Riyadh – June 2, 2026
In a move that further strengthens its position as a trusted and preferred strategic partner for the delivery of major national projects, AlRajhi United Company announced that the consortium formed by AlRajhi United, Umm Al Qura for Development and Construction Company, and Makkah Construction and Development Company has been awarded the contracts for the development of the Western Al Hindawiyah and Southern Al Hindawiyah districts, adjacent to the Masar Destination in the Holy City of Makkah. The project forms part of the Developed Neighborhoods Program under the supervision of the Royal Commission for Makkah City and Holy Sites.
The selection of AlRajhi United to lead and develop this strategic project, which spans approximately 1.15 million square meters, reflects the company’s strong financial position and advanced engineering and execution capabilities. The development is expected to serve as a model for sustainable urban communities that enhance quality of life while supporting the objectives of Saudi Vision 2030.
The project will be delivered through an innovative financial structure involving the establishment of a Real Estate Investment Fund (REIF) managed by a financial institution licensed by the Capital Market Authority (CMA). This approach highlights AlRajhi United’s expertise in managing large-scale real estate funds and attracting high-quality investments. The scope of development includes the construction of road networks, water and sewage systems, electricity and telecommunications infrastructure, as well as the design of public spaces, parks, and community facilities in accordance with the standards of leading global cities.
Commenting on the award, Dr. Muath bin Ahmed Al Yahya, Chief Executive Officer of AlRajhi United Company, stated that the project goes beyond traditional real estate development and reaffirms the company’s role as a “sustainable national developer” with a deep understanding of the unique nature of the Holy Capital and the ability to deliver innovative engineering solutions. He emphasized the company’s commitment to executing the project in line with the highest international standards of quality, sustainability, and energy efficiency.
Dr. Al Yahya added:
“Our strategic partnership with distinguished real estate leaders such as Umm Al Qura for Development and Construction Company and Makkah Construction and Development Company reflects the strength of national collaboration and demonstrates the high level of confidence that AlRajhi United enjoys within the investment community. Together, we look forward to fulfilling the aspirations of the Royal Commission for Makkah City by transforming these districts into integrated urban destinations that provide an exceptional experience for the residents of Makkah and its visitors, including the Guests of Allah.”
Founded in 2010, AlRajhi United Company is a leading investment and real estate development company specializing in opportunities within the Saudi market. Established and owned by a group of the sons of Sheikh Sulaiman Al Rajhi, the company operates across five key sectors: residential, infrastructure, commercial, hospitality, and logistics. With projects spanning multiple regions across the Kingdom, AlRajhi United has established itself as a trusted strategic partner for both public and private sector entities in the delivery of major national development projects.