Launch ceremony
Jabal Omar Development Co. said construction continues on phases 2 and 3 of its master project in Makkah, and they are expected to be delivered starting from the fourth quarter of 2022.
In addition, construction recently resumed on phase 4, which is expected to be delivered by Q4 2024.
“Our focus is firmly on developing phases 2, 3, and 4, which have completion rates of 88%, 93%, and 63% respectively,” Saad bin Aiban, Chief Project Manager, said in a statement.
These are mixed-use developments comprised of hospitality, commercial, luxury residential units, and parking lots, with a combined land area of over 68,178 square meters.
The three phases, once complete, will comprise a total of 15 towers, including 5-star and 4-star luxury hotels, with a total of 5,000 keys that will be operated by international operators, Aiban said.
“We have entered into partnerships to complete all project’s existing phases and the infrastructure as per the revised target launch,” he said.
This comes after the delays in the construction work as a result of the COVID-19 pandemic, and other challenges that the Kingdom’s real estate sector faced, the top official added.
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