets in the Kingdom, with 27,000 rooms (compared to 11,000 in Riyadh and 9,400 in Jeddah.
Religious tourism has a key role play in diversifying the economy with religious pilgrims currently contributing 2-3% of Saudi GDP. There are plans to roughly double the capacity to accommodate both Umrah and Haj visitors to around 15 million and five million, respectively by 2020. In addition to massive development of hotels, the Saudi government is investing in major transport infrastructure to grow tourism such as the new Jeddah airport (open 2018) and the Haramain High Speed Rail line (2018) linking the holy cities of Madinah and Makkah via King Abdullah Economic City, Rabigh, Jeddah, and the new Jeddah airport.
The MADA payment services were disrupted Sunday for the second time in less than a year affecting sale and purchase operations in shops and withdrawal of money from ATMs.
This disruption f
The MSM30 index ended lower on Sunday and closed at 4486.42 points, down by 0.20 per cent. MSM Sharia Index closed at 618.74 points, down by 0.36 per cent. Al Madina Takaful was the most active in te
Times of Oman
The Central Bank of Oman (CBO) Board of Governors held its third meeting of the year on Sunday under the Chairmanship of Sultan bin Salim bin Said Al Habsi, Deputy Chairman of the Board of Governors.
Times of Oman
The Arab Economic Outlook Report from the Arab Monetary Fund (AMF) showed that the economic activities in the Arab region have improved in 2018 because of the increase in the global demand, the rise
Berlin’s real estate market is emerging as one of the most favourite destinations for Qatari investors compared to any other big European cities due to several positive and attractive factors the Ger