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
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code