Makkah Construction and Development Company (MCDC) commenced its journey with the laying of the foundation for its inaugural project on 3/9/1409 AH by King Fahd bin Abdulaziz. MCDC, with its headquarters at Fakih Commercial Center in Makkah, Saudi Arabia, is led by CEO Seraj Hamzah Abdullah Ateeq. As of September 2021, the company boasted total assets valued at $1.4 billion and owned a 9.3% stake in the Tadawul-listed Jabal Omar Development Co. The stock price on TADAWUL is currently 4100 SAR, with revenue reaching $105 million.
MCDC specialises in the development of construction projects, particularly in the vicinity of the Holy Mosque of Makkah. Its core objectives include enhancing areas surrounding the Makkah Holy Mosque, ownership, development, operation, and investment in real estate nearby, and managing various engineering aspects such as surveying, demolishing, and construction for its projects. The company extends its services to both the commercial market and residential apartments, including the operation and management of Makkah Hilton Hotel and Makkah Hilton Towers, either independently or in collaboration with other companies.
The primary objective of MCDC is the reconstruction of areas adjacent to the Grand Mosque in Mecca, involving ownership, development, management, investment, purchase, and leasing of properties in the vicinity. The company is committed to carrying out all essential engineering works for construction, reconstruction, maintenance, demolition, and surveying in alignment with royal directives and orders.
MCDC has the authority to execute its objectives in multiple stages within all areas adjacent to the Grand Mosque in Mecca. It may also engage in any necessary or complementary work to achieve these purposes, whether independently or in partnership with other companies.
Under its umbrella, MCDC oversees Makkah Hotels and Towers, a centrally located establishment in the Holy City offering 1,437 modern rooms and suites. Additionally, the company manages the Trade Centre, one of the oldest and premier commercial centres in the central region of Mecca. It features three commercial floors with a diverse array of 399 stores and 85 corners catering to the needs of visitors, including pilgrims.
Based in Mecca, Saudi Arabia, Makkah Construction & Development Company is well-known in the building and real estate industries. The company was founded to help the holy city grow and flourish. Since then, it has actively participated in several projects supporting the region's cultural, religious, and economic goals.
The company's portfolio includes various projects, such as infrastructure, commercial, and residential developments. Makkah Construction & Development Company greatly influences Mecca's urban landscape, which focuses on building contemporary, sustainable buildings.
A noteworthy feature of the company's offerings is its commitment to offering superior lodging options for locals and pilgrims. Residential complexes that prioritise comfort, convenience, and attention to the particular requirements of the holy city's people have been built by Makkah Construction & Development Company.
The business has also been actively involved in commercial activities, which has improved Mecca's economic dynamism. The mission of Makkah Construction & Development Company is to promote business growth and job possibilities in the area by developing commercial spaces and mixed-use developments.
Much of the company's portfolio comprises infrastructure projects, emphasising improving Mecca's public amenities, transit, and connectivity. Through its involvement in constructing essential infrastructure, the corporation contributes significantly to raising the standard of living for locals and tourists.
Makkah Construction & Development Company is a major player in implementing Saudi Arabia's Vision 2030. It has consistently shown that it is dedicated to sustainable and innovative urban development. The organisation is committed to enhancing Mecca's standing as a worldwide centre of religion and culture, and it does so using its varied portfolio.
The Commercial Center of Makkah Company is a hub of commerce and convenience in the heart of Mecca, adjacent to the revered Holy Mosque (Al-Masjid al-Haram). With a legacy of prestige and service, it offers three bustling commercial floors, housing a total of 399 shops and 85 kiosks catering to the diverse needs of visitors, including pilgrims and Umrah performers.
Equipped with 40 escalators and 14 elevators, the center ensures seamless accessibility for all patrons. Its roster of esteemed tenants features renowned brands such as Ibrahim Al-Qurashi, Movenpick, Burger King, Rolex, and many others, reflecting a commitment to excellence and variety.
Moreover, the center boasts a spacious mosque spread across two floors, accommodating up to 20,000 worshippers, along with meticulously maintained restroom facilities. With its strategic location, comprehensive amenities, and esteemed partners, the Commercial Center epitomises convenience and quality for visitors to Mecca.
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