Makkah Constr. & Development Co. - MCDC

Activities

Makkah Construction and Development Co. was established in accordance with the Companies Law, as per Royal Decree No. M/50 dated 13-11-1408 AH. King Fahd bin Abdulaziz, may God have mercy on him, laid the foundation stone for the company's first project on 3/9/1409 AH. The founding assembly took place on 11/5/1409 AH, and the company's establishment was announced through the Resolution of His Excellency the Minister of Commerce No. 859 dated 11/21/1409 AH. The company's commercial registration bears the number 40301020101, issued on 12/1/1409 AH. It has authorized shares totaling 164,816,240 shares, with an authorized, subscribed, and fully paid capital of SR 1,648,162,400. The company's first commercial residential complex in Mecca, overlooking the Grand Mosque, covers a land area of 13,869 square meters, with a total built-up area of 228,000 square meters. MCDC is involved in the construction, development, and urbanization of real estate properties around the Holy Mosque (Masjid al-Haram) in Mecca, Saudi Arabia. The company also owns, manages, invests in, rents, and purchases properties adjacent to the Holy Mosque. MCDC's activities include owning, developing, and urbanizing real estate near the Holy Mosque and other regions within Saudi Arabia; implementing urban and economic plans for its owned areas, carrying out construction, development, maintenance, demolition, and surveying work; managing residential buildings, complexes, hotels, commercial markets (malls), hospitals, and medical centers; collaborating with entities and companies in similar businesses; as well as establishing a private civil security company. MCDC has been reconstructing the area surrounding Masjid al-Haram in Makkah. Notable projects include the development of the Commercial Center, equipped with 40 escalators, 14 elevators, and a mosque accommodating up to 20,000 worshipers.