Umm_Al_Qura_for_Development_&_Construction expands in Saudi_Arabia

JA Development & Construction>>>, the owner and developer of Masar Destination, has announced a new five-year strategy for 2026-2030. This strategy marks a significant transformation, shifting the company's business model from developing a single flagship destination to becoming a multi-destination urban development platform across the western region of Saudi Arabia>>>, including Saudi Arabia — Mecca>>>, Saudi Arabia — Jeddah>>>, and Saudi Arabia — Medina>>>. In line with this, the company received two letters of award for the development of the Hindawiya West and Hindawiya South sites, adjacent to Masar Destination. These projects, with a combined area of 1.2 million square meters, will be known as 'Masar Gardens' and are awarded to a consortium including JA Development & Construction>>>, JA Development & Construction>>>, and Al Rajhi United Real Estate Company>>>. The new strategy follows the successful achievement of the company's 2021-26 objectives, which included completing Masar Destination's main infrastructure, establishing a mature investment platform, and listing on the Saudi Exchange>>>. JA Development & Construction>>> reported a compound annual growth rate exceeding 60% in revenues and over 45% in net profit during the previous strategy period, attracting SAR 40 billion in development investments. The new strategy aims to manage an additional development portfolio exceeding SAR 50 billion and deploy SAR 3-5 billion in incremental capital investments, reinforcing its commitment to Saudi Vision 2030.