Jabal Omar Development Company announced that it has obtained an Islamic financing bridge from Bank Albilad for an amount of 900 million riyals and the agreement was signed for a period of six months in order to pay obligations on the company and there are no guarantees for this bridge.
Jabal Omar Development Company announced that it has obtained an Islamic financing bridge from Bank Albilad for an amount of 900 million riyals. <The Jabal Omar project is one of the development projects that are currently taking place in Makkah and consists of 38 towers ranging in height from 20 to 40 floors (for the twin towers), taking into account the gradual increase in heights as the distance from the Grand Mosque, and their uses vary between residential and hotel, and there are two connected towers at the beginning of King Abdulaziz Pedestrian Road leading to the Grand Mosque Square will be a prominent feature of the project as it was designed as two symmetrical towers connected by an overhead bridge that contains The project contains 11,454 hotel and residential rooms in addition to 204 medium villas with an area of 175 m, accommodating approximately 36,000 residents at one time and more than 150,000 worshipers performing prayers and connecting their ranks with worshipers in the Grand Mosque. The project also provides more than 3,500 parking lots and commercial markets in addition to a network of roads for cars and pedestrians separate from each other, and the project provides all infrastructure facilities, public places and squares and services related to this project.
Jabal Omar Development Company, a public joint stock company, is developing the area (buildings and infrastructure), including management, investment and leasing, and carrying out all the necessary architectural engineering works 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.
The project is located on top of Jabal Omar, and the site is bordered to the east by Ibrahim Al Khalil Street, which turns north to Umm Al Qura Street, west to Al Hafayer and south to Dahla Al Rushd.
