MCDC Signs a Contract for Makkah Hotel and Towers Rooms Renovation Works
MCDC has signed a contract with Roots Innovative Industrial Company, valued at approximately SAR 372 million, for the execution of Makkah Hotel and Towers rooms renovation works as part of the Makkah Hotel and Towers Comprehensive Renovation Project, following the completion of a competitive tender process during which the submitted bids were evaluated based on defined technical and commercial criteria.
The Comprehensive Renovation Project commenced during the fourth quarter of last year, with its first phase completed prior to Ramadan 1447H, covering the renovation of four hotel floors. The next phases of the project include the renovation of hotel and towers rooms, in addition to the enhancement of public areas, reception areas, restaurants, and a number of supporting facilities, as well as selected improvement and construction works. The project will continue until January 2028 under an execution plan designed to ensure the full availability of the Hotel and Towers during peak seasons, including Ramadan and Hajj.
At the Hotel, rooms renovation works will be carried out in two consecutive phases from July 2026 to January 2027. Each phase includes the renovation of 10 floors, with two buffer floors allocated between phases. Upon completion, the total number of keys is expected to increase from 609 to 619.
At the Towers, rooms renovation works will be executed in four consecutive phases from July 2026 to January 2028, beginning with Tower (2), followed by Tower (5), then Tower (3), and concluding with Tower (6). Upon completion, the total number of keys is expected to increase from 824 to as many as 883.
The project reflects MCDC's continued commitment to enhancing the efficiency of its assets and maximizing their value. It is expected to contribute to increasing accommodation capacity, elevating the quality of services provided to Pilgrims, strengthening the competitiveness of the Company's assets in close proximity to the Grand Mosque, ultimately contributing to sustainable growth and creating long-term value for shareholders.
In line with the Company's governance framework and applicable regulatory requirements, related party transactions are reviewed by the Audit Committee prior to approval. MCDC remains committed to the highest standards of transparency, fairness, and corporate governance.
