The Masar Mall project in Makkah has reached a critical final phase of development in 2026, backed by a massive influx of strategic funding and structural milestones. In February 2026, Saudi Arabia’s Minister of Tourism and the Tourism Development Fund (TDF), in partnership with the Arab National Bank and developer Hamat Holding, finalized a joint financing agreement injected with SAR 936 million to fully back the megaproject. Spanning an extensive 71,000-square-meter footprint with a total investment volume of SAR 2.7 billion ($718.9 million USD), the massive lifestyle hub is on track to serve as the crown retail anchor at the western gateway of the iconic Masar Destination. It is located directly opposite the Haramain High-Speed Railway Station and just three kilometers from the Grand Mosque.
On-site construction has progressed rapidly following a major contract executed by Zamil Steel to fabricate and install the complex 15,000-metric-ton core steel superstructure. The company worked alongside Al Medwar Contracting for primary concrete works and Meinhardt as the lead design consultant. The design itself integrates modern amenities. Also, the design boasts a contemporary reinterpretation of Makkah’s vernacular architecture. It dedicates 19,000 square meters to a gourmet food and beverage zone alongside advanced smart-retail solutions and spaces tailored for spiritual activities.
Master developer Umm Al Qura for Development & Construction recently announced the successful conclusion of its 2021–2026 infrastructure roadmap. This saw the primary Masar Destination infrastructure enter its operational phase and achieve a prestigious LEED Gold green community certification. Additionally, this ensured the completed Masar Mall is fully positioned to capture an anticipated annual footfall of over 20 million pilgrims and visitors upon its formal public debut.
Such Mall projects will reinstate Saudi’s position as a leading shopping and tourist destination in the Middle East. Also, in a similar project the Al Khobar Downtown Mall and Boulevard is being planned for the Eastern Province. The mall has just recently awarded contracts to a developer with construction works expected to begin in 2026. The project will take 36 months to complete.
June 30, 2022
Masar Mall Project construction has moved to development partnership stage. The mega shopping destination is in Mecca, Kingdom of Saudi Arabia. Notably the deal was signed between Umm Alqura for Development and Hamat Holding.
Umm Alqura is a Saudi Arabian company that offers development, design and planning services.
Further more the firm is the owner and developer of MASAR destination, a cultural project in the western part of Makkah. Masar Mall is now an addition to their portfolio.
Hamat on the other hand is a leading company in the field of mall management in the kingdom.
Masar Mall Project location
The Masar Mall will boast a total area of 71,000 square meters. It will be located at the western entrance to the Masar Destination. This will be right opposite the Harammain train station.
The new shopping destination will offer more than 130,000 square meters of shopping space. Diverse activities will be available in the spaces provided.
Also Read: Al-Arous Integrated-Community Project in Jeddah, Saudi Arabia, Launched
Benefits of Masar Mall
The development aims to become a modern landmark. It will have various advantages as well as capabilities.
According to a spokesman from Umm Alqura, the mall would enhance the quality of life for the residents and guests of Makkah.
The spokesperson also notes that the project would be able to provide an integrated and diversified system.
This system, he explained, would attract investment in many basic sectors.
The spokesman concludes by acknowledging that such a system would, furthermore, make Makkah an attractive destination for long-term investment.
Project Factsheet
Project Name: Masar Mall
Location: Makkah, Kingdom of Saudi Arabia (Western Gateway of Masar Destination)
Master Developer: Umm Al Qura for Development and Construction Company
Project Developer: Hamat Holding
Total Investment: SAR 2.7 Billion ($718.9 Million)
Plot / Land Area: 71,000 m² (764,237 sq ft)
Target Completion: 2026
Project Team and Key Stakeholders
Financial Enablers: Jointly backed by a SAR 936 Million strategic tourism financing agreement signed in February 2026 between the Saudi Tourism Development Fund (TDF), Arab National Bank, and Hamat Holding.
Architect of Record: MABconsult (Responsible for localized structural design, traffic impact studies, and civil defense clearances).
Lead Design Consultant: Meinhardt
Superstructure Contractor: Zamil Steel Company (Awarded the major contract to fabricate, supply, and install the mall’s central 15,000-metric-ton core steel structure).
Concrete and Primary Infrastructure: Al Medwar Contracting
Leave a Reply