Dur Hospitality to develop 5-star hotel in 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.
Updated 04 November 2019

Dur Hospitality to develop 5-star hotel in Madinah

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.


STC offers free 5G service for two months

Nasser Al-Nasser CEO of STC
Updated 12 November 2019

STC offers free 5G service for two months

Saudi Telecom Company (STC) is offering its 5G services free of cost for a period of two months starting from the subscription date. This service will enable customers to benefit from high speeds based on STC’s strong network in the Kingdom.
STC CEO Nasser Al-Nasser confirmed the group’s commitment to continue leading in the 5G era, highlighting its leadership as the first operator in the Kingdom and the Middle East to launch the live network for 5G in May 2018.
The telecom giant had deployed its 5G network at 196 sites in Makkah, Madinah and other holy places, such as Mina, Arafat and Muzdalifah during Hajj this year.
“The launch of the 5G package reflects STC’s commitment to its pivotal role as a key enabler of digital transformation and the development of the telecommunications and information technology sector in the Kingdom,” Al-Nasser added.