Alandalus announces 36% completion of Makkah shopping center

Logo of Alandalus Property Co. 

Alandalus Property Co. said the excavation, concrete, and structural works of its project in Makkah were 36% completed, with all works proceeding according to the approved execution plan.
 
In a statement on Tadawul, the company said the project is expected to open in Q1 2027, as scheduled.
 
 

Massat Real Estate Co.’s board of directors approved naming the project Al Huda Park, the statement said, adding that no notices have been received to date regarding any material changes in costs.

 

The company added that any significant updates will be disclosed in due course.

 

According to data compiled by Argaam, Massat Real Estate, which is 25% owned by Alandalus and 75% by Burooj International, purchased land located in An Naqa Al Jadid district, southwest of Makkah, for a total value of SAR 174.2 million, to be used in a joint real estate project.

 

In July 2024, the company announced the start of construction on a landmark shopping center in Makkah with a total estimated cost of SAR 831 million, including the land value.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2025, Argaam Investment, All Rights Reserved
Call Request