Commercial & Residential Tower at Jabal Omar in Makkah

Sumou Real Estate and Areeb Capital sign a 1.5B SAR contract to develop, design, and build a commercial and residential tower at Jabal Omar in Makkah.

Sumou Real Estate signed a development, design, and construction contract with Areeb Capital for a mixed-use commercial and residential tower serving the Areeb Sumou Makkah Real Estate Fund at Jabal Omar, Makkah. Executed on 29 January 2026, the agreement covers full project management for the central district site adjacent to the Grand Mosque spanning over 3,000 square meters with an investment value near 1.5 billion SAR. The fund provides an authorized framework enabling international and regional investors to participate.