Elaf Group Affirms Commitment to Help Promote Tourist Accommodation Services in Support of Efforts to Boost KSA Tourism Segment
December 21, 2016 - In support of the Saudi federal government's efforts to increase the residential travel and tourist market in accordance with the nation's economic diversification plan, Elaf Group, a SEDCO Holding Group company, has actually recently participated in a strategic lease partnership arrangement with Al Aqeeq Real Estae Development to rent the Al Majeedi Residential Facility situated before Al-Masjid Al-Nabawi, north of Madinah Al Munawara.
The agreement was signed by Ziyad Bin Mahfouz, Chief Executive Officer, Elaf Group, and Aymen Bin Hamza Saeed, Chief Executive Officer of Al Aqeeq Real Estate Advancement and CEO of Taiba Holding Company.
Under terms to the agreement, the Al Majeedi Residential Center will certainly be renamed as Elaf Al Majeedi Hotel - acting as the most up to date enhancement to the expanding profile of Elaf Hotels Company, a subsidiary of the Elaf Group. The new hotel is anticipated to fit the expanding variety of tourists who go to the KSA for spiritual purposes such as Hajj and Umrah along with to see religious sights and its rich cultural traditions.
Bin Mahfouz mentioned that the step complements the Group's expansion approaches to reinforce its visibility in the nation by supplying the highest quality of hospitality solutions to the visitors getting here in Al Madinah Al Munawara.
Bin Mahfouz discussed that the number of travelers getting here in the KSA is expected to register a constant upwards momentum in the coming years, enhancing the 'Saudi Vision 2030,' which was launched by the government of the Custodian of the Two Holy Mosques. "Expansion and growth are key top priorities of the Elaf Group to achieve excellence by frequently introducing its solutions and maintaining them relevant and updated based on the market demands. The signing of this new lease agreement with Al Aqeeq Realty Growth belongs to our continuous efforts to reinforce the Group's leading placement in the hospitality market throughout Saudi Arabia and the Middle East," wrapped up Bin Mahfouz
