Madinah needs 500 hotels in five years
Madinah is expected to attract 1 million visitors per month upon the completion of the expansion work at the airport and the Prophet?s Mosque, according to a board member at the Madinah Chamber of Commerce and Industry (MCCI).
?Around 33,000 visitors come to Madinah everyday, which amounts to almost 1 million tourists per month. According to these figures, we will have a serious predicament unless we prepare ourselves in advance,? said Abdul Ghani Al-Ansari, the MCCI member. Al-Ansari explained that the authorities have two options to tackle this issue: To rapidly finalize the compensations of the expropriated properties from around the mosque and set a mechanism to ensure that the compensation money is used to build new hotels.
The other option is to establish four or five companies, using the funds that would be allocated for the compensations, making the owners of the expropriated properties investors in the hospitality projects.
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Source: Unknown Author (2013). Madinah needs 500 hotels in five years, Arab News?http://www.arabnews.com/news/451560 May 14, 2013. Viewed May 15, 2013,