Saudi Arabia’s Umm Al Qura For Development and Construction has announced plans for a new SAR1 billion ($267 million) hotel tower in Makkah as part of its massive Masar Destination development project near the Grand Mosque.
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.
Saudi-based Umm Al Qura for Development and Construction Company has awarded major contracts worth SAR4.1 billion ($1.1 billion) to Mobco and BEC Arabia Contracting Company for the completion of two major development packages at its Masar Destination in Makkah city.
