$27bn Makkah development plan to be showcased
Future Makkah held at Jeddah Centre for Forums & Events end June
The $27bn Makkah Development Plan (MDP) will be showcased at Future Makkah, the Makkah International Urban & Infrastructure Development Event, to be held from 19 to 21 June at the Jeddah Centre for Forums and Events.
The MDP encompasses infrastructure, utilities, investment, financing, real estate and tourism. The plan has created demand for large-scale projects across a range of industries.
It has opened up opportunities for local, regional and international developers, investors, financiers, contractors, architects, designers and infrastructure operators looking to expand their business interests in the Kingdom of Saudi Arabia.
Hussain Al Harithy from National Exhibitions Company, which is co-organising Future Makkah along with IIR Middle East, said: “The MDP is transforming Makkah into one of the most exciting business destinations in the Middle East.
“The government’s development strategy for the Makkah region is expected to gain more momentum moving forward, and Future Makkah will certainly be a critically important vehicle to gain strategic insight and have a better understanding of the unique demands and emerging opportunities within the region’s business and investment landscape,” said Al Harithy.
Sheikh Abdul Rahman A. Fakieh, chairman of the Jabal Omar Development Company, said: “We are now pursuing development projects that consist of six-star, five-star, four-star and three-star hotels, residential villas and multi-storey commercial facilities that will cater to the increasing number of pilgrims and Umra performers coming to Makkah.”