Makkah’s Masar Destination to provide 24,000 hotel rooms, says CEO

Yasser Abuatek, CEO of Umm Al Qura For Development and Construction (AN)
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Updated 31 October 2022
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Makkah’s Masar Destination to provide 24,000 hotel rooms, says CEO

RIYADH: A development in the heart of Makkah is set to have 24,000 hotel rooms, its CEO has confirmed.

In an interview with Arab News on the sidelines of the Future Investment Initiative forum in Riyadh, Yasser Abuatek — head of Umm Al Qura For Development and Construction — said ‘Masar Destination’ is already more than 90 percent complete in terms of infrastructure. 

He was speaking a day after Masar closed a $2 billion deal during the sixth edition of the FII forum to build seven towers,  including 1,400 hotel rooms.

“By the time we finish, we will have 24,000 hotel rooms and 13,000 residential units,” he said.

The investment in the destination is SR100 billion ($26,6 billion), and is set to host 158,000 visitors annually.

Pointing to transportation at the destination, Abuatek said there are various options such as the bus, walking, and tunnels for the metro station.

“To complete all these, we're looking for what is the best possible way for someone who wants to move from a certain point to the holy mosque. Walking is the number one choice but not everybody can walk. We’re still studying the experience, and we're going to design the suitable solution for all people,” he said.

In terms of tourism and services, Abuatek explained that the development will include an Islamic Art Museum.

“That will bring all the art Islamic art, we will share it with all the visitors, bringing culture and more things to see in Makkah — to learn about history,” he said.

Abuatek highlighted that Masar Destination has prime sustainability targets and Umm Al Qura for Development and Construction is working with a developmental vision to elevate the urban and investment landscape of Makkah through establishing new avenues to help improve the quality of life for residents, pilgrims and visitors.


DP World announces new leadership appointments

Updated 13 February 2026
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DP World announces new leadership appointments

DUBAI: DP World announced the appointment of Essa Kazim as Chairman of its Board of Directors and the appointment of Yuvraj Narayan as Group Chief Executive Officer.

Essa Kazim currently serves as Governor of the Dubai International Financial Centre and Chairman of Borse Dubai. He brings extensive experience in financial and economic affairs, having previously held senior leadership positions in several national institutions.

Yuvraj Narayan has extensive professional experience in financial management, corporate finance, supply chains, and global trade. Since joining DP World in 2004, he has led a number of strategic and transformational initiatives that supported the company’s expansion across international markets and strengthened its role as an integrated global provider of end-to-end supply chain solutions.

Narayan has served as Group Chief Financial Officer since 2005, contributing to the company’s financial resilience and operational efficiency.

DP World affirmed that the new appointments support its strategy for sustainable growth and reinforce its role in strengthening global supply chains and supporting Dubai’s position as a leading hub for trade and logistics.