Riyadh – Mubasher: The Royal Commission for Makkah City and Holy Sites (RCMC) announced the launch of a new company at an authorised capital of SAR 1 billion to develop the holy sites and the nearby areas, Saudi Press Agency (SPA) said on Sunday.

Based in Mina, the new firm is the first closed joint-stock company to be owned by RCMC. It will sustain the development of the holy sites and realise the Kingdom’s Vision 2030 goals through raising the capacity and operational efficiency of the holy sites during the Hajj season while transforming the area into a sustainable urban centre.

In addition, it will upgrade and manage services, carry out facilities’ maintenance all over the year while leading, designing, and developing real estate properties at the holy sites and implementing infrastructure projects, in collaboration with relevant bodies.