The collaboration comes as a strategic step to support the growth of the hospitality and residential sectors within Masar, and enhance the experience of visitors and residents by providing modern and diverse accommodation options. The collaboration comes as a strategic move to support growth in the hospitality and residential sectors within Masaar, and to enhance the visitor and resident experience by providing modern and diverse accommodation options.
The CEO of Al Rajhi Investment Company and Al Jazeera Capital welcomed the launch of a private real estate fund with a target capital of SAR 1 billion to develop hotel and residential units within the destination. <Yasser Abdulaziz Abu Ateeq, CEO of Umm Al Qura for Development and Construction, welcomed the new partnership, emphasizing that the agreement reflects the growing confidence in the investment potential of Masar, one of Makkah's ambitious urban projects. Nayef Saleh Al Rajhi, Chairman and CEO of Nayef Al Rajhi Investment Company, expressed his pride in this partnership that aims to develop two quality projects in Masar, emphasizing the company's commitment to contribute to the creation of projects that enhance the quality of life in the Kingdom.
Nayef Saleh Al Rajhi, Chairman and CEO of Nayef Al Rajhi Investment Company, expressed his pride in this partnership that aims to develop two quality projects in Masar. Nayef Al Missned, CEO and Managing Director of Al Jazeera Capital, noted that this initiative represents a new step towards providing innovative and diversified investment solutions in line with customer aspirations, stressing the importance of the real estate sector as one of the tributaries of sustainable economic development.
A statement issued by Al Jazeera Capital said that the company is proud of this partnership that aims to develop two quality projects in Masar, stressing its commitment to contribute to the creation of projects that enhance the quality of life in the Kingdom.
A statement issued by Umm Al Qura said that Masar is an urban destination with a development and investment character, which aims to improve the quality of life in Makkah through advanced facilities and services, and provides an integrated investment environment that supports the Kingdom's vision in developing infrastructure and stimulating tourism and economic growth in the region.
