Saudi-based Umm Al Qura for Development and Construction Company, has announced that it has signed a land sale agreement with Methak Investment Holding for the development of a hotel apartments complex and rooms tower in Zone 3 of its mega Masar Destination. 

Umm Al Qura is the owner, developer and operator of Masar Destination, one of Makkah’s most prominent urban developments, embodying a fully integrated model for a modern destination that brings together residential, hospitality, retail, and service components within a sophisticated infrastructure network and state-of-the-art amenities.

The new project will help contribute to the growth of the hospitality sector and enhance the experience of Makkah’s residents and visitors, said the Saudi developer in its LinkedIn post. 

The agreement with Methak Investment Holding reflects Umm Al Qura’s ongoing efforts to attract quality investments to the destination and to expand its portfolio of real estate offerings that respond to evolving market demands. 

It also supports the diversification of residential uses within the destination, contributing to a richer urban landscape and providing modern housing options within an integrated environment. 

Furthermore, the project aligns with the objectives of Saudi Vision 2030 by enhancing quality of life and supporting sustainable urban development, it added.