Expanding its presence in Saudi Arabia, HMH-Hospitality Management Holdings has entered into a management agreement with Mobarak Hotels Group for operating Coral Al-Madina Hotel.

The announcement was made by Al-Sheikh Mohamed Ebrahim Abdulrahim, chairman of Mobarak Hotels Group and Laurent A. Voivenel, CEO of HMH at the official signing ceremony held in Madinah. In attendance was Mohammed bin Faisal Al-Qassimi, CEO of Faisal Holding LLC and vice chairman of HMH, along with senior government dignitaries, tourism officials and businessmen.

Abdulrahim said: “Our business vision is in line with the Saudi authorities’ plans for expanding the Mosque of Prophet Muhammad (peace be upon him) and development of adjoining area. Therefore, Mobarak Hotels Group has appointed Designs Company that is specialized in providing integrated hotel solutions to oversee our growth and expansion. As part of this strategic agreement, Designs Company will be responsible for developing world-class hospitality products and facilities around the Holy Mosque to meet the needs of growing Haj and Umrah pilgrims.”

With an initial investment of SR1 billion, Designs Company and Mobarak Hotels Groups have entered into a management contract with HMH-Hospitality Management Holdings for operating Coral Al Madina Hotel. As part of this strategic understanding, we will hand over the management of four other 4-star hotels under development in the same area to HMH.”

Voivenel said: “Saudi Arabia is a key development market for HMH.”

Voivenel added: “We are very proud to debut in the holy city of Madinah and to enter into this very important partnership with Mobarak Hotels Group.:

Voivenel said: “We are truly grateful to them for having given us this opportunity. The hospitality industry in Madinah is witnessing remarkable growth at the moment and we are very excited to be part of it. HMH is well-positioned in the Kingdom as one of the leading regional hotel groups equipped with the most advanced technology.”