City of Knowledge sells Medina land plots

Al Madinah Knowledge Economic City Company announced the signing of agreements to sell three plots of land in Madinah, with a total value reaching approximately 398.76 million riyals. The aim is to develop multiple-use projects through partnerships with investment funds and developers. The deal includes the sale of two plots with a total area of 17,620 square meters to Al-Bawaba International Investment Company and ‘Ulo’ Real Estate, and another similar-sized plot to ‘Oud’ Real Estate Fund, along with a partial lease agreement for office spaces. The company is expected to realize total profits of around 360 million riyals from these transactions, which will help enhance liquidity, support its financial position, and accelerate the development of strategic lands within the city.

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