Saudi Arabia's Jabal Omar Development said it awarded a 3.4 bn riyal ($908 million) contract to Nesma & Partners Construction for the first phase of the project, located on 23 hectares neighboring the Grand Mosque. Nesma was given a 24-month contract to start on a section of the project overlooking Ibrahim al Khalil Street, according to a statement Jabal Omar issued to the Saudi Arabia bourse yesterday.
Plans for the development call for at least three luxury hotels, hundreds of shops and air conditioned prayer facilities for 100,000 worshippers, as well as housing for 87,000 people.
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