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30/04/2026 05:49 AST
Saudi-based Umm Al Qura For Development and Construction has announced that it has signed an agreement with global hospitality major Kempinski Group to operate its first branded residences in Makkah.
Its debut residential project, Kempinski Residences, located in the Masar Haram area within Umm Al Qura's prime destination Masar features 302 residential units of varying sizes and integrated amenities.
A landmark urban project in the heart of Makkah, Masar Development is owned, developed and operated by Umm Al Qura. On completion, it will boast a mix of hospitality, commercial, retail and residential offerings alongside cultural centres. Extending over 1.2 million sq m, it will create an integrated gateway leading directly to the Grand Mosque.
Masar was recently awarded the Leadership in Energy and Environmental Design (LEED) Gold certification, one of the highest international certifications in sustainability and built environment.
One of the most prominent global certifications for evaluating green buildings and communities, LEED is awarded by the US Green Building Council (USGBC) to facilities that apply strict standards in areas such as energy and water efficiency, improved indoor air quality, resource management, and reduced carbon emissions, thereby enhancing environmental performance and achieving added value to the community.
The certification aligns with Saudi Arabia's Vision 2030, supporting national objectives to create more sustainable, prosperous, and livable urban environments, it added.
Trade Arabia
09/03/2026
Saudi-based Umm Al Qura for Development and Construction Company has announced the extension of two reservation agreements with Mousa Abdulaziz Al Mousa & Sons Real Estate Holding Group for the sale
Trade Arabia
03/02/2026
Saudi-based Umm Al Qura for Development & Construction Company has announced the launch of a unified digital platform for property ownership within its premium Masar Destination in Makkah through app
Trade Arabia
25/03/2025
Saudi-based Umm Al Qura for Development and Construction has announced that its shares surged by 30% on the group's debut on the Saudi Exchange's Main Market which hit SAR19.5 ($5.2) per share follow
Trade Arabia
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| DARALARKAN | 17.81 | -0.09 (-0.51 |
| JABALOMAR | 15.82 | 0.11 (0.70 |
| MCDC | 82.00 | -0.60 (-0.73 |
| TAIBA | 38.84 | -0.46 (-1.18 |
| CENOMICENTERS | 17.73 | 0.03 (0.16 |
30/04/2026
Gulf Bank has received two prestigious awards from International Business Magazine for 2026: Best Corporate Banking Mobile Application in the Middle East and Excellence in Customer Experience in Bank
Kuwait Times
30/04/2026
Tecom Group, the creator of specialised business districts and vibrant communities, has delivered solid results for the first quarter of 2026, recording a net profit of AED755 million ($201 million),
Trade Arabia
30/04/2026
Dubai Electricity and Water Authority (Dewa) has announced that it has set a new world record for the lowest electricity customer minutes lost (CML), at just 0.82 minutes (about 49 seconds) per year.
Trade Arabia
30/04/2026
Emirates Stallions Group, a subsidiary of IHC and a leading UAE conglomerate operating across construction and real estate sectors, has delivered double-digit growth across key financial indicators w
Trade Arabia
30/04/2026
Fertiglobe, the world's largest seaborne exporter of urea and net ammonia combined and the largest nitrogen fertilizer producer in the MENA region, reported strong revenues of $915 million for Q1 202
Trade Arabia