Ratal strengthens its presence in Mecca with 357 million riyals in partnership with Roshan to develop Al-Manar community

2026-07-03T17:20:54.681Z

Ratal for Urban Development announced the signing of two conditional agreements with Roshan Group, a Public Investment Fund company, to purchase and develop residential land in the Al-Manar community in Mecca, to build 163 residential units with a total value of 357,830,000 riyals over a development period of 36 months. The project is an extension of the partnership between Ratal and Ros...

Ratal for Urban Development announced the signing of two conditional agreements with Roshan Group, a Public Investment Fund company, to purchase and develop residential land in the Al-Manar community in the city of Mecca. This strategic step aims to develop 163 residential units, with a total value of 357,830,000 riyals.

The signing of these agreements comes as part of Ratal for Urban Development's ongoing efforts to enhance its investment portfolio and expand its operations in quality residential projects, in line with its aspirations to provide integrated and sustainable residential environments. The development of the residential units is expected to take 36 months, and the project is considered an extension of the distinguished partnership and fruitful cooperation with Roshan, which was embodied in the 'Sidra' project with more than 2,100 units.

The Al-Manar community, developed by Roshan Group, is distinguished by its exceptional location within the western borders of the Grand Mosque in Mecca, being 15 minutes by car from the Holy Mosque. The community offers an innovative concept of modern living, blending comfort, safety, and sustainability, providing its residents with a thriving residential environment that enhances quality of life. The community spans an area of 21 million square meters, and includes more than 33,000 diverse residential units, along with more than 150 integrated facilities that meet the daily needs of residents. It is also characterized by its pedestrian-friendly design, which includes vast green spaces, gardens, and shaded paths for pedestrians and cyclists, in addition to its proximity to essential services such as mosques, healthcare facilities, and schools.

In this regard, Eng. Kamal bin Ahmed, CEO of Ratal for Urban Development, stated: 'Signing these agreements with Roshan Group is a pivotal strategic step in our company's journey towards enhancing its presence in the most prominent urban projects in the Kingdom,' affirming that 'developing 163 residential units in the Al-Manar community in Mecca is not just a real estate investment, but a real contribution to improving the quality of life in the holiest land on earth.' He added, 'At Ratal, we are committed to providing a residential product that combines high quality and sustainable design, befitting the status of this blessed city and meeting the aspirations of its residents and visitors.'

This partnership between 'Ratal' and 'Roshan' reflects the commitment of both parties to deliver pioneering real estate projects that contribute to meeting the growing demand for high-quality housing in the Kingdom of Saudi Arabia, and support urban development efforts in line with the goals of the Kingdom's Vision 2030 in housing and enhancing the quality of life of residents.