Yasser Abuateek appointed CEO of Umm Al-Qura

Umm Al-Qura for Development and Construction has announced the appointment of Yasser Abuateek as the company CEO. Abuateek holds more than 20 years of expertise in the financial and real estate sectors and is the founder of a major real estate company in the Kingdom. In addition, he has longstanding experience in corporate and retail banking.
Abuateek will play a pivotal role in leading the company, which has started to develop King Abdul Aziz Road Project, one of the largest real estate development projects in Makkah. Spanning 1.25 million square meters, the project is expected to transform the fields of transport and development and effectively contribute to facilitating the transport of pilgrims and visitors. King Abdul Aziz Road Project will include housing units, hotels, centers, retail shops, government service centers and metro stations.
The project is designed to appeal to different lifestyles in Makkah by providing easier and more varied options for transport, shopping and residences.
Umm Al-Qura for Development and Construction was established through a public-private partnership aiming to increase the number of pilgrims and visitors, in line with the Kingdom’s Vision 2030.