Makkah Development Plan valued at SAR 100b
Projects in utilities, investment, financing, real estate and tourism are transforming Makkah for residents and pilgrims
A string of mega projects under the Makkah Development Plan have been valued at SAR 100 billion.
Covering infrastructure, real estate and tourism, the projects are expected to provide a number of opportunities for both national and international companies looking to enter the Kingdom’s lucrative market.
Ahead of the Future Makkah exhibition, being held this week in Jeddah, organisers the National Exhibitions Company and IIR Middle East, conclude the investments will provide opportunity for local, regional and international developers, investors, financiers, contractors, architects, designers and infrastructure operators.
“The Makkah Development Plan is transforming Makkah into one of the most exciting business destinations in the Middle East with large-scale projects worth over SAR 100 billion being undertaken,” said future Makkah organiser Hussain Al Harithy.
“Investors, contractors, developers and other business organizations are now looking to capitalize on the government’s ambitious spending plans, making Future Makkah the definitive venue to gain direct access to high-profile projects and strike lucrative business deals in the Makkah Region,” he continued.
Show sponsors Jabal Omar Development Co reported involvement in a number of residential and multi-storey commercial facilities, targeting the increasing number of pilgrims and Umra performers visiting Makkah.
“The government’s development strategy for the Makkah Region is expected to gain more momentum moving forward and Future Makkah will certainly be a critically important vehicle to gain strategic insight and have a better understanding of the unique demands and emerging opportunities within the region’s business and investment landscape,” Al Harithy added.
Future Makkah will be held at the Jeddah Centre for Forums and Events from 19 to 21 June 2011, from 11 am to 9 pm daily.
