Saudi Arabia's retail gold merchants used to look forward to brisk sales during the annual hajj pilgrimage to Makkah but lingering economic hardships since the Arab Spring have left shops eerily empty this year, retailers said.
Prices of hotels around the Grand Mosque in Makkah have dropped by as much as 150 per cent due to the development projects in the area which include a considerable number of construction and hotel projects, a top official said.
Swissôtel Makkah, one of the largest hotels in Saudi Arabia which boasts of 1,487 rooms and suites, is set to open its doors to the public on the first day of Ramadan next month.
A part of luxury hotel company Swissôtel Hotels and Resorts,
Marriott International said it has signed an agreement with Jabal Omar Development Company to manage three hotels in Makkah.
The hotels - 636-room luxury JW Marriott Hotel Makkah, 540-room deluxe Makkah Marriott Hotel and the 432-room
His Majesty King Hamad last night announced the funding of a new grand mosque - where Friday prayers will also be held - between Manama and Muharraq.
The announcement came as he hosted an Iftar banquet at Safriya Palace in the presence of