THE MIDDLE EAST’S

90. Makkah Construction and Development Company (MCDC)

Country: Saudi Arabia
Sector: Real Estate & Construction
CEO: Mohammed Al-Nafea
Market Value: $4.8 billion

MCDC operates across hospitality, Hajj and Umrah services, and real estate development. In December 2025, it acquired land in Makkah valued at $261.3 million, to develop a mixed-use hotel and retail project, and largely funded through Shariah-compliant financing. Net profits rose 16.7% to $101.3 million in the first nine months of 2025. As of February 2026, Saudi Binladin Group held a 12.5% stake, followed by AlSalehat Investment at 5.2%.