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.
Marriott International has reached a milestone of 100 combined open and pipeline hotels in Saudi Arabia following the signing of an agreement with a fund managed by SEDCO Capital for a 1,100 room Courtyard by Marriott in Makkah.
Saudi-based Umm Al Qura for Development and Construction Company has entered into a deal with Arabian Dyar Real Estate for the sale of a 3,061 sq m plot of land within Masar Destination in Makkah. This prime plot will be used for development of residential units.
Saudi authorities have announced a major overhaul of Makkah city's road infrastructure under a series of integrated projects. It includes completion of the first, second, third and fourth ring roads, which now form an 105km interconnected network.
Riyad Capital, a leading investment manager, has entered into a deal with Saudi Railway to set up a SAR6 billion ($1.6 billion) real estate fund aimed at developing a mixed-use project based on the Transit Oriented Development (TOD) model on a 90,000 sq m area in Makkah.
King Salman Gate, a transformative multi-use development in the Holy City of Makkah, has been announced by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Saudi Arabia's Crown Prince, Prime Minister and Chairman of the Board of Directors of RUA AlHaram AlMakki Company.
