Thakher Development enters into partnership with Bank Albilad

By Shilpa Annie Joseph, Official Reporter
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Thakher Development partners with Bank Albilad
Officials during the signing ceremony.

Thakher Development Company, the master developer of the master plan and infrastructure of the Thakher Makkah project, has announced a new partnership with Bank Albilad to provide sales finance solutions for customers to invest in the “Radisson Hotel & Residences”.

The agreement offers Thakher’s customers a wide range of finance solutions, including financing for off-plan sales, in line with the company’s mandate to meet customers’ needs and expectations.

The agreement was signed by Eng. Abdulaziz bin Saleh Al-Aboudi, CEO of Thakher Development Company, and AlHassan Mohammed AlShreef, Manager of Real Estate Product & Development at Bank Albilad.

Eng. Al-Aboudi, commented that, “We are proud of our collaboration with Bank Albilad, one of the leading banks in the Kingdom. This agreement comes in line with Thakher’s efforts to collaborate with financing firms to provide the best solutions and products to our customers and achieve optimal results in alignment with the objectives of Vision 2030.”

Thakher Makkah project contributes to the Kingdom of Saudi Arabia’s ambitious vision, which aims to host 30 million Umrah performers and six million pilgrims by 2030. The project is spanning over an area of 320,000 sqm.

Upon completion, it will include about 100 land plots of various uses for hotels, residential, commercial, and service-related areas. Residential and hotel apartment units will be available in various categories, and the units will be also available for ownership. Among the international hotels in the Thakher Makkah, there are the Radisson Hotel, the Park Inn by Radisson, and the Novotel Hotel, the largest in the world in terms of room number, as per the statement.

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