Makkah Construction Wins SAR 6 Billion Development Awards

MCDC

MCDC

4100.SA

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On June 1, 2026, Makkah Construction and Development Co. announced receiving two letters of award from the Royal Commission for Makkah City and Holy Sites for developing the Hindawiya West and Hindawiya South sites adjacent to Masar Destination. The consortium, comprising Makkah Construction and Development Company, Umm Al Qura for Development and Construction Company, and Al Rajhi United Real Estate Company, will develop the combined 1,149,596 square meters area with an initial estimated cost of SAR 6 billion. The development will be executed through a Real Estate Investment Fund managed by a Capital Market Authority-licensed financial institution, with each consortium member taking distinct roles as Financial Partner, Consortium Leader and Development Manager, and Technical Partner respectively.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95734&anCat=1&cs=4100&locale=ar

Attached PDF document link:

https://www.saudiexchange.sa/Resources/fsPdf/30894_446_2026-06-01_09-48-52_en.pdf

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