Madinah Visions aims to add an estimated 240,000 guests per day in approximately 80 hotels. <By developing the area east of the Prophet's Mosque, which covers an area of 1.3 million square meters, the company aims to add an estimated hotel capacity of 240,000 guests per day in about 80,000 hotel rooms and provide about 500 residential units, in addition to spaces that will be dedicated to prayer that can accommodate more than 200,000 worshipers. The farthest point of the project is only 1,000 meters from the eastern wing of the Prophet's Mosque. The company's work includes developing an integrated system of hotel, commercial and residential projects, in addition to developing and preparing centers and museums to enhance the religious, cultural and historical aspects and local content of Medina, as well as building strategic partnerships and providing meaningful investment opportunities for the participation of investors and the private sector, and the project aims to take into account the sanctity of the Prophet's Mosque and create an integrated system of pedestrian paths separated from vehicle traffic and develop public transport stations located at the end of the pedestrian corridors.
The establishment of the company comes at the end of the pedestrian corridors. The establishment of the company comes in line with the Kingdom's Vision 2030, which aims to increase the capacity to receive pilgrims, enrich their religious journey and cultural experience, and provide the opportunity for the largest possible number of Muslims to visit the Prophet's Mosque, as initial estimates show that the total number of visitors to Medina is expected to reach 23 million visitors annually by 2030.
Preliminary estimates show that the total number of visitors to Medina is expected to reach 23 million visitors annually by the year 2030.
The project will contribute to the development of the project. The project will contribute to the creation of up to 200,000 jobs and add an estimated 7 billion riyals to the local economy annually.
Planning is underway to break ground on the project. It is planned to lay the foundation stone of the project and start implementing the infrastructure during 2018, God willing, and the project will start operating in 2023.
The project will contribute to 200,000 jobs and add an estimated 7 billion riyals to the local economy annually.
