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Jabal Omar - Phase 1
Overview
Establishing the first phase of Jabal Omar Development Project in Makkah, adjacent to Masjid Al Haram, over an area of 523,000 square meters. The phase includes establishing four podiums, ten hotel towers, 2,768 hotel rooms, a 4-storey shopping mall and 97 villas and hotel apartments.
The entire project consists of 45 towers, 13,107 hotel and residential rooms, in addition to 204 villas.
Project Information
- Real Estate > Landlords and developers
- The Hilton Makkah Hotel was opened in July 2013, and the two commercial markets in the area (S1/S2) were operational by the end of 2014.
- The Makkah Marriott and Hyatt Regency Makkah hotels opened in June 2015.
- The percentage of what was implemented in this stage reached 96% by the end of 2015, and it was expected to be completed in February 2016, instead of 2015 due to the fact that the project is in the central area and next to the Grand Mosque, and the competent authorities asked the Jabal Omar Development Company to stop work in the Ramadan and Hajj seasons from each general.
- The Conrad Makkah Hotel was opened in June 2016 in the S2 area, and it consists of two towers (each tower has 20 floors) and contains 440 rooms.
- A consultant (Cordroid International Company) was appointed to estimate the total cost of the entire project, which will be implemented in 7 phases, and it was estimated at 57 billion riyals, including the value of the land.
- The Jabal Omar Hilton Hotel and Conference Hall was opened in March 2017, and contains 20 floors, and 764 hotel rooms and suites, and the company expects its financial impact to appear in the third quarter of the same year.
- The stage was launched at the end of May 2017.
- The company announced the completion of the project's land development phase and the introduction of all infrastructure services during the fourth quarter of 2021.
Owners
Related Parties
Financing Sources
Project Developments
A look at Jabal Omar's latest project developmentsArgaam Special22/04/2020
Jabal Omar CEO says financial transformation plan to enhance capital sustainabilityArgaam Special21/10/2021
Jabal Omar says spent SAR 2.27 bln out of rights issue proceedsArgaam04/08/2016
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