Royal Commission for Makkah City and Holy Sites plans to nearly double Makkah Taxi fleet capacity this year to around 1,600 vehicles, supported by the issuance of three new operating licences to taxi companies under its General Transport Center.
Talgo, a leading Spanish company specialising in the design and manufacture of high-speed lightweight trains, has secured a new order worth €1.3 billion ($1.53 billion) from the Saudi Arabia Railways for supply of 20 high-speed trains. This comes after Talgo's successful delivery of 35 trains to SAR in 2018.
Saudi-based Sumou Real Estate Company has announced that it has signed an agreement for a premium residential and commercial tower in Makkah. The key mixed-use project is being developed for Areeb Sumou Makkah Real Estate Fund on a 3,600 sq m area in Jabal Omar district.
Aleph Hospitality will manage the 338-key Four Points by Sheraton Makkah Ibrahim Al Khalil under a franchise with Marriott, marking its third Marriott hotel in Saudi Arabia and expanding its Middle East and Africa hospitality footprint.
Saudi Water Authority (SWA) has announced that one of its major projects - Shuaiba Desalination Plant Project - Phase 5 in Makkah has successfully boosted its daily output from 600,000 cu m/day to 665,000 cu m/day of desalinated water without incurring additional costs.
Saudi-based Umm Al Qura for Development & Construction Company has announced the launch of a unified digital platform for property ownership within its premium Masar Destination in Makkah through approved developers.
Saudi Tourism Development Fund (TDF) has entered into a finance agreement with Arab National Bank and real estate group Hamat Holding for its premium retail destination, Masar Mall, being set up at an investment of SAR936 million ($250 million) in the Makkah region.
Al Ramz Real Estate said it has signed an agreement with a fund managed by Al Rajhi Capital, a leading financial group in Saudi Arabia, to develop two residential towers on a plot spanning over 6,000 sq m in the King Abdulaziz Road District in Makkah.
Indra, a Spanish aerospace, defence and mobility systems group, has announced that it has secured the renewal of its operation and maintenance contract for the Haramain High-Speed Line project from Saudi Arabia Railways (SAR) for another five-year term.
Gulf Hotels Group (GHG) has signed an MoU with Burhan Hotels to enter Saudi Arabia, covering three Makkah hotels with around 1,000 rooms. GHG will operate and manage the properties, oversee renovations and repositioning, and pursue partnerships with international hotel brands as part of its expansion strategy.
