The holy city of Mecca is expected to witness a number of new real estate projects in hotel and hospitality field.
The annual revenues of credited hotels in Mecca approved by the Higher Tourism Authority, which reached around 450 hotels, is 450 billion SAR. Despite the revenues of other unapproved and uncredited hotels.
Abdullah Bin Hamad, a properties investor in hospitality field, in a statement to Al Riyadh Newspapaer, mentioned that the Saudi holy capital is now witnessing a number of significant infrastructure projects, in addition to the Holy Haram expansions which will absolutely take part in invigorating the properties market.
The city is expected to have hotel investments worth 500 billion SAR, as its ranked as one of the strategic locations for hotel investment around the world.