Investment and real estate development company Thakher Development Company stated that works on the first phase of its $7bn Thakher Makkah development is almost complete.
Spanning an area of 320,000m2, on a site located 1km from Masjid al-Haram (the Grand Mosque) in Makkah Al-Mukarramah (more commonly Makkah), the Thakher Makkah project aims to become the preferred destination for visitors to the Holy City, according to its developer.
Once complete, the project will provide 15,000 direct and 18,000 indirect jobs and aims to contribute to Makkah’s sustainable development. “The project participates in achieving the objectives of Vision 2030 about enhancing the services provided to pilgrims and Umrah performers and enriching their experience, in addition to promoting the real estate and economic development of the city. Additionally, it enables those wishing to own a unique property an integrated community with services, a vibrant and safe environment close to the Grand Mosque,” the firm said in a statement.
Pursuant to these recent announcements, Construction Week Saudi spoke to Eng Abdulaziz bin Saleh Al-Aboudi, the CEO of Thakher Development Company, to learn more about its modern urban living project and how it can elevate one of the most historic locations in the world.
“The Thakher project is equipped with the best-in-class urban planners and designers, and it elevates the rocky hills of the Holy City to one of the most accessible, diverse and welcoming destinations, providing residents, investors, and visitors with exceptional opportunities and an unprecedented living experience in a historical location,” Al-Aboudi said.
He noted that the project’s design phase has been ongoing for a few years with a certain level of agility to accommodate continuous improvements that might be of need. Al-Aboudi pointed out that project phases have also allowed a smooth operation between infra and superstructures.
Thakher project to mix contemporary with history
According to the CEO, Thakher Makkah is also “a game changer in the property, hospitality, and retail space”. The development offers new investment and sustainable growth opportunities, collaborations, and living experiences, with its strategic location providing exceptional options and opportunities for visitors and investors.
Al-Aboudi further noted that the development aims to enhance the services provided to pilgrims and Umrah performers and enrich their experience, adding that “this will allow the contemporary and distinctive development of the project to perfectly meet the aspirations of visitors and investors”.
Regarding plans in the kingdom and the broader Middle East region, Al-Aboudi noted: “Business success is measured by our commitment in delivering the project according to the timelines set and providing unprecedented high-quality services and opportunities to investors and visitors.”
“The project’s various facilities make it one of the most comprehensive real estate projects in Makkah and also aims to contribute to rising accommodation requirements in the Holy City. In addition, we are enhancing the services provided to pilgrims and enriching their experiences, so the contemporary and distinctive development of the project perfectly meets the aspirations of residents, investors and visitors,” he concluded.
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