Al Ahli Capital plans to build three hotel towers and a shopping center on an area of 10,000 square meters, and then lease and sell them according to the investment strategy adopted by the fund, as part of the policy adopted by the recently launched Al Ahli Hospitality Fund in Makkah with a capital of 647 million riyals.

Al Ahli Capital intends to build three hotel towers and a shopping center on an area of 10,000 square meters, and then lease and sell them according to the investment strategy adopted by the fund.

The 21-storey hotel project is located in Al Aziziyah neighborhood on King Khalid Road in Makkah, and the project will be allocated a total construction area of 120,000 square meters, with a capacity of 8,000 guests and a net leasing area of 7,600 square meters.

The 21-storey hotel project is located in Al Aziziyah neighborhood on King Khalid Road in Makkah.

"Investment in the hospitality and religious tourism sector, especially in Makkah and Medina, contributes effectively to the diversification of the Kingdom's economic resources, and we at Al Ahli Capital are committed to providing our clients with the best investment opportunities, given the expected growth in the volume of demand and the large removal operations carried out in Makkah to enhance infrastructure."

On this occasion, Sarah bint Jammaz Al Suheimi, CEO of Al Ahli Capital, explained that "investment in the hospitality and religious tourism sector, especially in Makkah and Medina, contributes effectively to the efforts to diversify the Kingdom's economic resources.