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Tag: Makkah

Construction & Real Estate

Umm Al Qura in deal to develop debut Kempinski Residences in Makkah

Saudi developer Umm Al Qura has announced that it has signed an agreement with global hospitality major Kempinski Group to operate its first branded residences within its Masar Destination in Makkah. The Kempinski Residences features 302 residential units of varying sizes along with integrated amenities....

Construction & Real Estate

Jabal Omar wins licence to operate new Rotana hotel property in Makkah

Saudi-based Jabal Omar Development said it has won the licence from the Ministry of Tourism to operate the 205-key Rotana Hotel being developed as part of Phase Four of its mega project in Makkah. The Rotana Jabal Omar Hotel spans across three towers comprising 655 rooms and suites. ...

Construction & Real Estate

Saudi PIF company in deal to develop sustainable urban projects in Makkah

Rua Al Haram Al Makki Company, a Saudi PIF company dedicated to delivering projects surrounding the Makkah mosque, has collaborated with Alpha Development to explore and develop qualitative urban projects, including initiatives within the King Salman Gate Project. ...

Construction & Real Estate

Umm Al Qura seals reservation agreements for sale of two Masar plots

Saudi-based Umm Al Qura for Development and Construction Company has announced the extension of two reservation agreements with Mousa Abdulaziz Al Mousa & Sons Real Estate Holding Group for the sale of two plots within its premium Masar Destination in Makkah. ...

Construction & Real Estate

Shuaiba-5 desal project in Makkah achieves big production boost

Saudi Water Authority (SWA) has announced that one of its major projects - Shuaiba Desalination Plant Project - Phase 5 in Makkah has successfully boosted its daily output from 600,000 cu m/day to 665,000 cu m/day of desalinated water without incurring additional costs. ...

Construction & Real Estate

Saudi TDF inks finance deal for $250m Masar Mall

Saudi Tourism Development Fund (TDF) has entered into a finance agreement with Arab National Bank and real estate group Hamat Holding for its premium retail destination, Masar Mall, being set up at an investment of SAR936 million ($250 million) in the Makkah region. ...

Construction & Real Estate

Al Ramz Real Estate in deal to develop Makkah residential towers

Al Ramz Real Estate said it has signed an agreement with a fund managed by Al Rajhi Capital, a leading financial group in Saudi Arabia, to develop two residential towers on a plot spanning over 6,000 sq m in the King Abdulaziz Road District in Makkah. ...

Construction & Real Estate

Indra wins renewal for Makkah-Madinah High-Speed rail O&M contract

Indra, a Spanish aerospace, defence and mobility systems group, has announced that it has secured the renewal of its operation and maintenance contract for the Haramain High-Speed Line project from Saudi Arabia Railways (SAR) for another five-year term. ...

Construction & Real Estate

Talgo snaps up $1.5bn Saudi Railways order for high-speed trains

Talgo, a leading Spanish company specialising in the design and manufacture of high-speed lightweight trains, has secured a new order worth €1.3 billion ($1.53 billion) from the Saudi Arabia Railways for supply of 20 high-speed trains. This comes after Talgo's successful delivery of 35 trains to SAR in 2018. ...

Construction & Real Estate

Saudi Arabia officially opens real estate market to foreign buyers

Saudi Arabia’s Real Estate General Authority has announced that the new laws allowing foreign companies as well as expats to own a wider range of local real estate assets have officially come into effect. With this, all provisions are now enforceable under the national real estate framework. ...

Construction & Real Estate

Umm Al Qura's landmark Makkah project gets LEED Gold certification

Saudi-based Umm Al Qura for Development & Construction Company has announced that its landmark urban project - Masar Development - in Makkah city has been awarded LEED Gold certification, one of the highest international certifications in sustainability and built environment. ...

Construction & Real Estate

Umm Al Qura awards $1bn prime Makkah development package contracts

Saudi-based Umm Al Qura for Development and Construction Company has awarded major contracts worth SAR4.1 billion ($1.1 billion) to Mobco and BEC Arabia Contracting Company for the completion of two major development packages at its Masar Destination in Makkah city. ...

Construction & Real Estate

Metso wins contract to deliver gold processing plant in Saudi Arabia

Metso, a global leader in sustainable gold processing technologies, has secured a major contract from Saudi mining giant Maaden to supply a gold processing plant for its Ar Rjum mine located in Makkah. The contract covers commissioning and advisory services for equipment installation. ...

Construction & Real Estate

Vennre announces key Saudi expansion with strategic Makkah deal

Vennre, the private markets investment platform headquartered in Riyadh and London, has announced its first Saudi real estate deal through a regulated development fund within the Masar project in Makkah, thus marking a milestone in the firm’s expansion within the kingdom. ...

Construction & Real Estate

SWPC announces $684m financial close for Ras Mohaisen water project

Saudi Water Partnership Company (SWPC) has announced the financial close of Ras Mohaisen water desalination project in Makkah region with a total investment value of SAR2.57 billion ($684 million). Once operational, it will boast a 300,000 cu m/day production capacity. ...

Construction & Real Estate

Thakher Development seals prime Makkah property land deal

Leading Saudi real estate group Thakher Development has announced that a deal has been signed by leading Saudi asset management company Nama Capital in collaboration with Alazm Holding to acquire a prime plot of land within its key development Thakher Makkah. ...

Construction & Real Estate

Metito consortium wins key Makkah sewage treatment plant project

Metito Utilities has announced that its consortium - with key partners Etihad Water and Electricity (EtihadWE), and SkyBridge - has secured the contract for the development of the Hadda Independent Sewage Treatment Plant (ISTP) project in the Makkah Province. ...

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