Umm Al Qura Unveils SAR 50 Billion Growth Plan
Real Estate

Umm Al Qura Unveils SAR 50 Billion Growth Plan

Umm Al Qura for Development and Construction has announced its 2026–2030 growth strategy, signalling its transition from a single-destination developer to a diversified urban destination and investment platform across Saudi Arabia's Western Region.

As part of the strategy, the company unveiled Masar Gardens, a mixed-use urban destination in Makkah backed by an initial infrastructure and land investment of approximately SAR 6 billion. Spread across 1.2 million sq m, the project is expected to be developed over a five-year period.

The new roadmap aims to expand Umm Al Qura's portfolio beyond its flagship Masar Destination, with future developments planned across Makkah, Jeddah and Madinah. The company intends to build a diversified portfolio of urban destinations valued at more than 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 development expertise and institutional capabilities to deliver long-term value for investors, communities and the wider economy.

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

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

Umm Al Qura for Development and Construction has announced its 2026–2030 growth strategy, signalling its transition from a single-destination developer to a diversified urban destination and investment platform across Saudi Arabia's Western Region.As part of the strategy, the company unveiled Masar Gardens, a mixed-use urban destination in Makkah backed by an initial infrastructure and land investment of approximately SAR 6 billion. Spread across 1.2 million sq m, the project is expected to be developed over a five-year period.The new roadmap aims to expand Umm Al Qura's portfolio beyond its flagship Masar Destination, with future developments planned across Makkah, Jeddah and Madinah. The company intends to build a diversified portfolio of urban destinations valued at more than 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 development expertise and institutional capabilities to deliver long-term value for investors, communities and the wider economy.Masar Gardens will comprise residential, commercial, hospitality and public-use components supported by extensive infrastructure, green spaces, pedestrian pathways and modern mobility solutions. The development is designed to contribute to Makkah's long-term urban development objectives while enhancing quality of life and strengthening the city's appeal as an investment destination.The announcement reflects the company's broader vision of creating scalable urban destinations that support Saudi Arabia's economic diversification agenda and generate sustainable growth opportunities for local and international investors.

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement