Complementing its development projects in Makkah, Jabal Omar Development Company succeeded in establishing a real estate investment fund to purchase a minimum of 52 residential units in the first phase of the Jabal Omar project in Makkah with an approximate value of one billion riyals (to be determined after the completion of due diligence) and it is expected that all procedures to establish the fund will be completed before the end of the fourth fiscal quarter, and the fund after its establishment, and the necessary approvals from the Capital Market Authority and signing sales and management contracts, this came in the memorandum of understanding concluded by Jabal Omar Development Company with Albilad Financial, the investment banking arm of Bank Albilad, and according to the

The Jabal Omar project is one of the major development projects in Makkah, this project is located on Jabal Omar west of the Grand Mosque and covers an area of 230 thousand square meters, and the site is bordered on the east by Ibrahim Al-Khalil Street, which turns north to become Umm Al-Qura Street, west to Al-Hafayer and south to Dahla Al-Rushd.

The project is one of the major development projects in Makkah.

Jabal Omar Development Company, a public joint stock company, will develop the area (buildings and infrastructure), including management, investment, leasing, and implementation of all architectural engineering works necessary for surveying, construction, building, maintenance, demolition, and providing appropriate residential and commercial spaces with the required facilities and services to serve the pilgrims, Umrah pilgrims, visitors, and residents.

Jabal Omar Development Company, a public joint stock company, will develop the area (buildings and infrastructure).