Hotel Sector Investment, on 1.6 mln sq.m, in Madinah

A project to develop and construct the hotel sector, in Madinah, implemented by Roaa Al-Madinah Holding Company, added as much as SR140 billion to the local product, as it is one of the most important and largest projects of the Public Investment Fund with an estimated area of 1.6 million square meters.

CEO of the company, Eng. Khaled bin Mohammed Al-Telmisani explained that the real estate development sector, is an important part of the objectives of the future of the Kingdom 2030, for its role in enhancing local content and actively contributing to the strengthening of the Kingdom’s economies.

The Saudi vision represents one of the most important pillars of the visions of the company’s strategy from its remarkable interest in the field of contracting and real estate development, as well as its association with a number of goals to enhance transformation requirements, he stressed.

Quality of life programs, attention to the environment, green environmentally friendly cities, humanization of cities and removal of visual distortion, through relevant ministries such as the Ministry of Municipal and Rural Affairs and Housing, with the aim of enhancing the architectural and functional value of housing and to preserve, as much as possible, the urban architectural heritage, he concluded.