Makkah Construction and Development Co. Purchases Land Near Grand Mosque for SAR 980 Million

Makkah – EcoPulse24

Makkah Construction and Development Co. has finalized the purchase of a strategic plot in Makkah for nearly SAR 980 million, as part of its plan to strengthen its portfolio of prime real estate assets close to the Grand Mosque.

According to a statement published on Tadawul Saudi Arabia, the transaction was completed through a public auction organized by Adeer Real Estate on Tuesday, 30 December 2025. The land is located on Ajyad Street, approximately 500 meters from the Grand Mosque’s plaza, with a total area of 6,985.88 square meters.

Deal Details:
- Purchase value: Approximately SAR 980 million, including commission and real estate transaction tax
- Seller: Center for Expropriation and Liquidation “Infath”
- Buyer: Makkah Construction and Development Co.
- Transaction date: 30 December 2025
- Financing: Company’s own resources and bank facilities
- Special conditions: None

Planned Mixed-Use Project:
The company intends to develop the land into a mixed-use real estate project comprising a hotel and a commercial complex. This aligns with its strategic direction to capitalize on growing demand for hospitality and commercial facilities in the central area surrounding the Grand Mosque.

Expected Impact:
The company stated that the deal supports its long-term growth strategy, aiming to:
- Enhance the portfolio of prime real estate assets
- Develop income-generating assets for recurring operational revenue
- Support the creation of sustainable value for shareholders over the long term

The transaction is expected to strengthen the company’s financial position, with no related parties involved in the purchase.