MAKKAH, SAUDI ARABIA - Media OutReach Newswire - 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.
Hashtag: #Development #SaudiArabia
https://www.ummalqura.com.sa/en
The issuer is solely responsible for the content of this announcement.
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The Slovenia TimesIndependentCenter12 days agoUmm Al Qura for Development and Construction has announced a SAR 50 billion growth strategy for the years 2026–2030, aiming to diversify its operations across Saudi Arabia's Western Region. As part of this plan, the company launched the Masar Gardens project in Makkah, which involves an initial investment of SAR 6 billion and covers 1.2 million square meters. The initiative includes residential, commercial, hospitality, and public-use components, supported by comprehensive infrastructure. The company plans to expand its development portfolio beyond its existing projects in Makkah, Jeddah, and
Bias read (Center): The article provides factual information about a corporate development strategy and construction project without any overt ideological or political framing. It focuses on economic expansion and infrastructure development, presenting details objectively without apparent bias.
Official sources cited
- organisation Umm Al Qura for Development and Construction
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