The development will primarily focus on the hospitality sector, featuring two hotels: one classified as an upper upscale hotel (5-star) and the other as an upscale hotel (4-star). Each building will consist of six floors and will include a sufficient number of parking bays for visitors.
Accessibility: Direct accessibility from Prince Khaled Bin Abdullah Rd, and indirect accessibility from Haramain Expressway, Prince Khaled Bin Abdullah Rd, Prince Mohammed bin Abdullah Rd, and Madinah Road.
Proximity to Demand Generators: King Abdullah Sport City Stadium, The Track Jeddah, and King Abdul Aziz International Airport.
Sector
Real Estate
Download Opportunity
Investment Highlights
- Expected Investment size of 476,569,287 SAR
- Total Revenues: 2,757,655,736 SAR
- Payback Period: 10 Years
- Land Lease Term: 35 Years
- Estimated Project IRR (%): 12.6%
- Estimated Equity IRR (%): 14.7%