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Al-Majdiyah inks 185M Riyal development deal
Dar Al-Majid Real Estate Company "Al-Majidiyah" announced the signing of a real estate development agreement valued at up to 185 million SAR with Jaida Real Estate Fund, with the aim of developing 296 residential units consisting of villas and apartments in the "Mashraf Al-Majidiyah" project in Medina city. The agreement covers design, planning, development, and supervision of work in the central area, along with marketing and selling the units. The implementation is scheduled to last 24 months. The project seeks to improve the residential area, excluding the display area that was previously developed. The financial impact of the agreement will be reflected through gradually increasing revenues according to the progress achieved.
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