Mohammed bin Salman bin Abdulaziz, chairman of the Council of Economic and Development Affairs and chairman of the Public Investment Fund (PIF), inaugurates the infrastructure works and unveils the master plan for the Rua Al Madinah project in the area east of the Prophet’s Mosque, Invest-Gate reports.
The project is developed and implemented by Rua Al Madinah Holding Company, which is PIF’s company that specializes in the development, operation, and real estate investment in Madinah.
Mohammed bin Salman says that the Rua Al Madinah project will raise the capacity to facilitate hosting 30 mn Umrah pilgrims by 2030. Also, the project will be implemented to the highest international standards.
After rehabilitating 1.5 mn sqm, the project is set to add over 47,000 hotel rooms by 2030. The project spans over 83,000 sqm and it will feature green areas and open spaces comprising 63% of the project’s total land area.
Furthermore, the project will offer many integrated transportation solutions, including nine bus stops for visitors, a metro station, tracks for self-driving vehicles, and underground parking. These services will facilitate visitor access to the Prophet’s Mosque, will support both residential and commercial activity, and will provide many job opportunities.
Rua Al Madinah aims to elevate the city’s status as a modern Islamic and cultural destination for pilgrims. It features modern urban planning and large-scale development projects that will contribute to increasing the quality of life.
The project also seeks to enrich the quality of services provided and boost the hotel inventory of the area on the east side of the Prophet’s Mosque, including in the luxury segment.
It is worth noting that Rua Al Madinah Holding Company aims to contribute to achieving the goals of the Hajj, Umrah, and travel sectors outlined in Vision 2030 by enriching the experience of visitors to the city.