Jun 26 2012 |
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Elaf Group announces construction of four new hotels in KSA
Company achieves 30% Revenue increase during Q1 and is confident of doubling number of hotel rooms by end of 2012
"The announcement of these four new projects is in line with our efforts to expand our investment portfolio. The new hotels, which are aimed for completion from 2012 to 2014 depending on property, include the 'Elaf Bakkah' and the 'Elaf Al Kawthar' in Makkah; the 'Elaf Galleria' in Jeddah and another hotel in Madina to be named later. These projects are part of our continuous efforts to address the demands of the increasing number of tourists visiting the Kingdom. We will remain steadfast in our commitment to support the government's move to promote Saudi tourism and help the sector become a major contributor to the country's economy." Said, Ziyad Bin Mahfouz, President of Elaf Group.
According to the Elaf Group, the company's robust growth over the first three months of 2012 can be attributed to their continuing initiatives to provide best-in-class tourism services and contribute to the Kingdom's move towards tourism and sustainable development. Moreover, the company has reaffirmed its core focus on playing a major part in the country's efforts towards 'Saudization,' which aims to provide more Saudi Nationals with employment opportunities in the tourism sector.
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© Press Release 2012
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