Makkah Development Egypt is a real estate development company with a strong reputation in the Egyptian market for many years. The company is known for its extensive experience developing real estate projects in Egypt. Makkah Development is considered one of the most reliable companies in the country’s real estate sector, with a strong dedication to quality and customer satisfaction.
As part of Egypt’s Vision 2030, Makkah Development Egypt is committed to sustainable development, focusing on creating environmentally friendly and energy-efficient buildings. The company’s projects aim to meet modern living needs while minimizing their environmental impact. Makkah Development Egypt is also committed to social responsibility and community development, focusing on improving the quality of life in its operations.
With its strong reputation, commitment to quality, and focus on sustainable development, Makkah Development Egypt is poised to continue its success in the Egyptian real estate market. As the company continues to grow and expand, it will play a vital role helping to shape the future of Egypt’s real estate sector while also contributing to the country’s overall economic development.
Makkah Development Overview
Vision and Mission
Makkah Development is a real estate development company with a vision to develop world-class living spaces and commercial properties that meet the modern world’s needs while respecting the region’s traditional values. The corporate’s mission is to provide innovative and sustainable solutions that enhance the quality of life for its customers.
Strategic Location
The company’s flagship project is located in Makkah, Saudi Arabia, one of the world’s most important religious and cultural centers. The project is strategically located just 1km from the Grand Mosque, the holiest Islamic site, and attracts millions of visitors annually.
The Thakher Makkah project is a $7 billion development covering an area of 320,000m2 and is expected to become the preferred destination for visitors to Makkah. The project includes hotels, residential buildings, parks, malls, and a mosque that can accommodate 5,000 prayers. It also provides up to 10,000 car parking lots.
The project aligns with Saudi Vision 2030, which aims to diversify the economy and encourages sustainable development. The development will probably create 15,000 direct and 18,000 indirect job opportunities, which will contribute to the region’s economic growth.
Makkah Development’s strategic location in Makkah, combined with its innovative and sustainable solutions, makes it an excellent investment chance for those seeking to invest in the region. With a devotion to quality and customer satisfaction, Makkah Development is poised to become a real estate development industry leader.
Investment Opportunities
Makkah Developments Real Estate offers a variety of investment opportunities to investors interested in the real estate sector. The company is committed to providing profitable and diverse investment opportunities that meet local market needs. Here are some of the investment opportunities that Makkah Developments Real Estate offers:
Real Estate Development
Makkah Developments Real Estate is actively involved in real estate development. The company’s portfolio includes residential, commercial, and mixed-use developments. Its projects are designed to meet the local market’s needs and aim for the highest standards of quality.
Commercial Investments
Makkah Developments Real Estate offers commercial investment opportunities to investors looking to invest in the commercial real estate sector. The company’s commercial projects include office buildings, retail centers, and industrial parks. These projects are designed to meet businesses’ needs and aim for the highest quality measures.
Hospitality Projects
Makkah Developments Real Estate offers hospitality investment opportunities to investors looking to invest in the hospitality sector. The company’s hospitality projects include hotels, resorts, and serviced apartments. These projects aim to meet the requirements of tourists and aim for the highest standards of quality.
Investors looking to join Makkah Developments Real Estate in their investment opportunities can rest assured that they are investing in a company committed to attractive and sustainable real estate development. The company’s investment opportunities are designed to provide investors with a profitable and diverse portfolio.
Major Projects
Thakher Makkah
One of the largest and most significant projects in the Makkah Development Egypt portfolio is the Thakher Makkah development. The $7 billion project is just 1km from Masjid al-Haram (the Grand Mosque) in Makkah Al-Mukarramah. Once complete, the development aims to become the preferred destination for visitors to Makkah. The project spans an area of 320,000m2 and features a combination of residential, commercial, and hospitality offerings.
Luxury Residential Tower
Makkah Development Egypt is also developing a luxury residential tower in Makkah. The tower will offer high-end living spaces with stunning views of the city and be equipped with state-of-the-art amenities and facilities, including a fitness center, swimming pool, and 24-hour security.
Hotel Developments
Makkah Development Egypt is partnering with major hotel brands to develop several hotel projects in the city. The company has signed agreements with Radisson, Park Inn Radisson, and Novotel to establish hotels in Makkah. These hotels will offer visitors a range of accommodation options, from budget-friendly to luxury.
Overall, Makkah Development Egypt is committed to developing high-quality projects that meet the requirements of the local community and visitors to the city. With a focus on sustainability, design, and construction, the company is poised to make a significant impact on Makkah’s development.
Infrastructure and Urban Development
Transport and Accessibility
Makkah Development Egypt has made significant investments in infrastructure development to improve transport and accessibility in the region. The company has prioritized the development of transportation networks, including roads, highways, and public transportation systems, to make travel in and around Makkah more efficient and suitable for locals and visitors alike.
