Corporate News Room
Jabal Omar announces plans to enable sub-developers as part of its strategic transformation plan
• Mr. Khaled Al Amoudi, CEO: The Jabal Omar model aims to inject a new way of thinking in the real estate sector and enables sub-developers to seize opportunities in Mecca.
• Supports growing business and accelerates the completion of development works in Mecca.
• In line with Saudi Vision 2030 to develop the hospitality sector in Mecca to accommodate the expected increase of Hajj and Umrah pilgrims in the near future.
XX August 2021, Mecca, Saudi Arabia: Jabal Omar Development Company (“Jabal Omar”), one of the largest real estate developers in Saudi Arabia, announced the launch of a new program within its strategic transformation plan. This new program revolves around expanding investment opportunities in line with Saudi Vision 2030 to develop the hospitality sector in Mecca, as an essential element to accommodate the expected increase of Hajj and Umrah pilgrims in the near future.
In this context, Mr. Khaled Al Amoudi, CEO of Jabal Omar Development Company, stressed that companies can play a complementary role alongside other real estate developers in their projects, and establish a new way of growing its business in the real estate market. Al Amoudi emphasized that such initiatives accelerate the completion of development works that will enable sub-developers to seize unique investment opportunities, enhance their technical expertise, boost customer confidence, as well as place them at the forefront of development companies.
“As a major real estate developer, we have the duty to collaborate with other private sector entities. This entails enhancing joint ventures and working with experts to elevate standards and promote investment in Mecca,” said Al Amoudi.
“At Jabal Omar, our current strategy focuses on building value and adopting a new model of business to further development and realize the long-term targets of our strategic plans. Moreover, we are committed to enhancing our own performance and support the goals of and objectives of Saudi Vision 2030. That is, to increase the capacity of Hajj and Umrah pilgrims of up to 30 million visitors, as well as develop the areas around the Haram Mosque in Mecca, while providing the best service to not only elevate the sanctity and prestige of these places but to be in line with the highest international standards.” he added.
As for the company’s existing projects, Al Amoudi explained that the center of Mecca is a promising district for real estate investment, given the importance of its strategic location next to the Haram Mosque, and the growing demand for housing next to the Holy Mosque, as well as being a major destination for religious pilgrimage. This requires the implementation of several infrastructure and real estate development projects to provide the best facilities for Hajj and Umrah pilgrims throughout the year. By improving the quality of the facilities in Mecca, this enables those who are on their pilgrimage a high level of comfort and ease, and also enriches their religious journey and cultural experience. Such endeavors provide many promising investment opportunities for the construction of international-branded hotels, residential and commercial properties, as well as the development of a wide-range of facilities and services to meet the needs of visitors and residents. Overall, improving the services provided in the region.
The Jabal Omar master project is one of the most important projects aimed at developing the areas around the Haram Mosque, to accommodate an increased number of Mecca’s visitors by developing hotels and commercial areas in line with the highest standards of international quality. Thus, transforming Mecca into a bright and sophisticated reflection of the Kingdom in partnership and cooperation with various relevant government agencies and private sector companies.