IHCL enters Saudi Arabia with first Taj hotel in Makkah

IHCL enters Saudi Arabia with first Taj hotel in Makkah

PTIUpdated: Wednesday, May 29, 2019, 10:41 PM IST
article-image

Mumbai: Indian Hotels Company (IHCL) that runs the Taj brand of luxury hotels, today announced its entry into Saudi Arabia with a 340-keys property in Makkah. The property – fourth in the Middle East region for IHCL – is scheduled to open in January 2023 and will come up in partnership with Umm Al Qura Development and Construction Company in the tony King Abdul Aziz Road (KAAR) project, one of the largest urban rejuvenation projects in Makkah.

Puneet Chhatwal, managing director and chief executive officer of IHCL said, “We are happy to bring the first Taj hotel to Saudi Arabia. We are committed to expanding our presence in the MENA (Middle East and North Africa) region.

This hotel will be our fourth venture in the MENA region.” The group already manages a property in the Burj Khalifa downtown area of Dubai and will be opening two more hotels in Dubai in the next 12-18 months.

The proposed hotel is situated within walking distance of the Grand Mosque of Masjid Al-Haram, the main attraction for over 6 million pilgrims who visit the city each year. As the birthplace of prophet Muhammad, Makkah is the holiest city for Muslims and the KAAR project is considered as one of the most important development projects in Makkah. IHCL operates 145 hotels globally across four continents, 11 countries and 72 locations and is among the largest domestic hospitality chains.

RECENT STORIES

Avantel Q3 FY26 Net Profit Rises 28% YoY To ₹32.9 Cr, Revenue Grows 25% To ₹441 Crore
Avantel Q3 FY26 Net Profit Rises 28% YoY To ₹32.9 Cr, Revenue Grows 25% To ₹441 Crore
Pakistan Faces Deep Investment Crisis, High Costs & Policy Uncertainty Drive Investors Away
Pakistan Faces Deep Investment Crisis, High Costs & Policy Uncertainty Drive Investors Away
RBI Could Cut Interest Rates Further If India–US Trade Deal Is Delayed, Says Goldman Sachs
RBI Could Cut Interest Rates Further If India–US Trade Deal Is Delayed, Says Goldman Sachs
Rupee Falls To 92 Against Dollar, Imports & Foreign Spending Get Costlier While Exporters See Relief
Rupee Falls To 92 Against Dollar, Imports & Foreign Spending Get Costlier While Exporters See Relief
DCCDL Q3 Rental Income Jumps 18% To Rs 1,412 Crore, Strong Demand Boosts Office & Retail Assets
DCCDL Q3 Rental Income Jumps 18% To Rs 1,412 Crore, Strong Demand Boosts Office & Retail Assets