https://arab.news/n2fb5
Thakher Development Company, the master developer of Thakher Makkah, a mixed-use development comprising hotels, residential and retail units in the holy city, announced that it has obtained the off-plan sales permit from the Wafi off-plan sales and rent committee in the Ministry of Municipal, Rural Affairs and Housing in Saudi Arabia.
The Thakher Makkah project is located approximately 1 km from the Grand Mosque and a few kilometers from the holy sites of Muzdalifah, Mina and Arafat.
The company said that obtaining the off-plan sales license for both Thakher Makkah and Novotel Makkah Residences is a great achievement and proof of the commitment and efforts made by the company, leading to the fulfillment of all the requirements mandated by the Ministry of Municipal, Rural Affairs and Housing. Moreover, the license will allow the company to start the sales process.
Abdulaziz bin Saleh Al-Aboudi, CEO of Thakher Development Company, said: “The fact that Thakher Makkah obtained the license means recognition by the Ministry of Housing of the Thakher project and the development company. We are committed to delivering the project as per the schedule.”
The project’s first phase is almost complete, while the second phase is expected to be delivered in 2024.
Thakher Makkah is in line with the Kingdom’s ambitious Vision 2030, which aims to host 30 million Umrah pilgrims and 6 million Hajj pilgrims by 2030.
The project spans an area of more than 320,000 square meters. Upon completion, it will include around 100 land plots for hospitality, residential, commercial and service-related purposes. Residential and hotel apartment units will be available in various categories, and the units will also be available for ownership. Among the international hotels that will open in Thakher Makkah are the Radisson Hotel, the Park Inn by Radisson, and the Novotel Hotel, the largest in the world in terms of the number of rooms.
Thakher Development Company aims to change the real estate development scene in Makkah. The company’s vision is to contribute to the sustainable development of Makkah and to become the preferred destination for visitors to the holy city.
The Thakher Makkah project will provide 15,000 direct jobs and 18,000 indirect jobs, while the total value of the project is estimated to be SR26 billion ($6.93 million).