Alandalus Property Co. said today, May 19, that overall completion of the Al Huda Park project reached about 68% as of end-April 2026, with work progressing in line with the approved execution plan and timeline, according to a report from developer Masat Real Estate Co.
In a statement on Tadawul, the company said that that the project is expected to open as planned in Q1 2027, reaffirming its commitment to delivering the development on schedule and in line with the highest quality and safety standards.
Alandalus added that there have been no material changes to the project cost so far, and said it would disclose any significant developments in due course.
According to Argaam’s data, Masat Real Estate, a sister company of Andalus, owned 25% by the latter and 75% by Borouj Global, acquired land in Makkah’s Umm Jurfan district (New Al Naqa), southwest of the city, along the Fourth Ring Road (Al Ra’fah Plan), for SAR 174.2 million in June 2021 for a joint real estate development.
In July 2024, the company announced the launch of construction on a premium shopping center project in the Makkah region, with an estimated total cost of SAR 831 million, including land value. The project was later named Al Huda Park.
Alandalus Property Co. said today, May 19, that overall completion of the Al Huda Park project reached about 68% as of end-April 2026, with work progressing in line with the approved execution plan and timeline, according to a report from developer Masat Real Estate Co.
In a statement on Tadawul, the company said that that the project is expected to open as planned in Q1 2027, reaffirming its commitment to delivering the development on schedule and in line with the highest quality and safety standards.
Alandalus added that there have been no material changes to the project cost so far, and said it would disclose any significant developments in due course.
According to Argaam’s data, Masat Real Estate, a sister company of Andalus, owned 25% by the latter and 75% by Borouj Global, acquired land in Makkah’s Umm Jurfan district (New Al Naqa), southwest of the city, along the Fourth Ring Road (Al Ra’fah Plan), for SAR 174.2 million in June 2021 for a joint real estate development.
In July 2024, the company announced the launch of construction on a premium shopping center project in the Makkah region, with an estimated total cost of SAR 831 million, including land value. The project was later named Al Huda Park.
