مكة للإنشاء توقع عقد تجديد غرف الفندق والأبراج بقيمة 372 مليون ريال

The project's financial impact will be recognized as capital expenditure during the execution period

Makkah Construction and Development Co. (MCDC) signed a 19-month contract on July 6 with Roots Innovative Industrial Co. to carry out renovation works for Makkah Hotel and Towers.

 

 

In a statement to Tadawul, the company said the total contract value is SAR 372 million, excluding VAT.

 

The work will be carried out in phases under the approved execution plan, with activities scheduled to accommodate peak seasons and ensure uninterrupted operations, including during Ramadan and Hajj season.

 

The company expects the project's financial impact to be recognized as capital expenditure during the execution period. It added that, upon completion, the renovation is expected to support the long-term performance and enhance the competitiveness of Makkah Hotel and Towers. However, the impact on operating results cannot be accurately determined at this stage, as it will depend on the progress of execution and market conditions.

 

Makkah Construction noted that Chairman Saleh Binladen is a related party.

 

Highlights

Item

Details

Project

Renovation of hotel rooms and towers as part of the Makkah Hotel and Towers refurbishment project

Company

Makkah Construction and Development Co.

Contractor

Roots Innovative Industrial Co.

Contract value

SAR 372 million

Project objective

Enhance guest experience, upgrade room quality, support long-term performance, and strengthen the asset's competitiveness

Additional project works

Upgrading public areas, reception areas, restaurants, selected supporting facilities, and improvement and construction works

Project execution period

Phased implementation through January 2028

Peak season considerations

Work scheduled to ensure full operations during Ramadan and the Hajj season

Hotel before Phase 1

614 keys

Hotel after completion of Phase 1*

609 keys

Hotel after completion of subsequent phases

619 keys

Expected increase in hotel keys

5 keys

Hotel renovation period

July 2026 to January 2027

Towers before renovation

824 keys

Towers after completion**

Up to 883 keys

Expected increase in tower keys**

Up to 59 keys

Tower renovation period

July 2026 to January 2028

Hotel renovation phases

Phase 2: July 2026 to October 2026; Phase 3: October 2026 to January 2027

Tower renovation phases

Tower 2: July–October 2026; Tower 5: October 2026–January 2027; Tower 3: June–September 2027; Tower 6: September 2027–January 2028
* The decline in the total number of hotel keys after Phase 1 is due to the reconfiguration of hotel units, with the layout changing from 107 rooms and three suites to 98 rooms and seven luxury suites.

** Estimate.

 

Makkah Hotel and Towers Rooms Renovation

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2026, Argaam Investment, All Rights Reserved
Call Request