‎Alandalus reports 36% completion of Makkah shopping center

Alandalus Property Co. said construction progress on its project in Makkah has reached 36%, covering excavation, concrete, and structural works, with all activities 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, adding that no notices have been received to date regarding any material changes in costs.

Advertisement

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, 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.

Alandalus Property Co. said construction progress on its project in Makkah has reached 36%, covering excavation, concrete, and structural works, with all activities 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, 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, 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.