Plans for the JODC development feature at least three
JODC was set up by the Makkah Construction and Development Company in 2006 specifically to deliver the project.
The scope of the JODC project is what sets it apart.
When completed and fully operational, the JODC development will provide lodging for an estimated 60,000 people daily and some 15 million people annually.
Muammar noted the importance of cooperating with JODC
, adding that SREI's efforts are focussed on developing training programmes for real estate companies, as well as providing academic and professional support to the beneficiaries of these specialised jobs.
The management deal awarded by JODC
underlines the company's confidence in the competencies of the Address team to meet and exceed their expectations by delivering exceptional customer service and bespoke amenities, he added.
Shamkhat Development has been established as a limited liability company (LLC) that is a wholly owned subsidiary of JODC
In a missive issued to the Saudi bourse, Tadawul , JODC
stated that the MoU would have no financial impact on its operations.
No financial impact is caused by the MoU, JODC
said in a missive to the Saudi bourse, Tadawul .
In a missive issued to the Saudi bourse , JODC
said it expects a positive impact on its revenues and shareholders' equity following the decision.
Incorporation procedures are expected to be complete by the fourth quarter of 2017, JODC
said in a statement to Saudi bourse, Tadawul.
In June, JODC
signed a deal with Emaar Hospitality Group’s luxury hotel brand Address Hotels + Resorts to build the Jabal Omar Address Makkah , also scheduled for a 2019 opening.