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Umm Al-Qura Signs Land Deals in Mecca
Al Ma'qr The Company for Development and Construction announced the signing of two land sale agreements within the Wajhat Masar project in Mecca, with a total value of approximately 310.44 million SAR. The two plots are located along the main pedestrian corridor, "The Boulevard," with a combined area of 4,947 square meters. The first plot, measuring 2,697 square meters, was sold for 178.24 million SAR, while the second, measuring 2,250 square meters, was sold for 132.20 million SAR. The purpose of the deal is to support and develop the Wajhat Masar project by constructing two residential towers on the plots, thereby increasing the available housing supply. The revenues will be used to finance the company's operations and ongoing development. The company confirmed that the transaction was targeted to avoid any related-party relationships and that it contributes to strengthening the real estate development efforts within the project in Mecca.
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