RIYADH: The $27 billion mega project Masar Makkah confirmed it will develop the Ponceana Hotel with an investment value of SR600 million ($160 million), as one of the first Saudi local hotel brands to join the project. 

The hotel tower will provide services to Umrah pilgrims and visitors to Makkah.

It will contain 28 floors and 950 hotel rooms to accommodate 3,800 guests. 

In line with Saudi Vision 2030, this signing of the agreement comes as part of the efforts to enrich the local accommodation and hospitality sector. 

Masar Makkah was developed by Umm Al-Qura Co. for the development and construction of services and amenities to serve Makkah residents, visitors and pilgrims and facilitate their access to the Grand Mosque.