"SCTA – Souk Okaz City – Mecca - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.
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The Saudi Commission for Tourism and Antiquities (SCTA) is planning to build a mixed-use community in Taif, Mecca Province, Saudi Arabia.
The project involves the construction of mixed-use facilities comprising both residential and institutional elements with a gross built up area of 12 million m2. It will be developed in phases.
The first phase of the project includes the construction of 130 residential units, hotel with 1,250 rooms, museum, art galleries, botanical garden, craft center, library courtyard, prayer rooms and related infrastructure, and the development of green space, water bodies and oasis.
On September 15, 2013, the SCTA declared the finalization of the proposed plans through its upcoming launch announced in accordance with a royal decree by the Custodian of the Two Holy Mosques (Custodian).
Subsequently, the SCTA submitted an investment proposal to the Custodian wherein the government will be the key contributor in the project as the owner and will extend basic services such as road network, water and electricity provisions for the development.
In January 2015, the SCTA announced its intent to associate with the Souk Okaz city cultural body for the project.
In third quarter of 2015, feasibility study works are commenced.
In November 2016, National Transformation Program (NTP), has allocated US$206 million For the development of the first phase.
Archaeological studies are underway and construction works on the first phase are schedule to be completed in 2020.
The project involves the construction of mixed-use facilities comprising both residential and institutional elements with a gross built up area of 12 million m2 in Taif, Saudi Arabia.
The US$1,600 million project includes the following: