Advertisement
In this episode of Prop Personalities, we sit down with Hars...
Luxury real estate is one of the most talked-about segments ...
Welcome to Prop Personalities by Prop News Time - a podcast ...
Airports play a much bigger role than just enabling travel -...
Why does the same hotel brand operate multiple properties in...
Masar, under Umm Al Qura for Development and Construction, has awarded two significant superstructure contracts valued at SAR 3.2 billion and SAR 899 million for Packages A and B, respectively. The projects will include seven hospitality towers and two shopping centers, marking a major step in the company's ongoing expansion in the hospitality and retail sectors. These contracts aim to speed up construction, enhance Masar's development portfolio, and support regional infrastructure growth, reinforcing the company's strategic focus on high-value, large-scale urban projects.
Masar, part of Umm Al Qura for Development and Construction, has awarded contracts for two superstructure projects, covering several hospitality and retail developments. The first contract, referred to as Package A, is valued at SAR 3.2 billion, while Package B has a contract value of SAR 899 million. Advertisement
Together, the two packages include the construction of seven hospitality towers and two shopping centers. These projects form part of Masar's ongoing expansion efforts in the hospitality and retail sectors, aimed at supporting regional development and boosting infrastructure. The contracts are expected to accelerate construction timelines and enhance Masar's portfolio of large-scale developments.
The move reflects Masar's commitment to executing high-value projects and contributing to urban growth, while strategically strengthening its presence in key commercial and leisure hubs.
Source Reuters
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