One of the critical projects that Makkah Development Egypt has been involved in is the expansion of King Abdulaziz International Airport. The company has worked closely with government authorities to develop the airport’s infrastructure, including runways, terminals, and other facilities, to accommodate the growing number of passengers traveling to Makkah each year.
In addition to airport expansion, Makkah Development Egypt has also invested in developing new road networks and public transportation systems to improve connectivity within the city. This involves the construction of new highways and bridges and the expansion of existing public transportation systems, such as the Makkah Metro.
Urban Planning
Makkah Development Egypt is committed to sustainable urban planning and development that prioritizes the community’s and the environment’s needs. The company has worked closely with local authorities to create master plans for the region that consider population growth, environmental sustainability, and economic development.
One of the critical projects that Makkah Development Egypt has been involved in is the Masar Urban Development Project. This project aims to redefine the quality of life in Makkah by improving accessibility, connectivity, and livability in the city. The project comprises over 1.2 million square meters of new development articulated by a central pedestrian boulevard leading to Al-Haram Mosque.
The Masar Urban Development Project includes the construction of new residential, commercial, and hospitality facilities and the development of new parks, open spaces, and pedestrian walkways. The project intends to enhance the quality of life for residents and visitors while enhancing the pilgrims’ Hajj and Umrah journeys.
Tourism and Pilgrimage
Enhancing Visitor Experience
Makkah Development Egypt is committed to enhancing the visitor experience for tourists and pilgrims alike. The company recognizes the importance of providing a safe and comfortable environment for visitors to the holy sites and has implemented various measures to meet their needs.
One of the most significant steps Makkah Development Egypt took was the construction of new hotels and accommodation facilities near Masjid al-Haram. These hotels feature modern amenities designed to cater to visitors’ needs worldwide.
In addition, the company has also invested in the development of transportation infrastructure, including the expansion of the metro system and the construction of new roads and highways. These measures have made it easier for visitors to travel to and from the holy sites and have helped to reduce congestion and improve traffic flow.
Religious Significance
For millions of Muslims worldwide, the pilgrimage to Makkah is a profoundly spiritual and religious experience. Makkah Development Egypt recognizes the importance of this pilgrimage and aims for ensuring that pilgrims can perform their religious duties in a safe and comfortable environment.
During the Hajj season, the company works closely with the Saudi Arabian authorities to manage the flow of pilgrims and ensure that they can perform their rituals safely and orderly. This includes providing accommodation, transportation, and medical facilities, as well as managing crowd control and security.
In addition, Makkah Development Egypt recognizes the significance of the Umrah pilgrimage, which takes place throughout the year. The company has implemented various measures to ensure that visitors can perform their Umrah in a safe and comfortable environment, including the provision of accommodation, transportation, and medical facilities.
Overall, Makkah Development Egypt aims for enhancing the visitor experience for tourists and pilgrims alike while recognizing the importance of the religious significance of the pilgrimage to Makkah. Through its ongoing efforts, the company is helping to ensure visitors can perform their religious duties in a safe and comfortable environment while also experiencing this critical region’s rich history and culture.
Sustainable and Community Living
Sustainable Practices
Makkah Development Egypt has implemented sustainable practices in its development plans to ensure a more environmentally friendly and sustainable community. The development focuses on reducing the carbon footprint by using renewable energy sources and implementing energy-efficient measures in all buildings. The development also features a waste management system that guarantess proper disposal and recycling of waste materials.
Makkah Development Egypt’s sustainable practices also extend to the community’s landscaping and green areas. The development features a variety of plants and trees native to the region, which require less water and are better adapted to the local climate. The green areas also serve as natural cooling systems, reducing the need for air conditioning and other cooling systems.
Community Amenities
Makkah Development Egypt has designed the community to provide a high-quality living experience for its residents. The development features a shopping area that includes a variety of retail stores and restaurants, providing residents with access to all their daily needs. The community also features a mosque, a central gathering place for residents to come together and worship.
In addition to the shopping area and mosque, the development also offers freehold ownership, allowing residents to own their properties and control their living spaces. This gives residents a sense of security and stability, knowing they have a stake in their community.
Overall, Makkah Development Egypt has implemented sustainable practices and community amenities that provide a high-quality living experience for its residents. The development focuses on reducing the carbon footprint, providing access to daily needs, and creating a sense of community for its residents.
Partnerships and Collaborations
Local and International Partners
Makkah Development Egypt has established partnerships and collaborations with various local and international entities to ensure the success of its projects. One of its key partners is Thakher Development Company, a Saudi Arabian company specializing in real estate development and investment.
