Hamat: Pioneering Commercial Developments in Saudi Arabia

Hamat leads Saudi Arabia's commercial real estate sector with world-class malls and innovative projects, contributing to Vision 2030 by boosting tourism, creating jobs, and fostering sustainable urban development.

Hamat: Pioneering Commercial Developments in Saudi Arabia

Hamat, a leader in commercial real estate development and management in Saudi Arabia, continues to push boundaries with its innovative projects. Established with a vision to redefine the shopping and lifestyle experience, Hamat has consistently delivered world-class developments that cater to the evolving needs of consumers and align with Vision 2030’s transformative goals. Below, we delve into the company’s profile, its notable malls, and the groundbreaking projects shaping the commercial landscape of Saudi Arabia.

About Hamat

Hamat specializes in developing and managing shopping malls, offering vibrant retail spaces designed to enhance community engagement and lifestyle experiences. With a commitment to innovation and sustainability, the company ensures that its projects meet global standards while reflecting Saudi Arabia’s cultural heritage. By aligning its objectives with Vision 2030, Hamat actively contributes to the Kingdom’s economic diversification and urban development goals.

Hamat's Portfolio of Malls

Hamat’s impressive portfolio includes several renowned malls that serve as hubs for shopping, dining, and entertainment:

  1. Riyadh Park Mall, Riyadh
    Opened in 2017, Riyadh Park Mall is one of the largest shopping centers in the capital, featuring a diverse range of retail outlets, dining options, and entertainment facilities, including the Museum of Illusions. The mall’s modern design and wide offerings make it a must-visit destination for residents and tourists alike.
  2. Panorama Mall, Riyadh
    Located in the heart of Riyadh, Panorama Mall offers a blend of international and local brands, along with various entertainment options, making it a popular destination for families. Its strategic location ensures high foot traffic and a vibrant atmosphere.
  3. The Village Mall, Jeddah
    Situated in Jeddah, The Village Mall provides a unique shopping experience with a variety of retail stores and a recently opened Muvi Cinema branch, enhancing its entertainment offerings.
  4. Lavanda Park Mall, Abha
    Lavanda Park Mall is designed to offer a comprehensive shopping and leisure experience, featuring a range of retail outlets and family-friendly amenities. This mall reflects Hamat’s focus on creating vibrant community spaces.
  5. Manar Mall, Madinah
    Located in the spiritual city of Madinah, Manar Mall serves both residents and visitors, offering a variety of retail outlets and dining options. Its design and offerings cater to the unique needs of the city’s diverse audience.
  6. Dareen Mall, Dammam
    Situated along the Gulf Coast, Dareen Mall is known for its luxury shopping experience, featuring high-end brands and a family-friendly atmosphere. The mall is a key destination in the Eastern Province.
  7. Tabuk Park Mall, Tabuk
    Serving the northern region, Tabuk Park Mall offers a comprehensive shopping and leisure experience, catering to the needs of the local community and tourists. The mall’s strategic location makes it a focal point in the area.
  8. The Park Mall, Taif
    Located in the scenic city of Taif, The Park Mall is a premier destination for both locals and tourists, featuring a wide range of retail outlets and entertainment options. Its design integrates the natural beauty of Taif’s surroundings.
  9. Masar Mall, Makkah (Under Development)
    Set to become the largest mall in Makkah, Masar Mall is being developed with an investment of 2.7 billion SAR, featuring over 130,000 square meters of retail space. Scheduled for completion in 2026, this project aims to redefine the shopping experience in the holy city.

Contributing to Vision 2030

Hamat plays a significant role in advancing Saudi Arabia’s Vision 2030 by fostering economic diversification, enhancing urban infrastructure, and improving the quality of life for residents and visitors. The company’s developments are strategically aligned with Vision 2030’s objectives to:

  • Boost Tourism: Projects like Masar Mall in Makkah are designed to attract millions of pilgrims and tourists annually, providing them with world-class shopping and leisure experiences.
  • Create Jobs: By developing and managing malls across the Kingdom, Hamat generates thousands of direct and indirect employment opportunities, supporting local communities and economies.
  • Promote Sustainability: Hamat integrates eco-friendly practices and energy-efficient designs into its projects, contributing to environmental sustainability goals.
  • Support Local Businesses: The company’s malls serve as platforms for local entrepreneurs to thrive, aligning with Vision 2030’s emphasis on fostering small and medium-sized enterprises (SMEs).
  • Enhance Urban Development: By creating state-of-the-art retail and community spaces, Hamat enriches the urban fabric of cities across Saudi Arabia, ensuring accessibility and convenience for all.

Innovation and Sustainability

Hamat integrates cutting-edge technology and sustainable practices into its projects. From energy-efficient designs to smart retail solutions, the company is setting new standards for the industry. These innovations not only enhance the shopping experience but also align with Vision 2030’s commitment to sustainability.

Impact on Local Economies

Hamat’s developments significantly contribute to local economies by creating jobs, attracting international brands, and supporting local businesses. The company’s malls serve as platforms for entrepreneurs to showcase their products, fostering economic growth and encouraging innovation.

Hamat Holding and Umm Al-Qura Development & Construction Company announced a strategic partnership to develop and operate the largest mall in Makkah Al-Mukarramah "Massar Mall" with an investment of 2.7 billion SR. The project is one of the most important elements of the urban and investment destination for the region, and the development work of the mall is scheduled to be completed during the year 2026.

Future Prospects

As Saudi Arabia continues its rapid economic and urban development, Hamat is poised to remain a key player in shaping the commercial real estate landscape. With a strong pipeline of projects and a commitment to excellence, the company is well-positioned to meet the demands of a growing and diverse consumer base.

Closing Thoughts

Hamat’s dedication to delivering exceptional shopping and lifestyle experiences makes it a trailblazer in the industry. Through its innovative projects and strategic developments, the company is enriching lives, boosting economic growth, and contributing to Saudi Arabia’s Vision 2030 goals. As Hamat expands its footprint, it continues to redefine the future of retail and community engagement in the Kingdom.