Makkah Clock Royal Tower, A Fairmont Hotel, gears up to serve Haj pilgrims

Updated 29 September 2014

Makkah Clock Royal Tower, A Fairmont Hotel, gears up to serve Haj pilgrims

Makkah Clock Royal Tower, A Fairmont Hotel, looks forward to welcoming pilgrims from across the world to the holy city of Makkah every year.
Less than 50 steps away from the Kaaba, Makkah Clock Royal Tower is the closest hotel to Masjid Al-Haram and the focal point of the Abraj Al-Bait complex.
Since it’s opening in 2010, the hotel has hosted more than two million guests from more than 120 countries. Additionally, it has been recognized with multiple industry and traveler awards, including the world’s Leading Landmark Hotel at the World Travel Awards. Its 601 meter frame and panoramic views of Masjid Al-Haram have emerged as a crowning achievement in both hospitality and architecture.
“Makkah Clock Royal Tower is a beacon for pilgrims and a symbol of gracious hospitality,” said its MD Ahmed Hozaien. “We offer our guests the opportunity to stay steps away from the holiest Muslim site in the world, in one of the most iconic hotel landmarks. At the same time, we strive to deliver a fitting spiritual environment that permeates peace, harmony and renewal through all our services and amenities.”
More than 3,000 colleagues have been preparing for months to host pilgrims in the fully occupied 1,664 rooms, suites and residences during the Haj period.
Most recently, Makkah Clock Royal Tower launched the Fairmont Residences.
Abdulaziz Eid, Makkah Clock Royal Tower’s hotel manager, said: “What really makes us stand out is our ability to offer a wide variety of choices to people and to accommodate such a huge range of needs and wishes.”
“We spent a long time developing our restaurant concepts and menus and have taken great care in utilizing the freshest and healthiest ingredients,” explained Executive Chef Ali Benali. The hotel also offers specialized children’s menus, as well as Islamic-themed recreational activities in the Kid’s Club.

Ma’aden acquisition supports Vision 2030

Updated 24 April 2019

Ma’aden acquisition supports Vision 2030

The acquisition of an African fertilizer distribution company by Ma’aden, the largest Saudi mining company, will advance Ma’aden’s Strategy 2025, which includes plans to expand operations in the Kingdom and grow sales globally. The acquisition will also support Saudi Arabia’s Vision 2030, which seeks to diversify the economy, increase non-oil exports, boost the Kingdom’s non-oil GDP, and reinforce the mining sector as the third pillar of Saudi industry, after oil and gas and petrochemicals. 

Ma’aden will make its first international acquisition with the purchase of the Mauritius-based Meridian Group, which is due to be completed by September for an undisclosed fee.

The publicly-listed Saudi mining company will acquire an 85 percent stake in the company in an all-cash deal that will provide one of the Middle East’s largest phosphate producers with 3,000 staff and a network of operations across southern Africa, from Malawi to Mozambique, Zimbabwe and Zambia. Phosphate is used to produce fertilizer that is essential in replacing the phosphorous mineral that is removed from soil when agricultural crops are harvested. 

“This acquisition marks a very important step in Ma’aden’s strategy to build global distribution channels for our fertilizer products,” said Darren Davis, president and chief executive of Ma’aden. “As we continue to build one of the largest producers and exporters of phosphate fertilizers in the world, ensuring an efficient route to key growth markets is critical to our success.” 

Agriculture forms a significant portion of the economies of all African countries. As a sector, it can therefore contribute to major continental priorities, such as eradicating poverty and hunger. The agri industry can also boost intra-Africa trade and investments, rapid industrialization and economic diversification, sustainable resource and environmental management, and create jobs, human security and shared prosperity.

The Southeast African market, like most of the African continent of 1 billion people, is experiencing increased demand for phosphate fertilizers which industry analysts expect to continue growing by 5 percent annually over the next decade, fueled by population growth and increasing education in the use of fertilizers.

“Ma’aden is acquiring unparalleled access to complementary distribution, blending and product-development capabilities in this fast-growth region,” said Hassan Al-Ali, Ma’aden’s senior vice president for phosphate. “This transaction will provide us with logistics advantages in Southeast Africa, and greater knowledge of on-the-ground customer requirements, both of which will be instrumental in better serving our customers.”

The Saudi global mining giant will secure the remaining 15 percent of Meridian’s equity over four years on agreed terms linked to the performance of the African company, which distributes approximately half-a-million tons of fertilizer through its network of granulation and blending plants, warehousing complexes and port facilities. 

HSBC acted as Ma’aden’s financial adviser on the deal and Baker McKenzie was the Saudi company’s legal adviser for this acquisition.