The General Authority for Awqaf has signed a strategic MoU with Dur Hospitality that aims to establish a private company tasked with developing a five-star hotel tower in the central area of Madinah.
The agreement was signed by Sultan bin Bader Al-Otaibi, CEO of Dur Hospitality, and Haitham bin Mohammed Al-Fayez, CEO of Awqaf Investment Company, on Oct. 30 in Riyadh.
Under this MoU, property number 125 will be leased with an area of 1,379 square meters to develop and operate a five-star hotel under the Makarem Hotels’ brand, a subsidiary of Dur Hospitality specialized in serving the two holy cities. The project land is strategically located in close proximity to the Prophet’s Mosque, on Abu Obeida bin Jarrah Road in the north side of the city.
Emad bin Saleh Al-Kharashi, governor of the General Authority for Awqaf, said the deal complements Awqaf’s investment strategy to enter partnerships with the private sector in order to contribute to the organization, preservation and development of Awqaf.
Dur Hospitality to develop 5-star hotel in Madinah
Dur Hospitality to develop 5-star hotel in Madinah
Alfanar Engineering Services names Amer Al Ajmi CEO
Alfanar Engineering Services, a division of Alfanar Projects, has appointed Eng. Amer Al Ajmi as chief executive officer, signaling a new phase of growth and innovation for the company.
The appointment underscores Alfanar’s commitment to strengthening its role as a trusted partner in Saudi Arabia’s energy and infrastructure sectors.
Al Ajmi brings more than 25 years of experience in engineering, energy and international business. His vision focuses on engineering excellence, digital transformation and sustainability. Under his leadership, the company aims to expand its contribution to the Kingdom’s industrial and infrastructure development while supporting a more sustainable energy future.
Alfanar Engineering Services provides integrated technical solutions to the Kingdom’s energy, infrastructure, private and government sectors. Its core business lines include motor and generator repair and rewinding, power services, testing and calibration, and technical and engineering training.
The company maintains a strong presence through regional offices across major Saudi cities, supported by a 24/7 engineering team that ensures uninterrupted operations and service availability nationwide.
At the center of its operations is Alfanar Technical Services, one of the largest specialized facilities in the region for repair, rewinding and maintenance of electrical equipment, including transformers, generators and motors. The company serves energy, oil, petrochemical and mining industries, as well as critical infrastructure such as hotels, hospitals and public utilities.
Alfanar operates three advanced facilities in Jubail and Riyadh, covering more than 200,000 square meters, with an expansion underway in Yanbu to meet growing demand driven by the Kingdom’s industrial transformation.
“Leading Alfanar Engineering Services is both an honor and a responsibility,” Al Ajmi said. “Our focus is on building a sustainable and technologically advanced future where our people, innovation and expertise deliver long-term impact across every sector we serve.”
