Makkah gets Masar Gardens Project worth 6 billion riyals as Umm Al Qura Unveils Five-year Growth Strategy at SAR 50 billion
The new strategy targets at expanding the Umm Al Qura's development portfolio beyond its flagship Masar Destination, with future projects planned across Makkah, Jeddah, and Madinah.
Black News 
Umm Al Qura Unveils SAR 50 billion five-year Growth Strategy while also Launching SAR 6 billion Masar Gardens Project in the Makkah City of Saudi Arabia.
Umm Al Qura for Development and Construction has announced its 2026–2030 growth strategy, marking a significant step in its transformation from a single-destination developer into a diversified urban destination and investment platform across Saudi Arabia’s Western Region.
Masar Gardens
As part of this strategy, the company unveiled Masar Gardens, a new mixed-use urban destination in Makkah with an initial infrastructure and land investment of approximately SAR 6 billion or US$ 1.6 billion.
The project spans 1.2 million square meters and is expected to be developed within a five-year period.
The new strategy targets at expanding the Umm Al Qura’s development portfolio beyond its flagship Masar Destination, with future projects planned across Makkah, Jeddah, and Madinah.
The company aims to create a diversified portfolio of urban destinations valued at exceeding SAR 50 billion, equivalent to more than US$ 13.2 billion, while attracting new investment opportunities and strategic partnerships.
According to Yasser Abuateek, the Chief Executive Officer (CEO) of Umm Al Qura for Development and Construction, the company is leveraging its proven development expertise and institutional capabilities to deliver long-term value for investors, communities, and the wider economy.
Masar Gardens of Mecca will feature residential, commercial, hospitality, and public-use components supported by extensive infrastructure, green spaces, pedestrian pathways, and modern mobility solutions.
The project is designed to contribute to Makkah’s long-term urban development objectives while enhancing quality of life and strengthening the holy city’s attractiveness as an investment destination.
The announcement reflects the company’s broader vision of developing scalable urban destinations that support Saudi Arabia’s economic diversification ambitions and create sustainable growth opportunities for local and international investors.
