MAKKAH, SAUDI ARABIA – Media OutReach Newswire – 4 June 2026 – Umm Al Qura for Development & Construction Company, the owner, developer, and operator of Masar Destination, has announced the receipt of two letters of award for the development of the Hindawiya West and Hindawiya South sites – adjacent to Masar Destination, the two projects have been awarded to a consortium comprising Umm Al Qura for Development and Construction Company, Makkah Construction and Development Company, and Rajhi United Real Estate Company, with a combined total area of 1.2 million square meters under the name “Masar Gardens.” This comes in line with the Company’s announcement of the launch of its new five-year strategy for 2026–2030. This step marks a strategic transformation in the company’s business model, reflecting its transition from developing a single flagship destination to becoming a multi-destination urban development platform in the western region of Saudi Arabia.

The strategy also strengthens the company’s ability to manage a diversified portfolio of urban and investment destinations with long-term economic and urban impact across Makkah, Jeddah, and Madinah.

The unveiling of the new strategy comes in the wake of the company successfully achieving the objectives of its 2021-26 strategy, which served as a roadmap for its institutional transformation over the past five years. This journey led to the completion of Masar Destination’s main infrastructure and its transition into the operational phase, alongside the development of a mature investment and financial platform and the enhancement of its institutional and operational capabilities.

These achievements were further reinforced by its listing on the Saudi Exchange (Tadawul), strengthening investor confidence and positioning the company for a new phase of large-scale expansion built on its core strengths and focused on creating sustainable, long-term value for communities, people, and investors.

During the period from 2021 to 2026, the company successfully established an integrated and scalable business model driven by its accumulated expertise and strong financial performance. This included a compound annual growth rate exceeding 60% in revenues and more than 45% in net profit, alongside operating cash flows surpassing SAR 2 billion in the most recent fiscal year. The company also attracted approximately SAR 40 billion in development investments for the destination, forged more than 30 strategic partnerships, and developed a comprehensive governance framework. In parallel, it built advanced operational and development capabilities that support sustainable growth and enhance the company’s readiness for its next phase.

The new strategy is anchored in a planned and selective expansion approach that does not seek to increase the number of projects as much as it focuses on delivering sustainable value for place, community, and investors. This will be achieved through the development of high-quality urban destinations in Makkah, Madinah, and Jeddah, within a carefully targeted geographic focus that enhances operational integration and maximizes the efficient deployment of resources and expertise.

In this phase, the company is adopting a clearly defined approach to capital allocation, balancing growth with the maximization of returns while maintaining the flexibility of its financial position. It aims to manage an additional development portfolio exceeding SAR 50 billion, alongside deploying incremental capital investments ranging between SAR 3-5 billion over the course of the strategy, further reinforcing its ability to deliver sustainable long-term growth.

In parallel, the company will adopt a flexible operating model that enables it to lead projects as a master developer or to participate as a partner and development manager, in line with defined investment criteria that ensure carefully considered decision-making aligned with its strategic direction.

The company also confirms that Masar Destination will remain a central cornerstone within its future portfolio, with ongoing development of its extensions and expansions in accordance with approved plans. As its flagship project, Masar continues to serve as the primary foundation for the company’s activities and the model through which it will launch new urban destinations that contribute to enhanced quality of life and support economic growth across its target cities.

Commenting on this, Yasser Abdulaziz Abuateek, CEO of Umm Al Qura for Development & Construction, stated: “The launch of our new strategy represents a pivotal turning point in the company’s journey, as we move from a phase of capability building to one of considered expansion. The achievements of the past years have provided us with the confidence, expertise, and readiness to advance toward managing a fully integrated portfolio of urban destinations. Through this, we aim to create sustainable value for place, community, and investors within a robust governance framework that supports continued growth and contributes to generating long-term impact across the western region.”

This strategy reaffirms Umm Al Qura for Development and Construction’s commitment to supporting the objectives of Saudi Vision 2030 by developing high-quality urban destinations that enhance quality of life, stimulate investment, and strengthen economic integration within a growth model driven by value creation and sustainability.

For more information, visit: www.ummalqura.com.sa/en/new-strategy-2030

Hashtag: #Development #SaudiArabia

https://www.ummalqura.com.sa/en

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Umm Al Qura for development & Construction

Umm Al Qura for development & Construction is the owner and developer of MASAR destination that works with a developmental vision to elevate the urban and investment landscape of Makkah through pioneering the development of Masar destination and exploring new avenues to help improve the quality of life for Makkah residents, pilgrims and visitors.

