Riyadh – June 7, 2026
AlRajhi United Company announced that its joint consortium with Maad International Company Limited has been awarded the contract for the development of the Southern Jurhum district in the Holy City of Makkah. The project is part of the Developed Neighborhoods Program overseen by the Royal Commission for Makkah City and Holy Sites.
The project is considered one of the region’s major urban development initiatives, covering a development area of more than 628,000 square meters and representing investments exceeding SAR 3.5 billion. It aims to transform the area into an integrated and sustainable residential community, in line with national efforts to enhance the urban landscape and improve the quality of life in Makkah.
The project will be financed and implemented through the establishment of a Real Estate Investment Fund (REIF) managed by a financial institution licensed by the Capital Market Authority (CMA). The development scope includes the delivery of fully integrated infrastructure, comprising modern road networks, water systems, sewage networks, electricity, and telecommunications services.
Commenting on this achievement, Mr. Fawaz bin Sulaiman Al Rajhi, Chairman of AlRajhi United Company, stated that the project reflects the company’s continued commitment to supporting the comprehensive urban development objectives of Makkah and reinforces its leading role in delivering transformative projects within the Kingdom.
He added:
“Through this strategic partnership, we aim to deliver a benchmark model for sustainable real estate development that aligns with the aspirations of our wise leadership and contributes to achieving the goals of Saudi Vision 2030.”
Founded in 2010 as one of the investment companies established by the sons of Sheikh Sulaiman Al Rajhi, AlRajhi United Company has grown into a driving force in real estate investment and development across the Kingdom. The company’s strategic portfolio spans five key sectors: residential, commercial, hospitality, logistics, and infrastructure development. Through its landmark projects across various regions of Saudi Arabia, AlRajhi United has established itself as a trusted strategic partner for both government and private-sector entities in the planning and execution of major national development projects.