Company AnnouncementsTasi
Makkah Construction and Development Co. Announces Contract Sign Off with Roots Innovative Industrial Company
4100 | MCDC
JUL 7, 2026, 06:21 AM (1448/01/22)
2 Min Read
| Element List | Explanation |
|---|---|
| Introduction | Makkah Construction and Development Co. announces the signing of a contract with Roots Innovative Industrial Company for the execution of room renovation works at Makkah Hotel and Towers. The contract forms part of the Company’s broader asset enhancement efforts, aimed at improving guest experience, upgrading room quality, and supporting the long-term performance and competitiveness of the asset. |
| Date of Announcement of the Award | 2026-07-06 Corresponding to 1448-01-21 |
| Contract Subject Matter | Execution of renovation works for Hotel and Towers rooms. |
| The Entity with Which the Contract was Signed | Roots Innovative Industrial Company |
| Date of Signing the Contract | 2026-07-06 Corresponding to 1448-01-21 |
| Contract Value | Contract value amounts to approximately SAR 372 million, excluding VAT. |
| Contract Details | Contract scope includes the renovation of rooms at Makkah Hotel and Towers. The works will be executed in phases in accordance with the approved execution plan, with activities scheduled around peak seasons to ensure the full availability of the Hotel and Towers, including Ramadan and Hajj. |
| Contract Duration | Approximately 19 months |
| Financial Impact and the Relevant Period | The financial impact of the project will be reflected as capital expenditure over the execution period of the project. The Company expects the renovation works to support the long-term performance and competitiveness of Makkah Hotel and Towers following completion. The financial impact on operating results cannot be accurately determined at this stage and will depend on the progress of implementation and market conditions. |
| Related Parties | Mr. Saleh Mohammed Bin Laden, Chairman of the Company’s Board of Directors. |
| Additional Information | The Company will disclose any material developments related to the contract in due course in accordance with the applicable laws and regulations. |
| Attached Documents |  |
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