Strategic alliance to drive headline concerts, sports events and premium travel experiences for international audiences, accelerating Macau’s push to become a global “City of Performing Arts.”

MACAU SAR – Media OutReach Newswire – 3 June 2026 – Galaxy Macau, the world-class luxury integrated resort, has entered into a landmark three-year strategic partnership with Trip.com Group, the global leading one-stop travel services platform, spanning 2026 to 2029. Anchored in the fast-growing convergence of live entertainment, sports and premium travel, the alliance signals an ambitious push to reshape Asia’s high-value tourism and events landscape.

At the core of the collaboration lies a shared commitment to scale world-class live experiences, leveraging Trip.com Group’s expansive global membership ecosystem alongside Galaxy Macau’s proven expertise in venue operations and large-scale event execution. This includes the flagship Galaxy Arena, a premier destination for international concerts, sporting spectacles and marquee entertainment programming.

Through this partnership, both parties will deepen integration across event curation, execution and distribution, while unlocking new layers of value through cross-platform membership privileges. The result is designed to deliver a more seamless, diversified and elevated experience for audiences — from ticket access and travel planning to on-ground entertainment delivery.

The agreement marks a pivotal step forward in advancing the integration of culture and tourism, a priority theme shaping the next phase of regional tourismdevelopment. By combining digital reach with physical destination excellence, Galaxy Macau and Trip.com Group are positioned to explore a broader spectrum of co-branded initiatives, immersive event formats and destination-led campaigns that extend beyond conventional travel offerings.

As the collaboration evolves, Galaxy Macau and Trip.com Group will jointly shape emerging trends at the intersection of luxury tourism and cultural entertainment, injecting fresh momentum into Macau’s ambition to strengthen its standing as a world centre of tourism and leisure.

For more information about Galaxy Macau, please visit www.galaxymacau.com.

Hashtag: #GalaxyMacau

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ABOUT GALAXY MACAU INTEGRATED RESORT

Galaxy Macau, world-class luxury integrated resort, delivers the “Most Spectacular Entertainment and Leisure Destination in the World”. Developed at an investment of HK$43 billion, the property covers 1.1 million-square-meter of unique entertainment and leisure attractions that are unlike anything else in Macau. Nine award-winning world-class luxury hotels provide close to 5,000 rooms, suites and villas. They include Banyan Tree Macau, Galaxy Hotel™, Hotel Okura Macau, JW Marriott Hotel Macau, The Ritz-Carlton, Macau, Broadway Hotel, Raffles at Galaxy Macau, Andaz Macau, and Capella at Galaxy Macau. Unique to Galaxy Macau, the 75,000-square-meter Grand Resort Deck features the world’s longest Skytop Adventure Rapids at 575 metres, the largest Skytop Wave Pool with waves up to 1.5-metre high and 150-metre pristine white sand beach. Two five-star spas from Banyan Tree Spa Macau and The Ritz- Carlton Spa, Macau help guests relax and rejuvenate.

As the dining destination in Asia, Galaxy Macau offers a wide variety of gastronomic delights, exquisite experiences and ingredients of the finest quality with over 120 dining options from Michelin dining to authentic delicacies; Galaxy Promenade is the hottest shopping destination featuring the latest in fashion and curated experiences in Macau. Spanning over 100,000-square-meter, luxury flagship stores, lifestyle boutiques and our selection of labels are among the more than 200 world-renowned brands for a world-class shopping journey; Galaxy Cinemas, immersive thrills and luxurious comfort go hand in hand at Galaxy Cinemas. All 10 theatres are equipped with the latest audio-visual technology; CHINA ROUGE, one-of-a-kind deluxe lounge that evokes the glitz and glamor of Shanghai’s golden era with entertainment in luxury and style; and Foot Hub presents the traditional art of reflexology to make you feel more relaxed and revitalized. For Authentic Macau Flavours & Vibrant Asian Experiences, Broadway Macau – just a 90-second walk via a bridge from Galaxy Macau, has over 35 Authentic Macau & Asian Flavours at its Broadway Food Street. The 2,500-seat Broadway Theatre plays host to world-class entertainers and a diverse array of cultural events. Meeting, incentive and banquet groups are also well looked after with a portfolio of unique venues in Galaxy Macau and a professional service staff.

