Saudi Press

Saudi Arabia and the world
Thursday, Jul 18, 2024

Jabal Omar Development Co. receives license to operate 5-star tower

Jabal Omar Development Co. receives license to operate 5-star tower

Jabal Omar Development Co. has been handed the license to operate the first tower of Saudi Arabia’s Jabal Omar Address hotels in Makkah.
The development consists of two towers, both of which contain 44 hotel floors and two helipads.

The first structure features 742 rooms and suites, and will also include two restaurants, a cafe, meeting rooms, and a business center.

In addition to this, it will be home to executive lounges, multi-purpose halls, a fitness center, a health club, and commercial spaces.

Furthermore, the hotel is known to be home to the highest-hanging mosque in the world overlooking the Kaaba.

The real estate company is currently working on the handover of the second tower to the operators.

Jabal Omar Development Co. is also working on concluding the necessary procedures to obtain permits from the relevant authorities in order to operate the tower.

This comes as the launch of the hotel cements the implementation of the strategic transformation plan, which enables the company to keep pace with the goals of the Kingdom’s Vision 2030.

The hotel will also contribute to enhancing the quality level in the Kingdom’s tourism and hospitality sector.

The operation of the hotel is forecasted to bring about a positive financial impact on the company’s revenues during 2023.

Amid global economic uncertainties triggered by high inflation, geopolitical tensions, and rising interest rates, Saudi Arabia’s tourism sector is proving resilient, according to professional services network firm PwC Middle East.

In a report released earlier this month, the company revealed that the Kingdom received almost 6 million visitors in the fourth quarter of 2022, up 47 percent compared to the same quarter in 2019.

Saudi Arabia’s National Tourism Strategy aims to attract 100 million visitors by 2030, along with increasing the contribution of the sector to the Kingdom’s gross domestic product to more than 10 percent. The strategy also eyes creating an additional 1 million jobs in the Kingdom.
Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
Japan to Allocate $3.3 Billion to Ukraine Using Frozen Russian Assets
Google and Microsoft Now Consume More Power Than Several Large Countries
Increased Security for Trump After Assassination Threat
New AI Chipset Set to Revolutionize ChatGPT
Thai-Saudi Investment Roadshow Yields 100 Partnerships
Trump Media Shares Surge Following Re-Election Bid Boost
Russia's Electronic Warfare Neutralizes Western Weapons in Ukraine
Trump Challenges Biden to Debate and Golf Match
Macron Accuses Israeli Minister of Election Interference
US Senator Highlights Weaknesses in Western Military Industry During Ukraine Conflict
George Clooney Urges Biden to Withdraw from Presidential Race
Political Shift in the UK: A Detailed Analysis of Labour's Victory and Future Prospects
Viktor Orbán's Peace Mission: A Diplomatic Controversy in the EU
UAE Court Sentences 43 to Life Imprisonment Over Terrorist Links
Spain PM Pedro Sanchez Denounces Double Standards on Gaza at NATO Summit
Biden Affirms Commitment To Presidential Race
Putin Hosts PM Modi for a Private Meeting
2024 Predicted to Be World's Hottest Year
Iran's President-Elect Masoud Pezeshkian Reiterates Support for Hezbollah
Biden Insists on Continuing Presidential Race Amid Criticism
Macron Faces New Political Challenges Despite Election Relief
US Officials Resign Over Biden's Gaza Policy
Campaigners Push for Emergency Uplift Visa for Palestinians Escaping Gaza Conflict
Netanyahu Criticizes Release of Gaza Hospital Head
UK Government and British Airways Sued Over 1990 Kuwait Hostage Incident
Afghan Women's Rights Declared Internal Issue by Taliban
UK Appeals to ICC May Delay Arrest Warrants for Israeli Leaders
ZATCA Allows Non-citizens to Participate in Auctions
UK Investors Encouraged to Enter Saudi Sports Market
Saudi Arabia's Remarkable Position for Sustained Economic Growth
Iran's Presidential Election: A Close Race
Iran Threatens Retaliation if Israel Attacks Lebanon
EU Enforces Sanctions on Hamas Financiers
Turkey Removed from Financial Watchdog's Grey List
WikiLeaks Founder Julian Assange Returns to Australia as a Free Man
Chaotic Portugal Win Over Turkey at Euro 2024
United States Bans Kaspersky Antivirus
Global Displacement Crisis: Record Numbers in 2023
White House Cancels US-Israel Meeting Amid Netanyahu's Accusations
Hezbollah Chief Threatens All of Israel Amidst Escalating Conflict
Muslim Community Leader Criticizes Nigel Farage for Undermining Muslims
Canada Lists Iran's Revolutionary Guards as Terrorist Group
Iran Sentences Nobel Laureate Narges Mohammadi to 1-Year Prison Term for Propaganda
Good day, everyone! We've got a lively mix of stories today, from financial recoveries and international sanctions to...
Giorgia Meloni Comments on Israel's Conflict and EU's Stand on Ukraine Loan
Israel Plans Tactical Pause For Aid Deliveries in South Gaza
Giorgia Meloni Comments on Israel's Conflict and EU's Stand on Ukraine Loan
Over 1.5 Million Pilgrims Arrive in Mina for Hajj
Japan Considers Sanctions on UAE-Based Entities for Aiding Russia
Global Headlines: Pope’s Plea on AI, Tensions in Ukraine, and Japan’s Sanction Strategy
×