Sunday 7 August 2022

$7bn Makkah mixed-use project Phase One nearing completion

RIYADH, July 6, 2022

Construction work on the first phase of the SR26 billion ($7 billion) Thakher Makkah, one of the largest projects in the Saudi city of Makkah, is almost complete, according to Thakher Development Company, the master developer of the project.

Spanning an area of 320,000 sq m on a site located 1 km from the Grand Mosque (Haram), the massive project will, upon completion, include about 100 land plots for the development for hotels and residential, commercial, and service-related facilities.

The residential and hotel apartments units will be available in various categories, and will be also available for ownership, said a statement from the developer.

Thakher Makkah is set to host a number of international hotels including the Radisson Hotel, the Park Inn by Radisson, and the Novotel Hotel, and will boast the world's largest number of hotel rooms, claimed Thakher Development Company.

The Thakher Makkah project aims to provide exceptional opportunities for visitors and investors, including pilgrims, Umrah performers and general visitors to Makkah, it stated.

"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," said Engineer Abdulaziz bin Saleh Al-Aboudi, CEO of Thakher Development Company.

"The project will provide a wonderful experience for visitors and residents, as it is only a few minutes’ walk from the Grand Mosque, and a few kilometers away from the holy sites of Muzdalifah, Mina and Arafat. This ensures a comfortable stay and smooth transfers."

A shopping centre within the project will contain 124 international and local brand stores, and offer various options for shoppers, including entertainment centre for children, cafes and restaurants from different international cuisines. The project, which provides up to 10,000 car parking lots, will contain a mosque that accommodates 5,000 worshippers.

The development’s infrastructure facilities will include a road network, tunnels, pavements, landscaping, as well as shopping areas, restaurants, and cafes.

"We are committed to developing the infrastructure and masterplan according to the specified timeline for both, and soon we will be sharing more details and figures about the work progress and the project’s many economic and non-economic advantages,” Al-Aboudi added.

Thakher Makkah project will provide 15,000 direct jobs and 18,000 indirect jobs. The second phase is expected to be delivered in 2024.-TradeArabia News Service


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