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Kinan International and Elaf Group signed a Memorandum of Understanding (MoU) for a management agreement in addition to supervising the preparation of designs for the construction of the hotel within the Aliat Mall project in Medina for 15 years. The mall also includes an area of modern retail stores, restaurants and a cinema, in addition to the hotel. The key goals of the MoU between Elaf Group and Kinan International Real Estate Development Company includes overseeing the implementation of 230 rooms and suites in line with the highest standards set out by the Ministry of Tourism, as well as demands of the visitors of Medina, with an investment of more than 220 million Saudi Riyals. The project is estimated to be completed in the first quarter of 2025. Eng. Jamjoom, said: “We are delighted to partner with Elaf Group, a prominent company in the hospitality and tourism sector of Saudi Arabia. We anticipate the MoU with Elaf Group to significantly contribute to the national strategies of enhancing the standards of living by boosting the quality of hospitality services offered to pilgrims and Umrah performers, which will further give them the opportunity to enjoy the one-of-its-kind Saudi Arabian hospitality. The new project will feature unique and remarkable architecture in Medina. It is expected to be a vital addition to the tourism and hospitality sector of the Kingdom, as it expects to witness massive growth. Our MoU with Elaf Group will contribute to this growth, by providing exceptional services to pilgrims and visitors through this new hotel.” Dr. Ezzat, said: “We are happy to sign this MoU with Kinan International Real Estate Development Company. In line with the MoU, we seek to …

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