Latest news with #RuaAlMadinahHolding
Trade Arabia
29-05-2025
- Business
- Trade Arabia
Rua Al Madinah signs design contract for prime Saudi mixed-use project
Rua Al Madinah Holding, a unit of Saudi soverign wealth fund PIF, has signed a master plan design contract with DLR Group Middle East, a leading urban planning and architectural design consultant, for its premium project Dar Al Hijra. The masterplan aims to transform the project land, covering nearly 1 million sq m into a mixed-use urban development. It will feature thousands of residential units, along with leasable commercial spaces, educational institutions, and healthcare facilities. The plan supports Madinah's future needs by enhancing infrastructure, improving quality of life, and offering a modern urban model that reflects Madinah's status as a global urban hub, said a statement from the Saudi PIF company. The signing ceremony for the Dar Al Hijra masterplan design contract was held under the patronage of Prince Salman bin Sultan bin Abdulaziz, Governor of Madinah. The event was attended by Rua Al Madinah Holding Chairman Naif bin Saleh Al Hamdan and CEO Engineer Ahmed Al Juhani. Speaking on the occasion, Al Hamdan said: "Rua Al Madinah Holding is steadily progressing toward its vision of developing integrated real estate projects with sustainable economic and social impact, aligned with the ambitions of Saudi Vision 2030, and contributing to an enhanced quality of life for both residents and visitors of Madinah. "This step is part of the ongoing backing from the kingdom's wise leadership for urban transformation and sustainable development projects in Madinah," he stated. Eng Al Juhani said the signing of the masterplan design contract represents a key milestone in the development of Dar Al Hijra project. "It complements the ongoing construction and development works, including the company's headquarters, as well as hotel and office buildings spanning 168,000 sq m with overall progress now exceeding 50%," he added.
Argaam
26-05-2025
- Business
- Argaam
Rua Al Madinah pens master plan design contract for Dar Al Hijrah project
Rua Al Madinah Holding, a subsidiary of the Public Investment Fund (PIF), signed today, May 26, a master plan design contract for the Dar Al Hijrah project with DLR Group Middle East, a company specialized in urban and architectural design. The master plan aims to develop the Dar Al Hijrah project land, spanning approximately one million square meters (sqm), into a mixed-use urban project that will feature thousands of residential units, the state-run SPA reported. The project will also feature commercial facilities with leasable spaces, as well as educational, healthcare, and other amenities. The move complements the ongoing construction and development of the company's headquarters, in addition to hotel and office buildings over nearly 168,000 sqm, with a completion rate of 50%.
Zawya
18-02-2025
- Business
- Zawya
Saudi PIF unit awards contracts for key Madinah hospitality project
Rua Al Madinah Holding, a unit of Saudi sovereign wealth fund PIF, has signed two contracts as part of its efforts to accelerate the development of its key project - Rua Al Madinah Project. One of the Madinah's largest hospitality projects, Rua Al Madinah aims to facilitate the hosting of 30 million visitors by 2030, in alignment with the goals of the Pilgrims Experience Program. The contracts were sealed on the sidelines of the third edition of the PIF Private Sector Forum 2025, organized by the Public Investment Fund in Riyadh. It aligns with the company's strategy to support local content and reinforce its commitment to innovation, in line with PIF's strategic objectives and Saudi Vision 2030 to empower the private sector. Speaking on the occasion, CEO Engineer Ahmed W. Al Juhani, expressed delight at the company's participation in the PIF Private Sector Forum 2025, which aligns with the Saudi wealth fund's strategy to empower the private sector. CEO Engineer Ahmed W. Al Juhani said the strategic deals inked at the forum will help accelerate the work on Rua Al Madinah Project. It will also enhance the future of the hospitality field in the Saudi city and enrich the visitor's experience by elevating the services provided, he added.- TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Trade Arabia
17-02-2025
- Business
- Trade Arabia
Saudi PIF unit awards contracts for key Madinah hospitality project
Rua Al Madinah Holding, a unit of Saudi sovereign wealth fund PIF, has signed two contracts as part of its efforts to accelerate the development of its key project - Rua Al Madinah Project. One of the Madinah's largest hospitality projects, Rua Al Madinah aims to facilitate the hosting of 30 million visitors by 2030, in alignment with the goals of the Pilgrims Experience Program. The contracts were sealed on the sidelines of the third edition of the PIF Private Sector Forum 2025, organized by the Public Investment Fund in Riyadh. It aligns with the company's strategy to support local content and reinforce its commitment to innovation, in line with PIF's strategic objectives and Saudi Vision 2030 to empower the private sector. Speaking on the occasion, CEO Engineer Ahmed W. Al Juhani, expressed delight at the company's participation in the PIF Private Sector Forum 2025, which aligns with the Saudi wealth fund's strategy to empower the private sector. CEO Engineer Ahmed W. Al Juhani said the strategic deals inked at the forum will help accelerate the work on Rua Al Madinah Project. It will also enhance the future of the hospitality field in the Saudi city and enrich the visitor's experience by elevating the services provided, he added.- TradeArabia News Service
