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.