Renovation and expansion of Makarem Riyadh Hotel

The Company is currently developing Makarem Riyadh Hotel which is leased from the GACA and located in the vicinity of Riyadh Airport. The development process includes renovation of the interior design of the existing building with all the rooms and components. The building consists of 248 hotel rooms and suites. Dur is working currently with a consulting firm to renovate the interior design of the building. The development also includes hotel expansion by adding 100 rooms and suites in an annex that will house a health club for women. The design of the new building has been completed by a consulting firm and contractors will be invited for implementation. The project is expected to be completed by Q4 of 2019.

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