A consortium comprising First Avenue for Real Estate Development Company, Dar Al Majed Real Estate Company (Al Majdiah) and Rekaz Real Estate Company has secured a key contract from Royal Commission for Makkah City and Holy Sites (RCMC) for the development of the East Hindawiyah District Project in Makkah.
The development will cover about 235,000sq m and will be financed through a real estate investment fund managed by Jadwa Investment.
Located around 1.8km from the Grand Mosque, the project is planned as a mixed-use development incorporating residential, commercial, office, retail and hospitality facilities, along with public spaces and infrastructure upgrades, said First Avenue for Real Estate Development Company in a Tadawul filing.
The project is being implemented as part of the Makkah Informal Settlements Development Program, a strategic initiative aimed at enhancing urban environments, improving quality of life, and supporting sustainable development objectives under Saudi Vision 2030.
The East Hindawiyah District development carries an estimated project value of SAR2bn, including land acquisition and infrastructure development costs. The masterplan will also incorporate public spaces, pedestrian-friendly environments and modern infrastructure designed to enhance the overall quality of life for residents and visitors.
