RCI, the world’s leading shared ownership exchange and travel membership company, has announced an exclusive agreement to provide club reservations and owner services for the latest innovation in religious tourism, the five star Makkah based Le Meridien Towers project. The property will offer pilgrims and visitors to Makkah a chance to buy a deed of partial ownership in a range of over 1,300 apartments, varying from studios to one bedroom and two bedroom units. Developed by Saudi Arabia’s Amjad Company in association with Al Fassel Global Services (AFGS), Le Meridien Towers will be available for occupancy during the first quarter of 2007. AFGS General Manager Jamal Al Sellami said the whole project conformed to the Shariah principles of Sukuk. “We’ve undertaken considerable research to ensure compliance with Islamic values. We’re sure that this innovative approach will provide many benefits for pilgrims to Makkah and will build the reputation of partial ownership in this highly dynamic sector.”
