Alandalus Property has started work on a major commercial development in Makkah being developed at a total investment of USD 221 mln in the Umm Jurfan neighbourhood of the Saudi city.
On completion, the project will have 350 rental units, said Alandalus Property in its filing to the Saudi bourse Tadawul.
Spanning a 127,434 sq m area, the key commercial property comprises two floors and multi-level parking facilities for 1,800 cars, it added.
The Board of Directors of Masat Property signed up Hamat Holding as the project developer.
The Makkah retail project is likely for completion in the first quarter of 2027.
