Umm Al Qura and Makkah Construction Win SAR 6 Billion Hindawiya Development Award in Makkah

A consortium led by Umm Al Qura for Development and Construction (4325), the developer behind the Masar Destination, has won the right to develop two districts in Makkah at an initial estimated investment of about SAR 6 billion. The group received its letters of award on 31 May 2026 from the Royal Commission for Makkah City and Holy Sites and disclosed the win to the Saudi Exchange on 1 June.

The award covers Hindawiya West, spanning roughly 841,292 square meters, and Hindawiya South, at about 308,304 square meters, a combined footprint near 1.15 million square meters that sits alongside the Masar corridor running toward the Grand Mosque. The consortium expects to deliver the project over a period of up to five years.

Two listed names share the work. Umm Al Qura (Masar) acts as consortium leader and development manager. Makkah Construction and Development Company (4100) comes in as the financial partner, while Al Rajhi United Real Estate, which is not listed, serves as the technical partner, handling development works and the related financial commitments. Property owners inside the two districts can either join the development in exchange for in-kind shares or take cash compensation.

Both Umm Al Qura and Makkah Construction told the market they cannot yet quantify the financial impact of the award and will disclose any material developments as they occur. The SAR 6 billion figure covers infrastructure and land for the two sites.

The Hindawiya award is one piece of a larger push. The Royal Commission awarded six development sites in Makkah spanning more than 2.7 million square meters, with total investment of roughly SAR 13.3 billion. The other sites include South Jurhum, Al Khalidiyah, Al Hajlah, and East Hindawiya, with implementation routed through a dedicated real-estate investment fund.