The Indian Hotels Company Limited (IHCL) announced its foray into the Holy City of Makkah, Saudi Arabia, with a partnership with Umm Al Qura Development and Construction Company in the prestigious King Abdul Aziz Road (KAAR) project, one of the largest urban rejuvenation projects in the city of Makkah.
This hotel will be IHCL’s fourth venture in the MENA region. The company manages Taj Dubai located in the BurjKhalifa downtown area. It will also open another two hotels in Dubai in the next twelve to eighteen months.
The proposed hotel is conveniently situated within walking distance of the Grand Mosque (Masjid Al-Haram), the main attraction for over 6 million pilgrims who visit the city each year. It will also be in close proximity to commercial offices, retail stores and restaurants within KAAR project. The hotel, scheduled to open in January 2023, will have approximately 340 keys, banqueting facilities and several restaurants to serve all tastes.
Commenting on the signing of this agreement, Puneet Chhatwal, Managing Director and Chief Executive Officer at The Indian Hotels Company Limited (IHCL) said, “This signing is aligned to our strategy of a strong focus on global growth markets and to be present where our guests travel to. We are committed to expanding our presence in the MENA region.”
Commenting on the partnership, Eng. Mohammad Al Ganawi, Chief Executive Officer of Umm Al Qura Development and Construction Company said, “We look forward to working with them to bring the iconic Taj brand to the unique development project in Makkah.”
Umm Al Qura for Development & Construction Company is a joint stock company for the purpose of the development, construction and operation of King Abdul Aziz Road (KAAR) Project in the Holy City of Makkah.
The Indian Hotels Company Limited (IHCL) is amongst South Asia’s largest Indian hospitality company by market capitalization. It is primarily listed on the BSE and NSE.
