CULTURAL & ENTERTAINMENT DISTRICT - MAKKAH
The Cultural & Entertainment District is a major development with a total land size of 840,000 sqm, to comprise of residential and commercial retail development with a historical and cultural identity of Makkah
The project is conceptualized to allocate 40% (336,000 sqm) of Land as green zone and infrastructure development, whereas 60% (504,000 sqm) to be developed as a mix of residential (55%), commercial (20%) and tourism (25%) segments
The land designated for the Project is located near under construction new Jeddah-Makkah Expressway that cuts the distance from King Abdulaziz International Airport to Makkah to approx. 35mins
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- Expected investment size: SAR 1 B
- Investment model options: Build to Lease, Revenue Sharing with Minimum Annual Guarantee
- Location: Jeddah-Makkah Expressway, Makkah City
- Estimated Project IRR: 13.1%