Endowment commercial centre

Awqaf Commercial Centre

A proposed endowment centre on the Rashaya–Al-Rafid road with clinics, a commercial hall, shops and offices, and an estimated annual return of approximately $177,600 when complete.

Awqaf Commercial Centre

About the project

Protected assets, sustainable impact

A proposed endowment commercial centre on the Rashaya–Al-Rafid main road. The programme includes 16 clinics, a 920-square-metre commercial hall and warehouse, 30 shops and 30 offices.

Based on the assumptions in the current preliminary study, the completed and operating project could generate an estimated annual return of approximately $177,600. This estimate may change with final costs, occupancy rates and market prices.

Plans, bills of quantities and cost schedules have been prepared, one adjacent property has been purchased, and the administrative board has approved the project. Acquisition of another adjacent property, Higher Sharia Council approvals and legal licences remain outstanding before construction can start.

How are proceeds used?

Funding endowment, religious and social programmes

Location
Rashaya–Al-Rafid main road
Village
Al-Rafid
Project status
Adjacent property acquisition, approvals and licences in progress
Impact
30 shops, 30 offices, 16 clinics and a 920 m² commercial hall
Project document
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