Emaar to manage Jabal Omar Address Makkah

The Jabal Omar Address Makkah is located just steps away from the Grand Mosque.
Updated 22 June 2017
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Emaar to manage Jabal Omar Address Makkah

The real estate development company, Jabal Omar Development Company ( JODC),
has announced that Emaar Hospitality Group’s premium luxury hotel brand Address Hotels and Resorts has been selected to manage its flagship hospitality project in Makkah. This also marks the first expansion of Address Hotels and Resorts into Saudi Arabia.
The Jabal Omar Address Makkah, scheduled to open in 2019, is located just steps away from the Grand Mosque. With two identical towers, Jabal Omar Address Makkah is centrally located and forms the tallest towers within the master development. An interconnecting bridge linking the two towers serves as a visual landmark of the project.
With a built-up area of about two million square meter, Jabal Omar features residences, hotels, malls, retail amenities, prayer areas and other support facilities.
Yasser Faisal Al-Sharif, chief executive of Jabal Omar Development Company, said: “As our single-largest development and located in the heart of the holy city of Makkah, the Jabal Omar development is our prestigious project that complements our goals to promote a robust infrastructure that supports Haj and Umrah pilgrims.
“We wanted to ensure that the Jabal Omar Address Makkah stands out for its unique brand identity and exceptional service standards. Address Hotels and Resorts has proven expertise in managing world-class luxury mixed-use projects, and by choosing a brand that has its roots in the region, we are confident of delivering a hospitality choice that will support the goals of Saudi Vision 2030 to promote religious and cultural experiences.”
Mohamed Alabbar, chairman of Emaar Properties, said: “We are honored to mark the expansion of Address Hotels and Resorts, the premium luxury hotel brand under Emaar Hospitality Group, to Saudi Arabia with the signing of this important management contract with Jabal Omar Development Company. As an iconic development situated near the Grand Mosque, Jabal Omar Address Makkah will appeal to visitors from across the world by offering distinctive value propositions including its central location, attentive service and extensive amenities that meet the needs of visitors.”
Olivier Harnisch, chief executive of Emaar Hospitality Group, added: “Saudi Arabia is one of our focal destinations to expand the footprint of our hotel brands. Jabal Omar development stands out for its unique design features and amenities, and will appeal to religious visitors as well as investors.”


Saudi Awwal Bank becomes first Middle East bank to earn 7-star CinOrg innovation accreditation

Saeed Assiri, chief innovation banking officer at SAB
Updated 05 March 2026
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Saudi Awwal Bank becomes first Middle East bank to earn 7-star CinOrg innovation accreditation

Saudi Awwal Bank has become the first bank in the Middle East to receive a 7‑star Certified Innovative Organization rating from the Global Innovation Institute, the highest recognition awarded by the institute.

The accreditation marks a significant step in SAB’s innovation strategy and follows an innovation maturity assessment conducted by the institute in December 2025. The review, which built on an earlier assessment in December 2023, raised the bank’s maturity level from “Champion” to “Leader.” The new rating reflects SAB’s institutionalized approach to innovation, its enterprise-wide impact and its ability to consistently deliver measurable results.

With the 7‑star rating, SAB becomes the first bank in the region to reach the highest innovation maturity level, strengthening its position as a regional reference point for innovation-led and future-ready banking.

In 2025, the bank opened its flagship Innovation Centre and secured six internationally recognized innovation awards, along with a lab accreditation. The centre has supported SAB’s efforts to accelerate the adoption of advanced technologies, encourage cross-functional collaboration and reinforce its standing as a regional leader in financial innovation.

Saeed Assiri, chief innovation banking officer at SAB, said the recognition reflects years of focused work to build a sustainable innovation ecosystem.

“By investing in SAB’s culture, governance and talent, innovation enables the bank to remain future-ready,” he said. “This milestone reinforces our role in accelerating financial innovation in Saudi Arabia and delivering long-term value for our customers.”

The certification adds to SAB’s broader efforts to strengthen its innovation capabilities as the Kingdom’s banking sector continues to evolve.