Makkah,Saudi Arabia – Umm Al-Qura Advancement and ​Reconstruction​ Company has launched a new real estate ⁢investment model for its “Masar” destination,enabling the sale of ‍land through a pre-reservation mechanism. The initiative marks a ‌strategic shift designed to accelerate project ⁣implementation ⁣and enhance investment clarity.

The inaugural land sale under this ‌model encompassed a total area ​of 5,311.01‌ square meters, acquired by Al-Wadi Real Estate Company, affiliated with ⁣a real estate ⁢fund operated by ⁢SDCCO Capital. This new approach‍ aims to provide developers with greater versatility to complete preparatory work while aligning with the company’s strategy to expedite the “Masar” project’s development and bolster its financial capabilities.”The adoption‌ of the pre-booking mechanism reflects our commitment to providing a flexible and transparent​ investment habitat,” stated Yasser‌ Abu​ Ateeq, CEO of Umm al-Qura Development and reconstruction Company.‌ “It enables⁣ developers to complete their preparatory‍ work⁣ efficiently,and at the same time keeps pace ⁣with our strategy aimed at accelerating the​ pace of implementation of the project and promoting its regulatory and financial ⁢capabilities.”

The company believes ‍this model will solidify ‍”Masar’s” position as a premier destination for developers and‍ investors by fostering a balanced environment that addresses both development requirements ​and logistical needs, while optimizing cash flow management. The initiative ⁢is intended to ⁢create‌ a clear framework for future transactions, enhancing the ⁤attractiveness of⁣ the “Masar” destination and offering investors access to an integrated investment system‍ within Makkah Al-Mukarramah.

Al-Mouwasat Medical Services Company announced‍ plans today, September 2, 2025, to substantially expand its healthcare ⁣infrastructure with the construction of a ​new hospital in Al-Ahsa and expansions to⁣ its existing facilities⁢ in Al-Qatif and Riyadh. The expansions signal a major investment in saudi Arabia’s healthcare sector, aiming to bolster medical capacity and services across key regions.

This strategic move ⁤addresses growing ⁢healthcare demands within the Kingdom and ‌underscores Al-Mouwasat’s commitment to providing advanced medical care. The⁣ new al-Ahsa hospital and the enhancements to the Al-Qatif and ​Riyadh hospitals will collectively increase bed ‍capacity, broaden the scope⁢ of ‌specialized treatments offered,⁣ and improve access to quality ⁣healthcare⁣ for a larger patient base. ‍Financial‌ details of the projects were not immediately disclosed, but the company⁢ indicated ⁤further announcements will follow regarding timelines and investment amounts.

Founded in 1983, Al-Mouwasat operates a network ​of hospitals and medical centers​ throughout Saudi ⁤Arabia. The⁣ company has⁤ consistently focused on delivering extensive healthcare solutions, including specialized medical services, advanced diagnostic ⁣capabilities,​ and patient-centered care.the planned expansions include a significant upgrade to Al-Qatif Hospital and Riyadh Hospital, details of which ⁤will be ⁣released in the coming months.The company⁤ anticipates ‌the projects will be completed within the next few years,‍ with the Al-Ahsa hospital targeted for⁢ completion in ‍the fourth quarter ‌of 2029, followed by the Al-Qatif ⁢Hospital expansion in the second ‌quarter of 2029, ⁣and ⁣the Riyadh ‌Hospital​ expansion in the fourth quarter‌ of ‌2028.