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Saudi-based Umm Al Qura for Development and Construction has announced that it has reached an agreement with Scope Properties for the construction of residential towers at Masar Destination in Makkah, at an investment of SAR900 million ($240 million).
Construction and infrastructure projects worth $17.3bn have been announced at the inaugural Cityscape Global Exhibition in Saudi Arabia, the kingdom’s press agency has reported.
Riyadh will host the Cityscape Global exhibition from September 10 to 13. Held under the theme “The Future of Living”, the exhibition will be sponsored by the Saudi Ministry of Municipal, Rural Affairs, and Housing and is organized by Tahaluf. The event will gather homebuyers, property experts, designers, and real estate developers from around the world at the Riyadh International Convention and Exhibition Center. Visitors from more than 170 countries are expected to attend, including 2,000 investors.
Top Swiss group Schindler has won a major contract to supply 150 elevators and escalators for Masar, an urban giga project in Makkah. Schindler will be deploying its robotic system for installing 44 units - thus marking its first mission in Saudi Arabia.
Umm Al-Qura for Development and Construction Company, owner and developer of the Masar Destination in Makkah, has announced that the project’s infrastructure work is 92 percent complete as of the fourth quarter of this year. The year 2022 was an exceptional year for Masar, as the destination transitioned from heavy investments in infrastructure (more than SR23 billion) to