Asian Spectator


The Times

.

Umm Al Qura Unveils SAR 50 Billion Growth Strategy and Launches SAR 6 Billion Masar Gardens Project in Makkah

  • Written by Umm Al-Qura Development and Construction Company
Masar Gardens
MAKKAH, SAUDI ARABIA - Media OutReach Newswire[1] - 9 June 2026 - Umm Al Qura for Development and Construction has announced its 2026–2030 growth strategy, marking a significant step in its transformation from a single-destination developer into a diversified urban destination and investment platform across Saudi Arabia's Western Region.

Masar Gardens

As part of this strategy, the company unveiled Masar Gardens, a new mixed-use urban destination in Makkah with an initial infrastructure and land investment of approximately SAR 6 billion. The project spans 1.2 million square meters and is expected to be developed over a five-year period.

The new strategy targets expanding Umm Al Qura's development portfolio beyond its flagship Masar Destination, with future projects planned across Makkah, Jeddah, and Madinah. The company aims to create a diversified portfolio of urban destinations valued at exceeding SAR 50 billion while attracting new investment opportunities and strategic partnerships.

Yasser Abuateek, Chief Executive Officer of Umm Al Qura for Development and Construction, said the company is leveraging its proven development expertise and institutional capabilities to deliver long-term value for investors, communities, and the wider economy.

Masar Gardens will feature residential, commercial, hospitality, and public-use components supported by extensive infrastructure, green spaces, pedestrian pathways, and modern mobility solutions. The project is designed to contribute to Makkah's long-term urban development objectives while enhancing quality of life and strengthening the city's attractiveness as an investment destination.

The announcement reflects the company's broader vision of developing scalable urban destinations that support Saudi Arabia's economic diversification ambitions and create sustainable growth opportunities for local and international investors.

[2]

Hashtag: #Development #SaudiArabia

The issuer is solely responsible for the content of this announcement.

References

  1. ^ Media OutReach Newswire (www.media-outreach.com)
  2. ^ (www.ummalqura.com.sa)

Authors: Umm Al-Qura Development and Construction Company

Read more https://www.media-outreach.com/news/saudi-arabia/2026/06/09/469654/

Magazine

Compressed Air Pipe and Fittings: What Every Australian Industrial Facility Needs to Know

Compressed air is the fourth utility of modern industry, right alongside electricity, gas, and water. Yet despite its critical role in powering everything from pneumatic tools to automated productio...

Common Risks Hidden in Commercial Lease Agreements

Commercial leases are often longer and more complex than tenants expect, and the fine print can carry significant financial and operational consequences over the years that follow. Many business own...

Corporate Secretarial Services in Singapore: Annual Compliance, Key Filings, and Common Mistake

Annual compliance in Singapore should not be treated as a once-a-year administrative event. It is an ongoing governance system that depends on accurate records, timely filings, disciplined approvals...

hacklink hack forum hacklink film izle hacklink z-librarytelegram下载betwoonzlibrary.jojobetสล็อตสล็อตgrandpashabetstakejojobetStreamEastStreamEasthitbet girişroyalbetjojobetjojobetdamabetPadişahbetvipparkmobiladres.comDizipalStreamEastPadişahbetGalabetmostbetholiganbetmarsbahismarsbahiskralbetkralbetmeritkingSuperbetin