Youssef Ismail Youssef
‘Budget’ business hotel to rise soon in Jeddah
Tue, 2010-11-23 11:30 — newsdeskIn three years from now there will be a new four-star hotel in Jeddah.
Under the Memorandum of Understanding (MoU) signed Monday by SHUAA Capital Saudi Arabia and Youssef Ismail Youssef, representing the landowner, the 12-story 254-room business hotel, with a built-up area of approximately 13,000 sqm, would have a total cost of around SR160 million.
The hotel will be situated on Madina Road going to downtown and in proximity to the Ruwais area.
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