RIYADH: Masar Makkah, a $27 billion mega project under development in Islam’s holy city, is advancing work with a new deal for its electricity needs.
The developer of the Umm Al-Qura Co. project for development and construction, known as UAQ, has signed an agreement with the National Electricity Transmission Co. to establish two central transmission stations and connect them to the system grid electric.
This agreement is part of efforts by the Saudi Electricity Company and its subsidiaries to provide highly reliable electricity service to all giant projects in the Kingdom, said Ibrahim Al-Jarbou, CEO of Electricity Transmission Co.
Masar Makkah is 30% away from completing its infrastructure phase, Yasser Abu Ateeq, CEO of Umm Al-Qura, told Asharq News in Novebmer, adding that it has spent SR17 billion of the total of SR 23 billion allocated for the first phase, with the partial opening of the project expected in 2023.
The importance of Masar lies in its position as it will receive 80% of visitors from Makkah as well as more than 60% of vehicles arriving from Jeddah. International hotels such as the Kempinski, Hilton Garden Inn and Taj will be among the project’s early developments.
UAQ is a closed joint-stock company with private sector investors and public investment funds, including the Public Investment Fund, the Ministry of Finance, the Public Pensions Agency, the General Organization of Social Insurance and the General Authority of Awqaf.
#NationalGridSA,a #SECOND subsidiary, signs an agreement with the Umm Al-Qura company for development and reconstruction to supply electricity to the Destination de la route project @MasarMakkah in #Mecca includes the two stations and their connection to the electrical network
— (@ALKAHRABA) January 20, 2022