Saudi Press

Saudi Arabia and the world
Tuesday, Apr 21, 2026

Thakher Development Company in Makkah signs an agreement with BIDAYA Home Finance

Thakher Development Company in Makkah signs an agreement with BIDAYA Home Finance

Thakher Development Company, the master developer of the master plan and infrastructure of Thakher Makkah project, announced signing an agreement with BIDAYA Home Finance, one of the leading companies in digital home finance.
The agreement comes in line with Thakher’s commitment to offer its customers the best solutions, services, and products, such as home finance for those interested in this service. It was signed by Eng. Abdulaziz bin Saleh Al-Aboudi, CEO of Thakher Development Company, and Eng. Faisal Al Nasser, CEO of Bidaya Home Finance.

Thakher Makkah project recently obtained the off-plan sales permit from Wafi off-plan sales and rent committee in the Ministry of Municipal & Rural Affairs & Housing in Saudi Arabia. In this context, providing financing during the off-plan sales phase is an ideal opportunity.

Eng. Abdulaziz bin Saleh Al-Aboudi, said: “we are pleased to collaborate with Bidaya home financing company, and this partnership is proof of trust and support from our partners in Bidaya in our work progress at Thakher. We, at Thakher, are always keen to offer the best options and products to our customers, and this partnership will achieve that, in addition to facilitating the growth in this market in line with the objectives of Vision 2030”.

Eng. Faisal Al Nasser, said: “We are delighted to sign today the agreement with Thakher Development Company, the master developer of the one of the most important projects in Makkah.

Through this partnership, BIDAYA continues to strengthen its position as one of the pioneer company in digital home finance in Saudi, by offering flexible digital finance products that aims to satisfy the customer needs, and strengthen its position as one of main supporters to achieve vision 2030 for the Kingdom”.

Thakher project’s first phase is almost completed, while the second phase is expected to be delivered in 2024.

Thakher Makkah project contributes to the Kingdom of Saudi Arabia’s ambitious vision 2030, which aims to host 30 million Umrah performers and six million pilgrims by 2030.

The project is spanning over an area of 320,000 sqm. Upon completion, it will include about 100 land plots of various uses for hotels, residential, commercial, and service-related areas.

Residential and hotel apartments units will be available in various categories, and the units will be also available for ownership. Among the international hotels in the Thakher Makkah are the Radisson Hotel, the Park Inn by Radisson, and the Novotel Hotel, the largest in the world in terms of room number.

Bidaya Home Finance is one of Saudi Arabia’s leading companies in the field of digital home financing. One of its main objectives is to enable its customers to become homeowners by offering simple financing solutions via its innovative digital platform, making it a key contributor to the achievement of Saudi Vision 2030.
Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
News Roundup
Microsoft lost 2.5 millions users (French government) to Linux
Strategic Saudi-Bahrain Causeway Closed Amid Security Concerns as Trump Deadline Approaches
Saudi Arabia Keeps Red Sea Oil Exports Flowing Despite Regional Tensions
Pipeline Attack Cuts Significant Share of Saudi Arabia’s Oil Export Capacity
Saudi Business Leader Abudawood Appointed Chairman of Merit Incentives Group
TotalEnergies Confirms Damage at Saudi Refinery Following Security Incident
Saudi Arabia Launches Early Construction Phase for King Salman Stadium Project
Saudi Shift Away from Longstanding Dollar Oil Framework Gains Attention Amid Iran Conflict
Türkiye and Saudi Arabia Resolve Long-Running Transit Visa Dispute
Saudi Oil Capacity and Pipeline Flows Reduced as Supply Risks Intensify
TotalEnergies Reports Damage to Saudi SATORP Refinery Following Security Incidents
Gulf States Assess Prospects of U.S.-Iran Truce as Regional Stability Efforts Intensify
South Korea Resumes Honey Exports to Saudi Arabia Following Sanitary Approval
Saudi Arabia Carries Out Sentences in Eastern Province Following Security Convictions
Saudi Sovereign Wealth Fund Backs King Street’s Regional Credit Strategy
Saudi Arabia Secures World Cup Return as Egypt Celebrates Landmark Qualification
Iran and Saudi Arabia Intensify Diplomatic Engagement Amid Regional Tensions
Russia and Saudi Arabia Open Visa-Free Travel Corridor for Citizens
Saudi Oil Output Capacity Reduced by 600,000 Barrels Per Day Amid Regional Conflict
Saudi Arabia Suspends Operations at Select Energy Sites as Precautionary Measure
Saudi Arabia Halts Operations at Multiple Energy Facilities Amid Heightened Tensions
Global Markets Jolt as Iran Signals Ceasefire Breakdown and Rising Regional Tensions
King Street Aligns with Saudi Sovereign Wealth Fund to Expand Alternative Investments in Middle East
Attack on Saudi Arabia’s Jubail Petrochemical Hub Raises Global Supply Concerns
Debate Emerges Over Saudi Strategic Decisions as Gulf Cooperation Council Dynamics Come Into Focus
Saudi Arabia Expands Full Workforce Localisation to 69 Professions in Major Labour Reform
Emerging Alliance of Pakistan, Turkey, Egypt and Saudi Arabia Signals New Regional Power Dynamic Amid Iran Conflict
Iran Linked to Strikes Across Gulf States Following Refinery Attack Escalation
Saudi Arabia Voices Concern Over Fragile US–Iran Ceasefire Stability
Starmer Warns Sustained Effort Needed to Ensure US–Iran Ceasefire Holds
Saudi Arabia’s Key East-West Oil Pipeline Targeted Following Ceasefire Announcement
Iran Targets Saudi Arabia’s East-West Oil Pipeline in Escalating Regional Tensions
Trump Warns of Civilizational Stakes as Iran Halts Negotiations
Saudi Companies Expand Remote Work Measures Ahead of Iran-Related Security Concerns
Iran Warns of Strikes on Saudi Energy Infrastructure if US Targets Its Facilities
Iran Urges Civilians to Form Human Shields Around Nuclear Sites as Diplomatic Deadline Approaches
Saudi Arabia Raises Oil Prices to Record Premiums Amid Supply Pressures Linked to Iran Conflict
Key Saudi-Bahrain Causeway Closed Amid Heightened Security Concerns Linked to Iran
Formula One Calendar Gap Explained as Fans Await Next Grand Prix
Growing Strain on the Petrodollar System Comes Into Focus Amid Iran Conflict
Reported Strike on Saudi Arabia’s Jubail Complex Raises Global Energy Supply Concerns
FedEx Introduces New Digital Tool to Streamline Imports into Saudi Arabia
Iran Claims Strike on Saudi Arabia’s Jubail Petrochemical Complex Amid Rising Regional Tensions
Taiwan to Source Oil Shipments from Saudi Arabia’s Red Sea Ports
Saudi Arabia Evacuates Riyadh Financial District as Precaution Amid Regional Tensions
Saudi Arabia Balances Ambitious Economic Vision Amid Regional Tensions and Financial Pressures
Budget Saudi Arabia Reports Strong Full-Year 2025 Financial Performance
Saudi Arabia Expands Investment in Capcom With Stake Reaching Six Percent
Saudi Arabia Assesses Significant Economic Impact From Regional Conflict Involving Iran
×