Dur Hospitality to develop five-star property in Madinah, Saudi Arabia

Dur Hospitality to develop five-star property in Madinah, Saudi Arabia
The land on which the property is being built is close to the Prophet's Mosque, on Abu Obeida bin Jarrah Road
Published: 3 November 2019 - 6:30 a.m.
By: Priyanka Praveen
Saudi Arabia-based Dur Hospitality has signed a Memorandum of Understanding (MoU) with the General Authority for Awqaf to develop a five-star hotel in Madinah.

According to a report in the Saudi Gazette, under the MoU, property number 125 will be leased to Dur Hospitality’s subsidiary, Makarem Hotels, which specialises in serving the holy cities of Saudi Arabia.

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The land on which the property is being built is close to the Prophet's Mosque, on Abu Obeida bin Jarrah Road.

Emad bin Saleh Al-Kharashi, the governor of the General Authority for Awqaf, said this agreement is in line with the targets set for Saudi Vision 2030 that aims to raise the sector’s contribution to GDP by 5% .

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