Farzana Raja
DUBAI UAE: Park Group has entered right into a landmark partnership with EQ Holding to develop a high-rise studio service residence tower within the holy metropolis of Makkah, a venture that’s anticipated to attract robust curiosity from traders and pilgrims alike.
The event, positioned within the Al Jummayzah district only a quick distance from Masjid Al-Haram, will characteristic a ground-plus-18 tower comprising 126 studio service residences. With its prime location close to Islam’s holiest web site, the venture is being positioned as each a spiritually important funding and a response to the rising demand for high-quality lodging in Makkah.
Echoing the sentiment, Mr. Ehsan Abdul SamadAl Qurashi, Chairman of Abdul SamadAl Qurashi, mentioned: “We have now all the time been pleased with our legacy in Saudi Arabia, and this collaboration with Park Group strengthens our mission to ship world-class initiatives that enrich the Kingdom. This venture in Makkah displays our deep respect for town’s significance and our dedication to assembly the wants of its tens of millions of holiday makers. Along with Park Group, we’re assured of setting new benchmarks for high quality and repair within the hospitality sector.”
The tower will embrace important services and providers designed to fulfill the wants of Makkah’s tens of millions of annual guests, significantly these arriving for Hajj and Umrah. Its trendy interiors, fastidiously deliberate layouts, and strategic service provisions are supposed to mix consolation with comfort in a metropolis the place demand for lodging persistently outpaces provide.
Trade analysts say the venture displays a rising pattern of cross-border collaboration within the Gulf’s actual property sector, as builders and traders search to leverage their regional strengths. By bringing collectively a Saudi main and a UAE powerhouse, the Makkah improvement underscores the area’s ambitions to increase its hospitality infrastructure consistent with growing non secular tourism.
Park Group is a diversified actual property and funding firm with a powerful footprint throughout the UAE and worldwide markets. The group focuses on delivering high-quality residential, business, and mixed-use developments, combining modern design with long-term worth creation. By way of its subsidiaries and strategic partnerships, Park Group presents end-to-end providers spanning property improvement, brokerage, funding advisory, and venture advertising.
EQI Holding is one among Saudi Arabia’s most established enterprise teams, with a heritage courting again greater than 150 years. Based by the Al Qurshi household, the group has grown right into a multi-sector enterprise with robust pursuits in improvement, actual property, and funding.
With a legacy spanning over 150 years, ABDUL SAMADAL QURASHI is without doubt one of the most prestigious fragrance and oud homes on the planet. Based in Saudi Arabia, the model has develop into synonymous with conventional Arabian perfumery, craftsmanship, and using the best pure elements. Celebrated for its mastery of oud, sometimes called “liquid gold,” ABDUL SAMADAL QURASHI presents a various portfolio of pure oud oils, wealthy perfumes, incense, and signature blends.