Thakher Development Company has invested SAR 2.5 billion in the Masar project, a collaboration between Umm Al-Qura for Development and Construction Co. and the General Authority of Awqaf (GAA). The Masar project aims to transform Makkah’s hospitality landscape and redefine the city’s hospitality sector.
Makkah Development Egypt has partnered with various Egyptian entities, including the Ministry of Tourism and Antiquities and Housing, Utilities, and Urban Communities. These partnerships aim to promote tourism and cultural heritage in Egypt, develop new urban communities, and improve existing ones.
In addition, Makkah Development Egypt has established collaborations with international entities, like the European Union and the United Nations. These collaborations aim to support Egypt’s 2030 development Agenda and to promote sustainable economic growth and development.
Through its partnerships and collaborations, Makkah Development Egypt employs the expertise and resources of various entities to achieve its goals. By working together with its partners, Makkah Development Egypt creates innovative and sustainable solutions that benefit both the local and international communities.
Regulatory Environment and Ownership
Investment Regulations
Makkah Development Egypt is subject to various investment regulations. The Egyptian government has implemented several initiatives to encourage foreign investment, including establishing free zones, tax incentives, and investment guarantees. The Investment Law No. 72 of 2017 gives a framework for investment in Egypt, including establishing a one-stop-shop for investors to facilitate the investment process.
Investors in Makkah Development Egypt should know Egypt’s construction industry regulations. The Ministry of Housing, Utilities, and Urban Communities regulates the construction industry in Egypt. The ministry is responsible for issuing building permits, regulating construction standards, and overseeing the construction process. Additionally, investors should be aware of the regulations governing the residential sector in Egypt. The Real Estate Development Law No. 59 of 1979 regulates the development and sale of real estate in Egypt. The law requires developers to obtain a license from the Ministry of Housing, Utilities, and Urban Communities before commencing any development project.
Ownership Laws
Foreign investors in Makkah Development Egypt should know the country’s ownership laws. The Egyptian Constitution guarantees the right to private property, and foreign investors can own property in Egypt. However, there are restrictions on foreign ownership of land in Egypt. The law prohibits foreigners from owning agricultural land and restricts foreign land ownership in certain areas, including development zones, Makkah, and Medina.
Egypt’s ownership laws also govern freehold property ownership. The Real Estate Registration Law No. 15 of 1963 regulates property registration in Egypt. The law provides for two types of ownership: leasehold and freehold. Leasehold ownership is Egypt’s most common form of ownership, but freehold ownership is also available. Freehold ownership allows the owner to own the property outright, with no time limit on ownership.
In conclusion, Makkah Development Egypt is subject to various investment and ownership regulations. Investors should be aware of the rules governing the construction and residential sectors and the ownership laws in Egypt. By understanding Egypt’s regulatory environment and ownership laws, investors can take well-informed decisions about investing in Makkah Development Egypt.
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Frequently Asked Questions
What are the main projects undertaken by Makkah Development in Egypt?
Makkah Development is a real estate development company that is undertaking several projects in Egypt. The company has been developing residential and commercial properties in various locations across Egypt. Some of the main projects of Makkah Development include the construction of residential compounds, shopping malls, and hotels.
How can one apply for employment with Makkah Development in Egypt?
If you want to work for Makkah Development in Egypt, you can search the company’s website for available job opportunities. The website lists current job openings, and you can apply for any position that matches your skills and qualifications. Conversely, you can send your resume and cover letter to the company’s HR department.
Where is the headquarters of Makkah Development located in Egypt?
Makkah Development’s headquarters are in Cairo, Egypt, but the company has several offices and branches in other cities.
What career opportunities are available at Makkah Development in Egypt?
Makkah Development offers career opportunities in various fields, including engineering, architecture, finance, marketing, and sales. The company provides employees with a dynamic and challenging work environment, competitive salaries, and benefits packages.
What is the scope of Makkah Development’s investment in the Egyptian real estate sector?
Makkah Development has made significant investments in the Egyptian real estate sector. The company has been developing several large-scale projects, including residential compounds, shopping malls, and hotels. Makkah Development’s investments have contributed to the Egyptian real estate sector’s growth and have helped create jobs and economic opportunities for Egyptians.
How does Makkah Development contribute to Egypt’s urban development?
Makkah Development is committed to contributing to Egypt’s urban development by developing high-quality real estate projects that meet the needs of the Egyptian industry. The company’s projects aim to provide modern and comfortable living spaces and commercial and entertainment facilities that enhance the quality of life for Egyptians. Makkah Development’s investments in the Egyptian real estate sector have helped to improve the urban infrastructure and have contributed to the overall development of Egypt’s cities.
