Thakher makkah project: land sales mous signed for over SAR 1.5 Billion
Paving
the way for the construction of three luxury residential and hotel towers
Thakher Makkah Project: Land Sales MoUs Signed for over SAR
1.5 Billion
18 – April Thakher Development Company, the master developer of the
master plan and infrastructure of Thakher Makkah project, has announced the
sale of several land plots with the aim of developing them within the project.
The sale includes the construction of three hotel residential towers, managed
by Al Khozama Investment Company (one of Al Faisaliah Group companies) with a
value exceeding SAR 1.5 billion.
The announcement made during an event held in the Holy City of
Makkah, where several of partnerships were signed in the presence of a group of
businessmen and investors. Among the partnerships was an MoU with Madr
Investment Company, which purchased lands to develop two hotel towers. The
MoU was signed by Eng.
Abdulaziz bin Saleh Al-Aboudi, CEO of Thakher
Development Company, and Mohammad AlMalki, CEO of Madr Investment Company.
Thakher Development Company also signed the second MoU with The
Address Investment Company, which also purchased land to construct residential
hotel tower managed by Al Khozama Investment Company. The MoU was signed by Eng. Abdulaziz bin Saleh Al-Aboudi, CEO of Thakher Development Company, and Niaz Shah, Business
Development Manager of The Address Investment Company.
Eng. Abdulaziz bin Saleh Al-Aboudi, stated: "We are delighted
to announce the signing of several MoUs today, which demonstrate our partners'
confidence and support in Thakher Development Company's developmental efforts.
Our team is dedicated to meet the aspirations of investors, visitors, pilgrims,
and Umrah performers and general visitors to Makkah. Thakher's commitment to exceptional options and opportunities, with meticulous attention to detail, is aimed at enhancing the living experience for both visitors and residents, aligning with vision
2030.”
The recent MoUs signed by Thakher Development Company came at a time
of significant growth and activity in the real estate sector of the Holy City
of Makkah. This progress is attributed to the steadfast support and directives
of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud,
and His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, the Crown
Prince and Prime Minister - May Allah protect them. Furthermore, the Royal
Commission for Makkah City and Holy Sites has demonstrated exceptional care and
attention towards elevating the quality of work and services provided, ensuring
the achievement of sustainable development and prosperity in a manner befitting
the Holy City of Makkah's sanctity.
The newly established partnerships serve to benefit the visitors of
the Holy City of Makkah, and support the main objectives of Vision 2030, and
its main pillars, of a vibrant society, a thriving economy and an ambitious nation.
Thakher Makkah project, has lately obtained the off-plan sales
permit from the sales committee in the Ministry of Municipal & Rural
Affairs & Housing in Saudi Arabia. It is noteworthy that the project’s first phase is almost completed, while the second phase is
expected to be delivered in 2024.
Thakher Makkah project contributes
to the Kingdom of Saudi Arabia’s ambitious vision 2030, which aims to host 30
million Umrah performers and six million pilgrims by 2030. The project is
spanning over an area of 320,000 sqm. Upon completion, it will include about
100 land plots of various uses for hotels, residential, commercial, and
service-related areas. Residential and hotel apartments units will be available
in various categories, and the units will be also available for ownership. Among the international hotels in
the Thakher Makkah, there are the Radisson Hotel, the Park Inn by Radisson, and
the Novotel Hotel, the largest in the world in terms of rooms number.
-ENDS-
About
Thakher Makkah:
Thakher
Makkah by Thakher Development Company is one of the largest and most important
projects in the Kingdom of Saudi Arabia. The company's vision aims to change
the real estate development scene in the Holy City of Makkah by contributing to
the city's sustainable development and becoming the preferred destination for
visitors.
Thakher
Makkah project, valued at 26 billion Saudi riyals, will provide 15,000 direct
and 18,000 indirect jobs. The project partakes in achieving the objectives of
Vision 2030 by enhancing the services provided to pilgrims and enriching their
experience. It also aims to promote the city's real estate and economic
development and enable those wishing to own a unique property in an integrated
community with a vibrant and safe environment, proximity to the Great Mosque,
and valuable services.