Jumeirah Group to Open First Saudi Hotel

Tuesday, 18th July 2017

Dubai Holding’s hospitality business, Jumeirah Group, is to operate its first five-star hotel in Mecca, The National reports.
The investment company has signed an agreement with Jabal Omar Development Company to operate a major hotel housed in four towers, overlooking Mecca’s Grand Mosque.
A study, published last month by US Commercial Real Estate Company (CBRE), states that the supply of hotels in Mecca is set to increase by more than 80% over the next five years.
Although the city currently has 45,000 rooms in 110 hotels, some 35,000 more are due to be added between 2017 and 2022. Jabal Omar Development is the firm responsible for developing more than 2 million square meters of hotel and residential tower clusters, overlooking the Grand Mosque.

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