Saudi-based Umm Al Qura for Development & Construction Company has announced the launch of a unified digital platform for property ownership within its premium Masar Destination in Makkah through approved developers.
Saudi Tourism Development Fund (TDF) has entered into a finance agreement with Arab National Bank and real estate group Hamat Holding for its premium retail destination, Masar Mall, being set up at an investment of SAR936 million ($250 million) in the Makkah region.
Al Ramz Real Estate said it has signed an agreement with a fund managed by Al Rajhi Capital, a leading financial group in Saudi Arabia, to develop two residential towers on a plot spanning over 6,000 sq m in the King Abdulaziz Road District in Makkah.
Indra, a Spanish aerospace, defence and mobility systems group, has announced that it has secured the renewal of its operation and maintenance contract for the Haramain High-Speed Line project from Saudi Arabia Railways (SAR) for another five-year term.
Gulf Hotels Group (GHG) has signed an MoU with Burhan Hotels to enter Saudi Arabia, covering three Makkah hotels with around 1,000 rooms. GHG will operate and manage the properties, oversee renovations and repositioning, and pursue partnerships with international hotel brands as part of its expansion strategy.
Saudi Water Partnership Company (SWPC) has announced the financial close of Ras Mohaisen water desalination project in Makkah region with a total investment value of SAR2.57 billion ($684 million). Once operational, it will boast a 300,000 cu m/day production capacity.
Leading Saudi real estate group Thakher Development has announced that a deal has been signed by leading Saudi asset management company Nama Capital in collaboration with Alazm Holding to acquire a prime plot of land within its key development Thakher Makkah.
Metito Utilities has announced that its consortium - with key partners Etihad Water and Electricity (EtihadWE), and SkyBridge - has secured the contract for the development of the Hadda Independent Sewage Treatment Plant (ISTP) project in the Makkah Province.
The Royal Commission for Makkah City & Holy Sites (RCMC) has signed a strategic agreement with Almosafer, part of Seera Group, to strengthen the tourism ecosystem in Makkah and enhance the overall pilgrim and visitor journey.
Hilton has announced during World Travel Market in London the signing of an agreement with Wirgan Hospitality to rebrand two of their trading hotels in Makkah, Saudi Arabia – the first Tapestry Collection by Hilton in Makkah and a DoubleTree by Hilton. Both hotels are set to open before the end of the year.
