Arab Today, arab today builders flock to makkah to tap pilgrimage boom
Last Updated : GMT 15:04:52
Arab Today, arab today
Arab Today, arab today

Builders flock to Makkah to tap pilgrimage boom

Arab Today, arab today

Arab Today, arab today Builders flock to Makkah to tap pilgrimage boom

Riyadh - Arabstoday

The Saudi holy city of Makkah is proving to be the exception to a Middle East property downturn, as more and more pilgrims flock to Islam\'s holiest city and fuel a hotel construction boom. The more than 2.5 million pilgrims who flock to Makkah for the annual Haj pilgrimage, a duty for every able-bodied Muslim who can afford it, are witnessing a transformation of the city\'s skyline with luxury hotels, high-rise residential blocks and cranes now overlooking the Grand Mosque. \"Makkah has now come of age,\" said Shuja Zaidi, vice president of projects and general manager for Makkah Hilton & Towers in Saudi Arabia. A forest of high-rise buildings just next to the Grand Mosque is emerging, built by Saudi developer Jabal Omar and costing more than $5.5bn, where Hilton and others will open 26 new hotels and add 13,000 more rooms. Click here to find out more! \"But there\'s no doubt that these rooms will also be fully occupied,\" said Zaidi. \"The simple growth of the Muslim population more than justifies the expansion.\" A total of more than six million pilgrims enter Saudi for Haj and Umrah pilgrimages each year. The expected spending spree by the government and developers in Makkah and the second holy city of Medina is valued at some $120bn over the next decade and at the present there are $20 billion of projects underway in Makkah alone, according to Banque Saudi Fransi. Marriott International Inc and Hyatt International have also announced plans to manage and operate hotels built by Jabal Omar. That is expected to boost Makkah\'s ability to accommodate pilgrims by at least 50 percent over the next decade. Bringing more Muslims to the holy city for salvation, according to the writs of Islam, is something Saudi Arabia sees as its duty and the kingdom has been behind the drive to develop and expand the city, despite grumblings by detractors. \"This is an absolute contradiction to the nature of Makkah and the sacredness of the House of God,\" Sami Angawi, an expert on Makkah and Medina based in Jeddah. \"Both [Makkah and Medina] are historically almost finished. You cannot go around a central area, and you do not find anything except skyscrapers.\" The world\'s largest clock tower, in the style of Big Ben, now towers over a high-rise hotel facing the Kaaba, the ancient Makkah shrine that Muslims around the world face when they pray. Makkah has traditionally offered non-serviced accommodation for pilgrims, such as small rooms with basic facilities for washing and resting. They were seen as short-term, temporary residents, some even staying in private homes in Makkah for a small charge. But all this has changed over the last few years with big, international and regional hospitality groups moving into Makkah. Branded luxury hotels with 24-hour service from a team of male staff is now commonplace for tourists and pilgrims. The rooms are utility-based, with bath tubs replaced with showers and facilities for ritual ablution. Commercial space close to the Grand Mosque can sell for as much as $100,000 per square metre, property experts claim, making it one of the most expensive, if not most expensive, in the world. By comparison, the most expensive street in the world, reputed to be an avenue in Monaco, is estimated at around $180,000 per square foot. Dubai developers Emaar Properties and Damac Properties as well as construction firm\'s Arabtec and Drake and Scull are also anxious to get into the Saudi market. Those companies, along with rivals from Qatar, Kuwait and Egypt are betting that success in Makkah could give them an edge in penetrating the broader Saudi market, which is seeing a severe housing shortage due to the kingdom\'s booming population. Banque Saudi Fransi estimates private and public developers need to build about 275,000 homes per year though 2015 to meet the country\'s demands for about 1.65 million new homes. \"Our biggest backlog of about 50 percent, which comes to AED7.5bn ($2bn), is in Saudi Arabia,\" said Zeina Tabari, chief corporate affairs officer at Drake. \"We are tendering for a lot of projects in Jabal Omar and around the Makkah area. We expect a tremendous upside in Saudi Arabia.\" Later this month, the Saudi government is hosting a gathering of officials, developers and builders at a \'Future Makkah\' summit on the city\'s breakneck expansion.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today builders flock to makkah to tap pilgrimage boom Arab Today, arab today builders flock to makkah to tap pilgrimage boom

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today builders flock to makkah to tap pilgrimage boom Arab Today, arab today builders flock to makkah to tap pilgrimage boom

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today unveils Joon - the 'millenials' airline

GMT 13:36 2017 Saturday ,23 September

unveils Joon - the 'millenials' airline
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today US-made bomb used in fatal strike

GMT 10:16 2017 Saturday ,23 September

US-made bomb used in fatal strike
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today All eyes on May as she prepares

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Carmakers face billions in European

GMT 12:37 2017 Saturday ,23 September

Carmakers face billions in European
Arab Today, arab today Mercedes pumps 1 bln euros    

GMT 06:04 2017 Friday ,22 September

Mercedes pumps 1 bln euros    
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 18:09 2017 Thursday ,21 September

China lifts 10-year travel ban

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 18:03 2017 Thursday ,21 September

Alarm over flesh-eating ulcer cases

GMT 06:49 2017 Friday ,22 September

O'Leary: Could ground more planes

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday