Al Murjan Group Holding announced the signing of a contract with property management firm O.C.C. Weavers Ltd to finish the electromechanical work and exterior facades of the buildings at the Delta Complex. The deal’s value exceeds SR 600 million.
The project’s final phase has an estimated cost of SR 1.2 billion. According to the agreement, the project must be finished by the end of 2024.
The group has ambitious goals that are added to the group’s many other investments, and one of those plans includes the ceremony of signing the agreement.
The project’s total built-up area is 124,000 square meter, compared to 27,000 square meter of land. There are four parts to the complex. They are the Marriott Hotel Apartments Building, which has eight stories and 100 hotel apartments, and the Delta Marriott Hotel, which has 181 rooms and 25 suites. Marriott International and Al-Murjan Holding Group have agreements in place for these two projects. The property also has an administration building and an events hall with a 3,000 square meter floor area and a 1,500 person capacity.
The Four Points by Sheraton Hotel, which has views of the southern Obhur Corniche, was recently opened, he noted. “The success it has had since it first opened for business increases our desire to stay in the hotel business, which the Kingdom values highly through facilitating visitor influx. The group also owns the Blue Coral Hotel in Makkah, which has 300 rooms and suites and accommodates Hajj and Umrah pilgrims, he added. “We are exploring the prospect of moving forward with the establishment of a number of projects in the hotel sector in Jeddah, as well as in other cities.
“We intend to construct a mental health centre with its medical and cognitive-behavioral sections, therefore we desire additional expansion in the medical profession into the mental health sector. It is anticipated to be finished in 2023.
Additionally, Bahamdain revealed strategies for extending the group’s reach throughout the Kingdom. He added that Al Murjan Group, which includes Balsam Medical Company, provides hospital management solutions and the electronic medical file titled “Oasis Plus” to 47 hospitals in the public and private sectors in various regions of the Kingdom as well as in some other Gulf countries at present. “As part of our strategy, we look forward to opening Mediclinic branches around the Kingdom, starting from Riyadh,” he said.
The group CEO spoke about the projects the group is working on in Saudi Arabia’s capital city of Riyadh, saying: “At this time, we are working on two commercial projects in Riyadh, one of which is on Al-Takhassusi Street and the other on King Abdullah Road. The total amount invested in these initiatives is almost SR 200 million. These are an expansion of earlier initiatives in the city of Riyadh, like the 51-unit Al Murjanah Residential Complex in the Hittin neighborhood.
Due to its faith in the future of Saudi investments and commitment to the Kingdom’s Vision 2030, Al Murjan Group is delighted to be one of the fastest growing businesses, with projects spanning the real estate, industrial, commercial, health, technological, and financial sectors.