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 attracting investments in several other sectors, including health, hospitality, housing and commerce, in addition to investments aimed at enriching the quality of life.
These developments came to light in the latest report issued by Masar for the fourth quarter of 2022. The report confirmed 100 percent completion of the metro infrastructure, 100 percent of tunnels and bridges, while pedestrian walkways exceeded 85 percent, road intersections surpassed 98 percent, parking lots reached 93 percent, and service tunnels that serve the infrastructure of the project stand at 91 percent. Meanwhile, work at the metro stations is nearing the final stages and is 99 percent complete.
Yasser Abuateek, CEO of Umm Al-Qura for Development and Construction Company, said that the completion rates of the infrastructure of Masar are a vital achievement in the building of a landmark that will contribute to enhancing the quality of life of the residents and visitors of Makkah.
“We signed many agreements in numerous sectors that serve the destination. We started the construction work for the first premiere package of hotel projects, which will contribute effectively to achieving the Kingdom’s Vision 2030 goal, namely to receive 30 million pilgrims by 2030,” Abuateek said.
Masar is an urban destination offering unparalleled experiences that are seamlessly designed to the unique needs of each visitor to inspire every journey and enhance the quality of life for both residents and visitors of Makkah. The project aims to provide an integrated community lifestyle, based on global destination industry standards, promoting the holy city as an attractive destination for long-term investment.
