Monday, 21 April 2025

Investment worth SR2.7bln, set to be completed, in 2026

Largest Mall Constructing Contract, Co-signed, in Makkah

اقرأ المزيد

Umm Al-Qura Company for Development and Construction, owner  of the destination “Massar”, in Makkah, in partnership with Hamat Holding Company, co-signed a partnership agreement to develop and operate the largest mall in Makkah, “Massar Mall”.

It will be with an investment worth SR2.7 billion, and the work is set to be completed, in 2026.

The agreement, signed by the CEO of Umm Al-Qura Company for Development and Construction, Yasser Abu Atiq, and the Chairman of the Board of Directors of Hamat Holding Company, Engineer Saleh Al-Habib.

It provides for the development of Masar Mall facilities and utilities, in an investment promising of creation of many direct and indirect job opportunities..

It is scheduled to develop “Massar Mall” on a land area of ​​71,000 square meters and provides shopping areas of more than 130,000 square meters, suitable for various activities.

The mall is characterized by its strategic location, at the western entrance of Makkah, to the destination “Massar” opposite the Haramain Train Station.

It gives easy access through the 3rd Ring Road and King Abdulaziz North and South Roads.

In addition, it is characterized by many specifications and advanced equipment, reflecting exceptional values for investment, and laying ground for unique prospects, in the shopping and entertainment industry, in the Kingdom.

The “Massar” destination is a modern one, with a development and investment vision.

 Upon its completion, it will constitute a modern landmark with multiple capabilities and advantages.

It will contribute to enhancing the quality of human life for the people of Makkah and its guests and will provide a diverse integrated system that attracts investment, in several basic sectors, supported by the quality of its facilities and services.

And the final goal is to make Makkah an attractive and appealing destination for long-term investment.

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