Elaf Group, a Saudi Arabian hospitality company, will manage and supervise the design work for an upcoming hotel project within the Aliat Mall in Madinah for fifteen years.
Under the deal, the company inked a memorandum of understanding with Kinan International Real Estate Development for the implementation of two hundred and thirty rooms and suites at the hotel project in Madinah.
The 220 million United Arab Emirates dirham ($60 million) project, which will feature unique and remarkable architecture in Medina, is set for completion in the first quarter of 2025.
Kinan expects the move to contribute to the national strategies of enhancing the standards of living by boosting the quality of hospitality services offered to pilgrims and Umrah performers.