Thakher Makkah to host three new Radisson hotels

The new signings will add a total of 992 rooms and apartments, doubling the group’s portfolio in Makkah, a key target growth market in Saudi Arabia.
Short Url
Updated 22 September 2021
Follow

Thakher Makkah to host three new Radisson hotels

Radisson Hotel Group has announced the signing of three hotels within the Thakher Makkah megaproject, an urban development in the holy city. The Park Inn by Radisson Makkah Thakher City Tower West, the Park Inn by Radisson Makkah Thakher City Tower East and the Radisson Hotel Makkah Thakher City are set to open in Q4 2022. The new signings will add a total of 992 rooms and apartments, doubling the group’s portfolio in Makkah, a key target growth market in Saudi Arabia.

Elie Younes, executive vice president and chief development officer EMEA, Radisson Hotel Group, said: “We are delighted to announce this portfolio of three new hotels, as it not only accelerates our growing presence in Makkah, but also reaffirms our commitment toward the country and its future. The Thakher Makkah megaproject is designed to attract millions of pilgrims every year and will positively contribute to the country’s ambitious plan that aims to host 30 million Umrah visitors, as well as, hosting 6 million Hajj pilgrims by the year 2030. We remain committed to the country’s Vision 2030 and its initiatives to significantly increase the contribution of leisure and business tourism to the country’s economy. We would like to thank our business partners for their trust in our brands and teams as we look forward to an exciting and rewarding journey.”

Located within the Thakher Makkah megaproject, a mixed-use development comprising hotels, residential and retail units, the hotels are just a stone’s throw away from the holy site.

Abdulaziz Al-Aboudi, CEO of Thakher Development Co., said: “The keenness of international hotel companies to provide their services to the Thakher Makkah Project reflects the importance and value of the project as a prominent tourism destination in the holy city. Such cooperation gives an indication that we are on the right path to providing new distinctive hospitality and housing options, which is in line with Vision 2030. We are excited to announce the launch of further cooperation with Radisson Hotel Group, which we anticipate will be a fruitful endeavor.”

A combination of both hotel and residential options, the Radisson Hotel Makkah Thakher City will consist of 440 rooms and 206 branded residences, a lobby café, and an all-day dining restaurant. For leisure and recreation, the hotel will feature separate ladies and male gym facilities, while the meeting and event spaces will include five meeting rooms as well as three conference rooms.

Park Inn by Radisson Makkah Thakher City Tower West and Park Inn by Radisson Makkah Thakher City Tower East are designed to facilitate pilgrims’ stay and experience in the Kingdom. With clever use of color, contemporary design, and friendly and personalized services, guests can relax while fully embracing their pilgrimage.

Boasting 203 rooms, the Park Inn by Radisson Makkah Thakher City Tower West offers its guests a lobby cafe and an all-day dining restaurant. The upcoming Park Inn by Radisson Makkah Thakher City Tower East houses 143 rooms, a lobby lounge, and one restaurant.

The city of Makkah, situated 70 km southeast of Jeddah, is known as the holiest city in Islam. The main sources of economic activity in Makkah are the Hajj and Umrah pilgrimage, with millions flocking to Makkah each year for worship and devotion. Since the seventh century, Muslims all over the world have visited Makkah, the birthplace of Islam. It is a pilgrimage that marks their observance of one of the five pillars of Islam and the fulfillment of a once-in-a-lifetime ritual.


Arab Investment launches new corporate identity

Updated 08 February 2026
Follow

Arab Investment launches new corporate identity

The Arab Investment Company has launched its new corporate identity, “Arab Invest,” in a strategic move that reflects its future direction and marks the start of a new chapter in its journey, which began in 1974, as one of the Arab sovereign wealth funds concerned with developing resources and enhancing economic integration among its 16 Arab member states.

The new corporate identity reflects the company’s value system underpinning its investment approach, based on robust governance, sustainability, effective partnerships, and adherence to the highest professional and economic standards, embodying its vision of building high-quality investments aligned with the priorities of the shareholder states.

Saad bin Abdulaziz Al-Khalb, chairman of the board of directors, said: “The launch of the company’s new identity comes within the context of a strategic phase aimed at enhancing clarity of institutional vision and consolidating the company’s position over the long term, in line with shareholders’ aspirations and reflective of the requirements of the coming period.”

He added that the new identity is viewed as a clear translation of a well-considered investment trajectory that reflects depth of experience, strengthens stakeholders’ confidence, and supports the company’s ability to continue serving the interests of the Arab member states.

CEO of Arab Invest Abdullah bin Saleh Bakhraibah said the launch of the new corporate identity represents, in essence, a new chapter in the company’s journey spanning more than 50 years. He noted the particular importance of this step at both the strategic and operational levels, as the new identity reflects a series of institutional transformations the company has undergone in recent years, including achieving the highest financial revenues in its history during 2025.

Bakhraibah added: “The new identity is not merely a visual update for the company; rather, it is a strategic message that expresses an advanced stage of institutional maturity, while simultaneously underscoring the deep historical roots of one of the region’s most established Arab sovereign wealth funds, consolidating its distinguished position and the credibility it enjoys in the Arab investment landscape, enabling it to keep pace with major economic developments and enhancing the company’s readiness to continue growth and expansion in accordance with best-in-class investment practices.”

He also highlighted the company’s distinguished investment efforts since the launch of its new strategy, saying that Arab Invest has recently witnessed notable development in local and global strategic partnerships, to achieve the highest performance standards and institutional operating mechanisms. Bakhraibah emphasized the company’s continued commitment to delivering sustainable investment impact in line with the aspirations of the coming period.