Elaf Group signs agreement to manage two new hotels in Madina al Munawara with AMAC Investment

The Elaf Group of Companies, a leading provider of travel, tourism and hospitality services, has announced the signing of an agreement with AMAC Investment. The agreement was signed between Mr. Ziyad Bin Mahfouz, President, Elaf Group and Mr. Abdul Aziz Bin Mohammed AlMashal, Chairman, AMAC Investment. Also present during the signing ceremony were Mr. Abdullah Bakri, Vice President, Elaf Hotels and Mr. Mohammed Al Omran, Chief Executive Officer, AMAC Investment. Under the terms of the agreement, Elaf Group will manage and operate two new hotels, the Elaf Mashal Al Madina and the Elaf Mashal Al Salam.

The two hotels are strategically located in South-West central area of the Holy Masjid in Madina al Munawara region. The Elaf Mashal Al Madina offers 158 rooms while the Elaf Mashal Al Salam offers 208 rooms bringing the total number of hotel rooms managed by Elaf to 3,600. The two hotels are expected to address the demands of the growing number of visitors to the Kingdom of Saudi Arabia, particularly those visiting the Madina Al Munawara area.

“We are very pleased at the signing of this strategic relationship with AMAC Investment, one of the Kingdom’s premier property developers. This agreement proves to be both timely and strategic as tourism in the Kingdom continues to flourish. Rest assured that we remain steadfast in our key commitment to provide world class, excellent services and top-of-the-line facilities to tourists visiting the Madina Munawara and other regions of the country” concluded Bin Mahfouz.