A contract has been signed for a new 29-storey hotel tower in the Ajyad area of Makkah.
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The International Islamic Relief Organisation of Saudi Arabia (IIROSA) has signed a contract with a national construction company to build a residential hotel tower in the Ajyad area in Makkah.
Adnan Bin Khalil Basha, IIROSA Secretary General, said the 29-storey tower will have a total built-up area of 24,375m2, 518 rooms and a prayer area for 600 worshipers.
Last year IIROSA launched six new Waqf (endowment) projects in Makkah at a cost of about $133,000, which are expected to render annual returns of about $12m, which will be used to finance the organisation's relief, humanitarian and development projects.
IIROSA currently has three residential and commercial towers in Jeddah at the design stage.
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