MAKKAH: Umm Al Qura for Development and Construction has announced the appointment of Mr. Yasser Abuateek as company CEO. Abuateek holds more than 20 years of expertise in the financial and real estate sectors and is the founder of a major real estate company in the Kingdom. In addition, he has longstanding experience in corporate and retail banking.

Abuateek will play a pivotal role in leading the company, which has started to develop King Abdulaziz Road Project, one of the largest real estate development projects in Makkah. Spanning 1.25 million square meters, the project is expected to transform the fields of transport and development in the capital and effectively contribute to facilitating the transport of pilgrims and visitors. King Abdulaziz Road Project will include housing units, hotels, centers, retail shops, government service centers and metro stations, in addition to being right next to Haramain High-Speed Railway station.

The project is designed to appeal to different lifestyles in Makkah by providing easier and more varied options for transport, shopping and residences. What distinguishes King Abdulaziz Road Project from other developments in Makkah is it provides the city’s real estate market with lands for sale or investment in prime locations  with fully developed infrastructure in-line with international standards.

Umm Al Qura For Development and Construction was established through an important national public private partnership to help achieve the national goals of increasing the number of pilgrims and visitors in line with Saudi’s 2030 vision. It will become the main channel for a range of development projects in Makkah, primarily the area surrounding the Holy Mosque.

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About Umm Al Qura for Development and Construction and King Abdulaziz Road Project in Makkah
Umm Al Qura for development and construction is the developer of King Abdulaziz Road Project, one of the most important major development projects in the Kingdom that will transform the fields of transport and development in Makkah. The project is a modern landmark and advanced cultural front with multiple features and great potential, and it contributes to facilitating the transport of pilgrims and visitors. The 3.6-kilometer road extends from the borders of the Third Ring Road at the entrance of the Makkah Jeddah Highway from the west until the First Ring Road (the Jabal Omar Project) and spans a total of 1.25 million square meters. The project is expected to receive around 60 percent of those visiting Makkah from Jeddah via car so they can park easily and safely in the parking areas distributed throughout the road. It will also receive those coming from the last Haramain High-Speed Railway station and provide them with several transport options.

The two sides of the road are separated by a boulevard so pedestrians can reach the Kaa’ba safely without crossing the street, thereby representing the natural extension of the Haram Al Sharif. The project includes several housing units, hotels, centers, retail shops, and government service centers and metro stations, in addition to being right next to Haramain High-Speed Railway station. King Abdulaziz Road Project is designed to appeal to different lifestyles in Makkah by providing easier and more varied options for transport, shopping and residences.

Umm Al Qura For Development and Construction was established through an important national partnership between the public and private sectorspublic private partnership to help achieve the national goals of increasing the number of pilgrims and visitors in line with Saudi’s 2030 vision. It will become the main development channel for a range of development projects in Makkah, primarily the area surrounding the Holy Mosque.

© Press Release 2019

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