Umm Al Qura for Development and Construction strengthens relations with international investors at select shanghai 2026

Logo of Umm Al Qura for Development and Construction Company

Umm Al Qura for Development & Construction, the owner, developer, and operator of MASAR Destination, participated in CMF Select Shanghai 2026, a two-day forum organized by Saudi Tadawul Group at the Shanghai Stock Exchange. MASAR Destination participated as Partner Sponsor of the forum, as part of the Company’s efforts to strengthen its international presence, expand channels of engagement with investors, and showcase the Company and the promising investment opportunities offered by MASAR Destination in the heart of Makkah.

During the forum, the Company highlighted its integrated business model, which brings together development, investment, and operations, as well as its 2026–2030 Strategy and plans for growth and expansion. It also showcased MASAR Destination, the investment opportunities it offers and its ability to attract development investment within a mixed-use urban ecosystem, thereby diversifying the Company’s portfolio and supporting the creation of sustainable economic value.

Commenting on the occasion, Mr. Yasser Abuateek, Chief Executive Officer of Umm Al Qura for Development & Construction, said: “Our participation in CMF Select Shanghai 2026 strengthens the Company’s presence at international investment forums, supports the development of strategic partnerships with global investors, and showcases the investment potential of MASAR Destination. It also provides an opportunity to highlight our achievements in implementing our growth strategy and open new avenues for international collaboration, further reinforcing Makkah’s position as a global destination for visitors and investment.”

CMF Select Shanghai 2026 is one of the specialized editions of the CMF Select series. It brings together leading financial sector executives, institutional investors, and capital market participants from Saudi Arabia and China, enabling Saudi companies to explore new opportunities for collaboration and investment as well as strengthen engagement with the international investment community amid the Kingdom’s growing openness to global markets.

MASAR Destination is one of the largest urban development destinations in Makkah. It encompasses an integrated ecosystem of residential, commercial, hospitality, as well as service facilities and contributes to enhancing quality of life and advancing economic development, in line with the objectives of Saudi Vision 2030 and in support of the Holy Caiptal’s rapid growth efforts.