93. Mecca Tareeq al-Mawazee
Project Overview
Tareeq al-Mawazee is a mixed-use scheme
being developed alongside one of the main roads into Mecca.
The project involves the redevelopment of a 1 sq km site. Once complete, the scheme will feature residential, commercial, retail and hospitality districts, on some of the kingdom’s most expensive land.
Project Analysis
Mecca defies the global property trend
Unlike projects elsewhere in the kingdom and the wider Gulf region, real estate schemes planned for Islam’s holiest city have been relatively unaffected by the global downturn
News
Saudi developer to float Mecca project on stock market
The project company behind the SR21bn ($5.6bn) Tareeq al-Mawazee development in Mecca is expected to list its shares on the Saudi stock exchange (Tadawul) by the end of 2009.
Key Facts
Client: Dallah Albaraka Group
Sector: Real Estate
Stage: Design
Budget: $4.6bn
Completion date: Q4 2017
Location: Saudi Arabia
MEED Projects
