Tag Archives: Yasser Abuateek

Hyatt Hotels Corporation announced a management agreement with Umm Alqura for development and construction of a Grand Hyatt branded hotel in the holy city of Makkah in the Kingdom of Saudi Arabia. Located in close proximity to the Grand Mosque, the hotel will be an integral component of the King Abdul Aziz Road (KAAR) mixed-use urban development project, designed to support one of the fastest-growing religious tourism markets in the world.  “The country’s significant strides to boost tourism complements our own commitment to creating a pipeline in markets that matter most to guests and World of Hyatt members. Consequently, the opening of Grand Hyatt Makkah will strengthen the Kingdom’s vision to attract more tourists and offer guests an elevated, luxury experience with plans to open further properties in the holy city in the near future,” said Ludwig Bouldoukian, Regional Vice President of Development, Middle East and North Africa for Hyatt. Yasser Abuateek, CEO of Umm Alqura for Development and Construction, said, “One of our key ambitions is also to add value to the local real estate market, and by introducing globally renowned brands we are making significant strides towards achieving this objective.” Peter Fulton, group president – Europe, Africa, Middle East and Southwest Asia, Hyatt, said, “Grand Hyatt Makkah is being designed to meet the unique needs of both visitors and pilgrims and is set to become its own captivating destination within this cultural and religious destination.”

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