Balad Al-Amin Company for Development and Urban Development has concluded a memorandum of understanding with Smo Holding Company to establish an investment fund worth more than 4 billion Saudi riyals, with the aim of implementing huge development projects in line with the aspirations of the Holy City.

The agreement was signed in the presence of the Amir of the Holy Capital and Chairman of the Board of Directors, Musaed bin Abdulaziz Al-Dawood. <The agreement was signed in the presence of the Secretary of the Holy Capital and Chairman of the Board of Directors of Al Balad Al Amin Company, Musaed bin Abdulaziz Al Dawood, where it was agreed to develop the “Smo suburb” in its strategic location in Makkah. The project aims to improve the infrastructure according to the highest modern standards, contributing to meeting the needs of residents and visitors, and supporting sustainable urban growth. The project is part of a broader vision to transform Mecca into a modern global city, with advanced infrastructure that supports sustainability and economic prosperity, and enhances its position as an integrated urban destination that meets the aspirations of the future.

The project represents part of a wider vision to transform Mecca . <In addition to the Smo District project, the agreement included the signing of another memorandum of understanding between Al Balad Al Amin and Smo Holding to develop two additional projects in Makkah, spanning an area of more than 7 million square meters. These projects come as part of an ambitious plan to support urban expansion and economic sustainability, contributing to a qualitative shift in the urban landscape of the holy capital.