Galaxy International Convention Center (GICC) is the latest addition to the Group’s ever-expanding integrated resort precinct and will usher in a new era for the MICE industry in Macau. GICC is a world- class event venue featuring 40,000-square-meter of total flexible MICE, and a 16,000-seat Galaxy Arena – the largest indoor arena in Macau.

For more details, please visit www.galaxymacau.com,www.broadwaymacau.com.mo and www.galaxyicc.com.

HONG KONG SAR – Media OutReach Newswire – 3 June 2026 – A large delegation, led by John Lee, Chief Executive of the Hong Kong Special Administrative Region (HKSAR), is visiting Kazakhstan and Uzbekistan (June 1-6) to forge closer ties with Central Asia.

Comprising over 70 business and professional representatives from Hong Kong and the Chinese Mainland, the delegation has already yielded significant results at its first stop in Kazakhstan.

Speaking at a business luncheon in Astana yesterday (June 2), Mr Lee highlighted that 43 memoranda of understanding (MOU) and agreements have been concluded by the visiting delegation with companies and organisations from Kazakhstan, with more agreements to come.

“They span aviation, finance and trade, innovation and technology, the digital economy, green development, and more,” Mr Lee said, adding that a Hong Kong airline plans to launch direct flights to Almaty in the first quarter of 2027.

“I believe that Kazakhstan can serve as a hub for Hong Kong to connect with the Central Asian market. In turn, Hong Kong can be Central Asia’s hub in the east and southeast Asian region,” Mr Lee said.

“By strengthening co-operation between our two hubs, we can construct a hub-to-hub co-operation model.”

On his first day of visit in Astana (June 1), Mr Lee met with top government officials including the President of Kazakhstan, Kassym-Jomart Tokayev, Prime Minister Olzhas Bektenov, and Deputy Prime Minister and Minister of National Economy Serik Zhumangarin.

Mr Lee noted that Kazakhstan has been actively promoting reforms on various fronts to bring about rapid economic growth.

“As one of the world’s three major financial centres, and the world’s largest cross-boundary wealth management centre and offshore Renminbi business hub, Hong Kong can provide diversified and flexible support including capital and asset allocation for Kazakhstan’s economic reforms and infrastructure development,” Mr Lee said.

The Chief Executive also encouraged companies in Kazakhstan to leverage Hong Kong’s advantages under the “one country, two systems” principle.

“Under this unique principle, Hong Kong has its own economic, social, legal, legislative and judicial systems. We are the only common law jurisdiction in China. We have our own currency, with no capital or foreign exchange controls. We are, as well, a separate customs territory,” Mr Lee said.

“The ‘one country, two systems’ principle ensures Hong Kong’s unparalleled access to the markets of the Chinese Mainland. Capitalising on our global connectivity and world-class professional services, Hong Kong is your ideal, two-way springboard for business expansion.”

Mr Lee also visited the Astana International Financial Centre and the Astana Hub, a local technology and innovation park, to respectively learn about Kazakhstan’s experience in promoting the development of the non-bank financial sector and the latest developments of the country in the field of AI.

Before leaving Kazakhstan today (June 3), Mr Lee visited Nazarbayev University, underscoring the historic significance of the trip.

“It was here, at Astana’s Nazarbayev University in 2013, that President Xi Jinping first raised the visionary initiative of jointly building the Silk Road Economic Belt – today’s Belt and Road Initiative (BRI),” Mr Lee said.

Last year, at the 10th Belt and Road Summit in Hong Kong, the university signed a MOU with the Hong Kong University of Science and Technology, demonstrating a shared commitment to advancing higher education co-operation under the BRI. It further reached MOUs with Hong Kong’s Education University and Polytechnic University today.

“These agreements will deepen academic and research collaboration.

“Hong Kong is the only city in the world with five of the top 100 universities. This talent environment is reinforced by our global standing: last year, Hong Kong ranked first in Asia, and fourth globally, in the World Talent Ranking,” he added.

Mr Lee will continue to lead the delegation to Uzbekistan for the second leg of the mission to Central Asia.

Hashtag: #hongkong #brandhongkong #asiasworldcity #opportunitieswithCentralAsia

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