Sulaiman Al Rajhi Actual Property Firm has introduced the launch and inspection of a bunch of actual property tasks belonging to the Sulaiman Al Rajhi Endowment system in Makkah, with a complete funding exceeding eight billion riyals. These tasks embody industrial, residential, and hospitality developments, in addition to strategic land plots, as a part of the corporate’s dedication to supporting the Kingdom’s actual property sector and enhancing the standard of life within the holiest place on Earth.
The announcement was made throughout a subject tour participated in by Eng. Saleh Al-Rasheed, CEO of the Royal Fee for Makkah Metropolis and Holy Websites; Ihsan Bafakih, Chairman of the Board of Administrators of Sulaiman bin Abdulaziz Al Rajhi Holding Firm; Haitham Al-Fayez, Chairman of Sulaiman Al Rajhi Actual Property Firm and CEO of Sulaiman Al Rajhi Holding Firm; Eng. Moath Al-Mukhudub, Managing Director and CEO of Sulaiman Al Rajhi Actual Property Firm; and Eng. Anas Mansour Abadi, CEO of Actual Property at Sulaiman Al Rajhi Holding Firm and consultant of the Sulaiman Al Rajhi Endowment, alongside members of the Board of Administrators of each the Holding and Actual Property corporations and the manager group.
The tour included the launch of the “Tilal Towers” challenge, with an funding worth of two billion riyals, that includes greater than 2,500 lodge rooms to strengthen the presence within the hospitality sector inside the Holy Capital.
The delegation additionally visited the “Tilal Village” challenge, valued at SR2.8 billion, which is among the distinguished qualitative tasks inside the hospitality ecosystem in Makkah.
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Moreover, the go to lined the residential buildings inside Tilal Village, comprising 828 items with an funding of SR800 million, the place the delegation inspected the specialised hospital, medical advanced housing, and the workplace and industrial plazas.
Through the tour, a contract was signed for the “Al Rajhi Middle” challenge, valued at SR250 million, as a part of a complete rehabilitation plan.
The inspection additionally included the “Al-Ukayshiyyah” land, spanning 4 million sq. meters, and the “Al-Ghazzawi” challenge land, valued at SR250 million.
The tour concluded with prayers on the Aisha Al Rajhi Mosque, the second-largest mosque in Makkah after the Holy Mosque, with a capability for 50,000 worshippers.
This go to underscores the significance of those investments, which characterize a transparent course towards enhancing the administration of the endowment’s property by diversification, redevelopment, and strategic enlargement, according to the event objectives of the Makkah metropolis and Saudi Imaginative and prescient 2030.
Sulaiman Al Rajhi Actual Property, a subsidiary of Sulaiman bin Abdulaziz Al Rajhi Holding Firm, continues to supply revolutionary options to raise the actual property sector to worldwide requirements.
