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Umm Al-Qura Signs Land Sale Deal in Masar
Al Okura Company for Development and Construction announced the signing of an agreement to sell a piece of land within the "Masar" Destination project in Mecca, valued at 183.74 million SAR, to Makioun Urban Developers. The land area is 2,750 square meters and overlooks the boulevard. The purpose of the deal is to support the development of the "Masar" destination and to implement a tower designated for hospitality on the sold land, with expectations of improving the company's financial results and enhancing liquidity. The book value of the land is 82.68 million SAR. This deal comes as part of the company's strategy to enable real estate developers to develop projects within the destination.
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