A group of Saudi investors has founded a limited liability company with a paid-up capital of SR420 million to build a chain of Islamically oriented serviced apartments in Riyadh, Jeddah, Makkah and Madinah as well as in Egypt.
According to Arab News, these serviced apartments, an upgraded version of furnished apartments, will cater to the needs of upscale pilgrims and business executives, and would be up and running by mid-next year.
